I put it down to big money with big plans spending money pushing the price down with small volume sales at a loss, shaking the tree with a long term view of taking control of the world's biggest pure cobalt play, owning much fertile ground and North America's only fully permitted cobalt refinery, which can also safely handle high arsenic ore. Battery metals are the new oil and there will be blood. If the price can be suppressed long enough then any future need for capital, say for costs associated with restarting and expanding the refinery, will likely involve a capital raising at a discount from the last one. Big pockets could then take up, or increase, a significant holding and be King. King of Cobalt. Lord of New Oil.
FCC Price at posting:
74.0¢ Sentiment: Buy Disclosure: Held