Fortune Minerals Ltd T.FT

Sleepy Sundays - article - Cobalt demand 2024-2026

[sirfartalot]

All in my humble opinion:

Interesting read for a sleepy Sunday if one is interested.
It paints a slightly different picture than the new aliases / resident bashers depict.

https://stockhead.com.au/resources/well-need-a-monster-cobalt-mine-every-two-years-from-2025-26-or-well-um-run-out/

Good luck to all longs,
We wait ...

[parahyangam]

HMMMM?? What if the NICO deposit is much larger than so far disclosed or understood. I mean MUCH LARGER. A glorious Olympic Dam. And the imminent global demand for coking coal is close at hand and will skyrocket prices. SPECULATION: Was the silver mine purchase strategic? To lead the wolves away from the hen house?

[MoneyMan123456]

It is an interesting feature of our times that people become so dogmatic in their beliefs that they cannot process simple challenges to their beliefs.  Instead they seek out echo chambers on the web to reinforce their belief system. For example the belief that Cobalt demand will increase exponentially vs the probablity that Cobalt will be engineered out of modern batteries.  History

[Jim1712]

Duh.  There's no place to refine it ?   Just for starters.   Jim. 

[FTzzzz]

When you read the news, do you find yourself drawn to the more depressing articles?

[Jim1712]

Burn outs that bought so high they likely will never recover.   Jim. 

[red]

We in Canadian cobalt are not immune to attack, and appears once again as news is eminent there are once again forces at work only in spite of the potential good opportunity which we own. Been around here long enough to have seen this pattern....and am used to it as many longs are. Most don't mind an opinion but seems they almost always come out in force as we make another potential move up

[Allman]

re. Instead they seek out echo chambers - I would argue "facts" re. innovation will drive right through most obstacles placed in its path - yes, at times, but following a timeline that doesn't necessarily happen when you want it too and would an EV manufacturer really not want to deal with the present and "hope" that that an unknown or unproven innovation was in

[MoneyMan123456]

Let's be honest, I consider the feasibiity study wildly out-of-date considering the project changes, inflation and interest rate increases that have been occuring.  I don't think a rational investor would rely on its conclusions given that it is almost 10 years old.  Do you honestly trust the information contained in the FS? The scary thing is that the unsecured loans that were

[geolith]

The difference between a secured and unsecured loan is negligible at this stage, except as to priority over other lenders. As far as the shareholders are concerned, a loan of any type takes precidence over their equity.

[Wallyneptune]

Maybe Aurcana can lend them the money or buy them out

[AbuBaba]

We were promised an FS years ago. Always one thing after another explain the 'delay'. I suppose now Troy will tell us that FT needs another three years to 'update' the FS due to changing macroeconomic factors like inflation and interest rates. After all, it's perfectly normal for accounting changes to take years. 

[red]

Abu ....I could be wrong on this but I am also sure you have the ability to correct me.....the stated need for a FS is a long way from a promise of one .....the need for a FS comes after a site deal and is nothing you don't know.....further needs millions of committed dollars for both site and study. anyway I think your point is taken but surely even you can see some positive in what's