It is my opinion that they are intentionally holding back on the drill results as a part of the sale process. Something maybe to hype the value to a buyer about to sign on the dotted line.
My logic here is that * TS buys and sells, doesn't produce * sells to someone with distribution capacity * lots of promises of what can be done and little to no progress on plant in 2 years, only studies to define value. * Four months for results that were due week s after sampling puts them as a tactical hand * The cobalt price is well below business case expectations so pre existing handshake deals are being re cut. * Moved from profit play to survival
This will not be the last extension to the suspension
CFE Price at posting:
1.6¢ Sentiment: Sell Disclosure: Held