Post by
bigguy56 on Jan 01, 2021 1:50pm
hello from the Big Guy.
hello all. I bought about $12k worth of shares in the 0.60's in October of 2017. I am usually a long-term holder so I watched this fall and am watching it come back up. I sold some other lithium ones I had, like SLL.. but kept this because of the manufacturing. The only problem I foresee is the capital required to restart a plant. I am in the EPCM business and would guess it is a 50 - 100 Million dollar job. I was concerned that they would do a Reverse Split. Not sure where that stands now, nor do I understand this deal enough to valuate the stock, but it seems to provide for exellent cash flow and the restart of the plant.
Comment by
AaronEggs on Jan 01, 2021 3:13pm
They have non dilutive financing ready to go on the plant.
Comment by
bigguy56 on Jan 01, 2021 3:27pm
my concern is that it is not enough. I know they have 10 million from Ontario, and maybe 5 million from Glencore... my guess is it is not enough. Not sure what this deal does for that.
Comment by
Dentilus on Jan 01, 2021 4:58pm
I think they have 5 mil from Glencore on the go right now with an additional 45 or 50 mil to come from Glencore. Hopefully those terms will be announced really soon.
Comment by
Skantor18 on Jan 02, 2021 2:15pm
When First Cobalt becomes a supplier of many GIga battery factories in North America in the coming years they won't need to fix the float and may instead choose share buybacks.
Comment by
Angler101 on Jan 02, 2021 6:10pm
Seems to me I heard a rumor, Biden has promised billions of federal dollars will go into anything green in the next 4 years, so I don't find it hard to imagine several new battery makers built and up and running with fcc contracts to supply them right about the time the refinery is commisioned.
Comment by
den1731 on Jan 02, 2021 9:27pm
Usually I don't post in here since last 15 years, just let you people know this one will be a very good stock to own.
Comment by
ACEJackSuited on Jan 03, 2021 1:34am
This post has been removed in accordance with Community Policy
Comment by
Goatburner on Jan 02, 2021 2:43am
Thank you for the Post bigguy56..