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Zur Info. Yes the volume over the last 6 days has been strong and supported the rising SP. The impressive move above A$0.24 yesterday has setup COB for part 2 of its SP move which is to challenge its previous high closing price of A$0.335. COB broke out of its previous consolidation range on 31/10/17 so it is moving quickly which suggests that A$0.335 will be hit sometime soon. This SP move is being supported by: 1. The strong market sentiment towards cobalt companies particularly non DRC companies. 2. The strong cobalt price US$60,000/ tn (2/11/17) 3. COB's R&R of 50ktns cobalt which has an in ground MARKEY VALUE = A$4b 4. A potential NPV = A$1.69 (Per fully diluted share after CR to support project CAPEX) (Refer my previous thread entitled "COB - a rough & ready NPV calculation") 5. COB being a "PURE" play. Not mixed up with Ni, etc. Means cheaper OPEX & CAPEX. So all the stars are perfectly aligned to support the strong move in COB's SP. It took awhile to get going but the engine has now started and the accelerator is being depressed. The Cobalt price is bouncing around US$60,000/tn at the moment and it feels as though it is trying to break above this price point to the exceptionally profitable ground above. I suspect this is not far away. My stuff only so please DYOR. |
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| aus der Diskussion: | Cobalt Blue Holding |
| Autor (Datum des Eintrages): | Montekaolino (03.11.17 11:09:21) |
| Beitrag: | 7 von 43 (ID:56090345) |
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