The price of Cobalt – Co according to the periodic table – has been rather buoyant of late. This, despite a well circulated report last month suggesting this most critical of battery metals has seen its day in the sun and is about to grind lower.
We’ve been saying it for a while now, but First Cobalt (FCC.V) is a straight up mega beast, and today’s news, that they’ll be taking out US Cobalt (USCO.V) is further evidence of that.
Trading halts are the worst. even when the halt is on positive news, investors sit waiting to be able to get their money back, sometimes for days, sometimes for months, and when the light finally turns green to buy and/or sell again, there’s always a healthy swathe of folks who are just going to get out, no matter what.
We’ve been telling you it would for four months now, but the price of Cobalt Power Group (CPO.V) ramped up 20% in early trading Monday after the company dropped news that Hochschild Mining (HOC:LON) has agreed to buy into the Canadian cobalt explorer for a minimum of US$500k.
A couple of months ago a soccer buddy mentioned that he was newly engaged to a woman he described as “smart, beautiful and unique”. The new couple were about to move in together to test their long term compatibility. Last night, in the pub – wild-eyed with excitement – he invited me to the wedding.