Interesting meeting in Zurich on CLA

Reflecting and traveling back by train to my snow capped mountains after a lengthy lunch meeting with one of the key CLA players here in Switzerland, not Mr Raskin but someone who knows him well.
Here are my bullet points I came away with and topics discussed and took notes.
The project is real and the Cobalt is there, it could become one of the biggest outside DRC (so he says).
Against that, We don't know the Metallurgy issues, Opex or Capex and still many unknowns.
Fundamentals and Feasibility are the key to any project, whatever the size.
This is fair enough and hence the ultra spec end of the market.

What I don't like is the following:
Management have no track record or successes.
The company has no broker, just an unknown corporate advisor, also with no track record.
No research, apparently the broker who used to cover it sold out and pulled his ratings last year.
No institutional investors
No anchor investors
No investment bank
The cobalt specialist walks away, so does one of his partners.
something doesn't add up here, and then the MD steps down.
Doesn't smell good.

My dilemma of what to do, maybe someone could assist with this, no jokers please.
I discussed this and the following over lunch but clearly he is still trying to defend his position.
Sell above 4 cents for sure ( and reinvest in Cobalt27 which I'm told is a pure physical cobalt plat with a small amount of holdings in some juniors), it has dropped over 60 % in the last year. So the upside if and when Cobalt recovers would be massive and safe, although I fear this could take 2-3 years and assuming battery technology doesn't change.
Hold below 2 cents, praying for a miracle.
2-4 cents I am undecided?
Apparently management have another company they are going to start working on. TMR , I need to look into that, as apparently it's very interesting also some who continue to follow management might switch to the new Co. so that could be an option.

Would be good to hear some views.