I believe this is all due to a simple case of supply and demand.
A large number of projects by competent producers have in the past two years come online flooding the market. Price has corrected well below the viability of the cfe holdings, which to a consumer represents unnecessary risk.
it would be far safer for the buyer to simply invest in the stockpiles of cobalt available now than to give away that sane money to project that has gone no where in 2 years.
Unless we get a massive increase in the cobalt price, this will simply another Sage failure added to the history books.
CFE Price at posting:
1.6¢ Sentiment: Sell Disclosure: Held