Post by
DoekeGouda on Jun 01, 2021 4:50pm
An excellent summary of Dothemathpeople!! Read it
Thank you Dothemathpeople!! Your article again with in blue in my opinion useful additions
The WHOLE idea in the beginning was to source highgrade cobalt from Cobalt, ON, and Idaho. That went out the window for one simple reason; COST. Then it went further out the window, for another; Glencore. Then again, with what it will cost to actually produce anything in Idaho. Then ship it to Ontario? OBVIOUSLY, the Glencore blood cobalt with childlabor and slavery from the DRC is CHEAP. Cheap enough to mine it in the Congo, ship it to Ontario, Canada, and then process it into sulfate (whic is still and "if" situation imho). Then cue the two BLIND government arms, provincial and federal, glad handing and back scratching deals. And then top it all off with a massive debt facility draw down of up to $45M U$D, Glencores conversion of their debt into shares (pigs to the trough), close to 600,000,000 shares I&O on a FD basis, and you have the makings of a super promo, where the rich get richer, and we shall see what remains, in their wake. DRC cobalt, refined in Canada. Go figure.
Comment by
Budcomags4 on Jun 01, 2021 5:53pm
This is a pretty harsh and powerful assessment. Child labour and slavery... Anyone making strong assessments should be held to high standards - please provide proof...