100% correct here Stash but that is the beauty of shares. What drives a share price up or down is supply v’s demand and the prospect of turning a small amount of money into a lot is what creates the demand. Since Jan 17 the cobalt price has trippled, the SP of EUR has x 6, and the supply demand curve of cobalt has widened significantly!!!! If we waited until the news before we buy then we wouldn’t profit as much. This is the next rule of investment - the higher the risk the higher the reward. Everyone will have a level of risk they feel comfortable with. For me I am comfortable with a great asset in the hands of these blokes because as I’ve stated earlier the demand is that strong I believe a funding partner and off take agreement is simply due course. Some will choose to wait and that’s ok but their entry price will be 7 x mine but their down side will be smaller.
Anyway have a ripping start to the year all and best of luck to all holders!!!!
CFE Price at posting:
6.8¢ Sentiment: Buy Disclosure: Held
