MEI 1.03% 9.8¢ meteoric resources nl

General chit chat, page-243

  1. 218 Posts.
    lightbulb Created with Sketch. 12

    Yeah well I bought some TTW thinking it looked a good bet ...thats 50% down now not quite as much as my MEI holding but both bleed a lot of red.

    However i didn't buy them for a day trade and as we both know cats there simply isn't enough cobalt being mined to meet predictions, and I think those predictions are conservative.  

    As much as Elon Musk would like a cobalt alternative he simply isn't going to get one any time soon.

    Supply and demand will see cobalt increase in price and even thin deposits become viable.

    It will impact all of us lithium cobalt batteries are ubiquitous and industrial applications of cobalt will affect a broad range of goods relying on special steels.

    This is one of those tests of patience. 

 
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