**** JUST TO CLARIFY******
Cape Lambert is not listed on any other exchange except for the ASX
Thought I would just comprise a brief composition of facts / assumptions / beliefs / opinions for any potential investors or those thinking of buying / selling
First of all
CFE's Cobalt play is as close to or closer to production than any other prospective Cobalt play on the ASX
(happy to be enlightened by anyone else otherwise)
Tony Sage has serious holding in CFE and will be batting for his own interests (ie your interests too)
Müller to the board brings in a European influence and exposure.
Announcement pending re Offtake / funding deal imminent
Cobalt continues to push new highs (US $67,500) currently and has forecast supply / demand imbalances for years to come.
Companies such as Volkswagon and Volvo have committed to no combustion engine cars from 2019 onwards ( ie The battery sector minerals sector is not a fad)
Current market Cap of 40 - 50 million barely even accounts for its share holding in EUR (ie plenty of upside)
Cash concerns largely mitigated due to rise in EUR price
This stock is a highly volatile stock which in my opinion offers investors multiples on their investment within a short time frame.
The sales of this stock in the past couple of days has not been to mum and dad investors with their thousand here or thousand there. Many of the sales that have gone through are large $20- 50K +++ sales to sophisticated investors or potentially those connected to the surge in price of EUR.
This is not for the faint hearted but 10 - 15 cents is definitely on the radar.
GLTAH
Happy Wednesday
CFE Price at posting:
4.9¢ Sentiment: Buy Disclosure: Held
