Hi Jim hi benz. yes Guy I'm still around, still long. I'm not ,...

Hi Jim hi benz.

yes Guy I'm still around, still long. I'm not , for example, just showing up to gloat and act real smart when others are in downturns and hurtin,.. Talking of which where do you guys go when the price actually rallies which it does from time to time.


Ive had a few emails recently from people asking if I've sold out etc ..The answer is no. To be honest I had 10 mill at the top of the market. I have 8 mill now as I decided to get out of a few to play in some other more current games in the meantime that are happening or should hopefully be happen quicker such as ERX (nice run) and TMR. (Hopefully about to go) and also to buy more XRO when it retraced recently.I got out about 7 cents average. Which is about where my cost of entry is now as I bought more CLA higher up round the cash raise time.


Also I have reallocated a few-some to the kids accounts for longer term, and some to a trading account as I may try some trading - but probably not as im not great at that sitting here on coconut island. Ill be buying some more back it if it goes below 5.

The reason I'm not blogging so much now is I'm busy writing a new book, .building a new house ,off travelling, etc etc.. but mainly there's not too much new to say right now. Look IMO we all know the cobalt story and we all know the CLA story now. Its just a matter of waiting now till it all happens.

Its a crying shame the cobalt price on LME is getting its teeth kicked in so much recently.But Thats the elephant in the room. We are as I say just holding a huge warrant on the cobalt price in CLA. We just need to sit and wait for the market to turn again and I dont know how long that may be. I'm long and wrong right now, but still very bullish cobalt and hoping Ill be long and right soon enough again.

Look EV sales keep increasing, solar/ wind/renewable power needs keep increasing, more planes keep getting bought, more medical equipment sold, more laptops sold, phones keep being replaced etc etc, so Co demand keeps rising- but gradually. Supply hpowever can ramp up very quickly . we just need the equilbrium to be hit again. As the price has fallen the huge sudden oversupply of cobalt from the 400% price rise is 2017/2018 thats preassuring down the price now will get reduced.

The sudden rush Artisanal miners in Congo who were getting 20$ a day but are now only getting $4 will figure its not worth the crap work and go back to their farms, the metallurgists in the huge Congo copper mines will probably change their separation techniques back to get less cobalt and more copper out the ore. The Chinese government seeing the price successfully down will give credits again to the battery makers, After all talk of and major investments in replacing in batteries cobalt has gone quiet . Also as the price turns speculators and traders and users who dumped their excess holdings in the fall will start to collect inventory again etc and Hopefully, Donald Trump will be impeached so trade gets back going. All will happen (maybe apart from trump impeachment)

Then the rally start again as happens in the ebb and flow of supply and demmend and pricing in most commodities all the time always has always will.

Meanwhile, the drillheads keep on singing in Opuwo. hitting more and more cobalt. I suspect (IMO only)that the next resource upgrade if the new northwest stuff is allowed to be added may go over 200,000 tons. which is huge. The fifth biggest in the world and biggest in the "free world".Thats meant to be out in Feb .

then hopefull;y in March well get the new scoping study.

Then the buyers can really make their minds up. Several are sniffing around already from what I hear.(and not from Brendan)

So Just fingers crossed that the cobalt price can start to recover again around then and we may hit the perfect storm mid year.

you know the stocks down at this end, one day they just take off north. Often for no reason that is immediately apparent. For example the insiders will start trading this long before any real buyers show up - they always have done always will.

I want to be in it when that stuff starts.

so I'm sitting biding my time. I'll keep you guys posted when there's anything I think new and worthy to report which I can hopefully do without getting modded yet again.