FTSSF - Cash Flow and Operation Feasibility Study CompleteThe feasibility phase was concluded and many positive results were shown. The study showed that the equipment was in great shape, and that cash flow would commence later in 2020, or early in 2021.
FTSSF
FTSSF Higher Low and DOJI printedLow volume selling printed a new higher low for today and a DOJI on the daily. From this point I suspect another shot at creating higher highs if 10/23 low and support is held.
FTSSF Weekly Trend Breaking Out? Since the company first started trading under its current symbol FTSSF (TS.X:FCC) the weekly down trend may be coming to an end. I see higher highs coming and a test of the 200 SMA daily soon.
FTSSF 200 SMA Test ComingExpecting a test of the 200 SMA on the daily. Volume is increasing and with financing for refinery restart, and cobalt prices back on the upswing First Cobalt looks to have a bright future.
FTSSF - $45m (CAD) financing secured for refinery restartGlencore signed the definitive agreement for $45m (CAD) to restart First Cobalt's refinery in 2020. The refinery is the only permitted cobalt refinery in North America. $5m to restart and study expansion, then $40m to expand to 55 tpd in 2021.
PR: tinyurl.com
Cobalt prices are also on the rebound which should help raise the entire sector.
FCC/FTSSF is in Business with Glencore Agreement!Glencore agreed to loan First Cobalt 45 million CAD$ to restart the refinery. Loan and work in phases... News here: tinyurl.com
THEY IN BUSINESS!
FTSSF - Which Catalyst will create demand for First CobaltWill it be: Glencore funding the refinery start, Iron Creek updates, U.S. China trade war creating favorable conditions for resource companies, cobalt price hikes, or something else unforeseen?
Negatives will be, if none of those things are not completed in the short to mid-term, then price could start to decay once again.
Technically the chart is slowly gathering higher lows after each spike. Whereas a year ago there were no price spikes, and any lows that were created were lower lows. We also think the amount of stock available now is starting to get tighter and tighter.
FTSSF Where's the Follow ThroughSpike on great news on refinery, thought there would be more follow through. Price is now back within the long term down-trend, looking for demand.
FTSSF - AwakeningPreviously said FTSSF starting to trade outside the weekly trendline.
Now while it has went a little bit lower than I wanted from my initial purchase, it has hit the support it needed and started to rally. May accumulate on any pullbacks, but position is at the moment ITM. May take profit as well if the rise is dramatic in coming days.
