COB at 12 month high on compeling cobalt story., page-25

Yes i tend to agree with your analysis. Also the rise over the past few days occurred with a relatively small volume of 1 to 2 M shares daily despite being more than the daily average for sure. During the previous surge in December volume was much higher: this would seem to indicate that current holders see the potential of COB and won't let go cheap. If your customer wishes to get 500K shares it is likely to be hard to get cheap also because of a tight register of only 107M shares. Also the MC has crossed the $ 100M mark which allow some serious insto to buy .A lot will ride on the upgraded resource announcement, hopefully released tomorrow. If it meets expectations, it will further derisk the project (beside meting contractual obligations) and the share price will at least stay stable if not increase.
So far COB's management has done an excellent job meeting targets while respecting the timeline.