Ann: Opuwo Project Update and Board Changes, page-183

Here's the two-year Co-price chart:



- Hovering around $60K for most of 2017
- Rising too fast and overshooting to $90K in first-half 2018
- Causing a predictable supply increase (Glencore's production went from 27K to 42K and artisanal mining from 8K to 17K)
- Sending the price south to overshoot to $30K

Now, what do people think the Co price will settle at over the next 1-2 years (taking into account the predicted demand increase due to EV and the fact that Glencore can only ramp up supply by so much)? 
- If you think $60K or above (which is less than the average price over the last two years) maybe hang on to your shares 
- If you think $40K or less then you should probably sell
- If in between, well, tough choice

[IMO, we'll hit $60K before the end of the year, despite, or maybe because, the experts being gloom-and-doom right now....IMO experts typically excel at articulating what happened, but rarely at what's going to happen] 

Right now, the Co price is s**t so no point in reporting a resource upgrade or SS. 
- So what can the board do?  If they put SHs first, they'd save costs by forgoing their salary (and swallow their pride) by stepping down as MD
- So what can SHs do? Recognize the integrity of the board and remind oneself CLA is a leverage play, so form expectations about Co price and make up your mind

Or SHs can anonymously discredit management and fellow posters and whine on HC multiple times a day, crying for baby milk...