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Opinions Robert McWhirter
First CobaltFCC.VCOMMENTDec 28, 2018
Cobalt is a partner commodity in the production of lithium batteries. Earnings are expected to be negative in 2019. Cobalt prices have risen sharply, causing manufacturers to find a way to move away from using it -- nickle may replace it (as an aside Sherritt could be a potential benefactor of this). He would consider selling FCC-V in favour of XBC-V (who focuses on garbage dump gas extraction).
Robert McWhirterUnknown
$0.18
Stock price when the opinion was issued
$0.31
As of Dec 06, 2021. Market Open.
Mining
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COMMENT
He doesn’t know their financials. The company is trying to revive a historic mining area in Ontario. This type of work takes a lot of money and might require First Cobalt to issue more shares, driving down the price. Alternatively, they might take on a lot of debt, which carries its own problems. Cobalt is super-hot right now, so people have to be wary of these companies.
Mining
