Hi Raven
I have read a lot of your posts from on CFE and while they are negative by nature they, on many occasions such as this post, provide a well balanced argument to the hype and optimism. TS has on many occasions failed to deliver on dates and with what seems to be very scant regard to updating the shareholders for the reasons why. Having never met the guy I’m not sure if it’s misguided optimism, poor performance, lack of care or some whacked combination of all. There are a few reasons why I have dived head first into this project......
There are the obvious ones which I’m sure all investors are in for. The battery minerals boom supply demand imbalance etc etc
But I keep coming back to two or three vitally important ones....
TS has skin in the game
The project if it does get up has near side production and massive upside
Pretend for a minute that kapushi puts out 4000 tonnes of cobalt at today’s price and the board declares $87 million in dividends or 10 cents a share. That’s a huge bag.... with SP more than likely heading north of one dollar.
I couldn’t see the pit of tailings being void of Cobalt given the vast recorded geology of the immediate area but stranger things have happened ( still I’m prepared to take that risk)
Like you I’m somewhat bullish about the recent board additions....
I’m liking the drive in base / underlying value through EUR and now FEL I personally think TS will wait until they are reinstated and release their drilling results before coming to market with an off take / funding deal for CFE.
With another positive push of EUR SP and FEL with some positive results the CFE SP could find 7 - 8 cents before an announcement.
Always enjoyed your posts Raven even if they are not what we want to hear.
I think that’s what I also like about this story ashes to $$$$ couldn’t have been scripted better. Love underdogs and I really do believe TS has and will get this one correct!
Happy investing to all
CFE Price at posting:
4.6¢ Sentiment: Buy Disclosure: Held
