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Bullboard - Stock Discussion Forum Carabella Res Ltd Nsw CBLLF

"Cobalt 27 Capital Corp is an electric metal investment vehicle offering exposure to metals integral to key technologies of the electric vehicle and battery energy storage markets."

OTCQX:CBLLF - Post Discussion

Carabella Res Ltd Nsw > very problematic
View:
Post by drd8 on Jul 21, 2018 5:08pm

very problematic

big trouble:
https://www.bloomberg.com/news/articles/2018-07-20/thieves-jump-on-cobalt-craze-with-10-million-warehouse-heist

declined to say meaning they stole all the cobalt - this company has nothing left but an insurance claim - what kind of governance is that?

when exactly did this happen? - at least a week ago................. Pala just got smoked!
Comment by lumpy13 on Jul 21, 2018 8:35pm
First, thanks for reporting this news. I hadn't seen it and there has been no mention of the robbery on KBLT's website. That being said, even if all the stolen cobalt belongs to KBLT, it is less than 4% of its total holding and it is highly likely the loss will be covered by insurance, hence the impact on the company is minimal (unless I'm missing something). If so, it could present a ...more  
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