Global Cobalt Corp GLBCF

Waiting for the Train to come in.

[Dirt2Oil13]

Review of what we know  and information in Sedar states that IMHL is in default of paying Invest Project a  loan of just under 11,000,000 dollars.EBRD has also invested (Loaned IMHL ) 21,000,000 dollars towards   Karakul project.IMHL owns Company that owns mineral rights to Karakul,the rights are not transferable to Invest Project or any other company.They would revert back to government for auction if companies do not come to agreement.None of these three want the rights to revert back to the government because they would all loose money.IMHL owns 29.6 % of GCO .With the spike in Cobalt the price of minerals in Karakul just in known minerals in the 43-101 is closing in on 3 billion dollars less than 1% is owed in dept or investment.Nothing has gone as planned for sure but I believe ERBD would like this to move forward and so would Invest Project and IMHL will  soon come to terms with them because they have the mineral rights that cannot be transferred.Erin is a former CEO has millions of shares in GCO and has personally consigned company loans I do not consider her to be simply  a share holder and will no doubt play a part in the final re listing of GCO.
 Gemc is in the final throughs of getting relisted so as silly as it seams at times both will finally be listed again.A PEA survey for GCO and some invastructure from the Russian government would be a nice icicing on the cake. We deserve a lucky bounce Dirt2Oil13 Do your own DD

[Winwarrior]

I suspect getting a deal done makes sense to everyone except GCO, EBRD, IMHL and IP

[Misbrandt]

Given how long the process to get GEMC trading has taken I think it is evident that people working for both GCO and GEMC have never been particularly motivated to get things moving as quickly as possible. I often advocate patience for companies on the venture market because I have seen things take 2 or 3 times as long to come together but in the end they manage to do what they say they will. For

[Winwarrior]

It is the fault of others . . . . just ask them . . . . if you can. GEM is reachable so you can at least hear a live person explain that the exchange is the hold up . . . that of course does not really explain why it took so long to get the paperwork in :)  . . . . Now wiith GEM I think we were told a 43-101 was expected in December, completing this is within their control so that can't

[DRYOASIS]

I think the deal was good initially as things were moving in the right direction under Erin's management, that was until the sanctions came. I think the sanctions killed the competition and as a result GCO was left with a poor offer from the Chinese who usually want everything for nothing. Maybe GCO was left with no choice but to wait for the price of cobalt to re-bounce and sanctions to be