https://smallcaps.com.au/cobalt-stocks-asx-ultimate-guide/
I was sent this article and the mind boggles trying to to go through the list of wannabes flavor chasing to prolong management career. A red flag for me is to look at the number of shares on issue and the length of time they had been a spec. In addition a history of speculative exploration in the desired metal/S also gives some clues to the credibility of the entity.
I am just bring in some discussions here and I have not gone through the list of charts but some are familiar to be as chameleon style exporation flavor. As usual when you see the cobalt price rallying since 2016, it brings out every wannabe explorer who have failed in their respective search and with it a bunch of rosy eyed dreaming investors.
It is always difficult to look at a brown or greenfield explorer and make a detailed analysis of its staying power potential but a chart is helpful. Of course by the time you see the bullish trend, you are paying a premium for this privilege and it suits me just fine to let the market gauge the potential. The difficulty is to know what is a trend and what is an exponential spike. Hindsight vision is 20/20 but I learn from experiences to try not to spot the next ride. It starts with not trying to pick tops and bottoms or make future predictions when the parameters feeding into that thinking model is so obscure.
Interesting price dipped 1C below SPP and bulls came in to buy it back up.
