Think you are right there, the boat has well and truly sailed on this one. No one is going to part with 40M to a company with record of mismanagement on the promise of a deal on a volatile resource such as this. Already sub 60k now and falling.
I would be thinking that about now Mr Mueller regrets ever meeting Mr Sage and his network of fund managers. Going to tarnish his reputation.
I took a month off watching CFE with the offtake agreement and cobalt funding has turned into the asx equivalent of the Nigerian prince email scam.
On return I find nothing has changed and they are still pumping out same old rhetoric and delays.
The poor Mr Mueller has been left to making ridiculous comments such as ,do you think Tony would walk out of samsung with a check, when questions on the timeliness of funding. It was TS that said on video that there was extreme interest and deals were imminent. The word of this management team is going down quicker than Cobalt price.
I await the fact-less comments to sell and that I am just negative.
CFE Price at posting:
2.3¢ Sentiment: Sell Disclosure: Held