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Fist Cobalt Comments on Unusual Market Activity
TORONTO, ON — (July 9, 2018) – First Cobalt Corp. (TSX-V: FCC; ASX: FCC; OTCQX: FTSSF) (the “Company”) reports that while it does not normally comment on market activity or market rumours, the Company feels it is appropriate to issue the following remarks in light of the unusual activity related to its common shares.
First Cobalt reiterates that the fundamentals of its business have not deteriorated but rather, since completing the acquisition of US Cobalt, it believes they have improved. The Company is aware of no material events that would contribute to the unusual trading activity.
“ We continue to execute our growth strategy, and our business is progressing as expected,” commented Trent Mell, President and CEO. “ We are fully funded to complete the work program underway at the permitted First Cobalt Refinery complex, as well as our ongoing drill programs in both Ontario and Idaho. We remain encouraged by the results we have achieved to date as we continue to build a vertically integrated North American cobalt company.”
The Company also states that certain officers and directors have been buying shares in the market over the past several weeks.
About First Cobalt
First Cobalt is a vertically integrated North America pure-play cobalt company. First Cobalt has three significant North American assets: the Iron Creek Project in Idaho, which has a historic mineral resource estimate (non-compliant with NI 43-101) of 1.3M tons grading 0.59% cobalt; the Canadian Cobalt Camp, with more than 50 past producing mines; and the only permitted cobalt refinery in North America capable of producing battery materials.
On behalf of First Cobalt Corp.
Trent Mell
President & Chief Executive Officer
ur kidding right?
May Day May Day ABWN crashing to earth May Day May Day
That is spreading false news.. No FB buyout.
R/S COMING..
Sorry but that is not news, its an article. Thats it..
There is NO FB partnership. That is very misleading..
They did a bad job. The cash was spent in the wrong place. TV spots that should have never been.
If this was a screaming buy, the buy orders in at trips would buy at mkt. because if you think its going up (and its not) it shouldn't matter if you pay .001 or .0009. The buys are just some trying to prop it up. To late the party is over.
And how is that known???
Not this stock..
Just like I warned a couple weeks ago that ABWN trips were coming. Well folks trips are here. They spent all the cash on TV spots and not advancing he Co.. That says it all!!!
Right!! lol
Rumor on the street is a possible buyout of FTSSF. Most logical next move I think.
True, However the street always leaks if anything was really happening, and signs of activity, and its not, its been crickets. Why are they still wasting money on TV spots that at this point are irrelevant??.
Meanwhile ABWN IS still spending 10s of thousands on TV spots. Just a pump scam..
PIPE DREAM!!!
MUX One of the best buys in the gold sector. Top experienced mgt. is key.
These fools are still running TV spots.
Ahhh could it be that BONZ is after the copper in Dragoon??
Yes and I think that having only battery grade processing plant makes it an excellent target.
FTSSF IS A Prime takeover target. Just a matter of time.
EXMGF is a prime takeover target. Just a matter of time.
Saw an ad somewhere on net advertising for workers at one of their mine sites for 24-25 pr. hr.in a place called Dragoon,Az. Looking for ad and will post.
Their big problem, or failed pump is they continue to spend tens of thousands of dollars on worthless TV ads, instead of using the money wisely.. That does nothing for the Co. except exposing a co. that has yet to prove its product. Just a good story stock but the story has ended.
The stock nose dived for a reason.
They would love to be taken over but all that is coming is a big R/S.
Yep its coming alright. "OUCH" A hot falling knife... All their money spend on promotion. Proves it is not serious but just interesting promoting for ___?
Being cleaned up and packaged for sale? Good timing. We are moving into the last leg of the 20 yr. secular bull mkt. in precious metals. Should last 1/112 to 2 years culminating in a huge parabolic move then, crash to earth.. Just like the last run that ended in 80-81. Notice the precious metal stocks moves up, gold will follow. Even BONZ will move up.
Did lose enough on the last R/S?
They spent all their money on TV ads. BAD MOVE.. R/S coming or Co. will go to Zero..
There will be an R/S or Co. will go to ZERO!!!
Another penny relegated to the junk heap of pump then dumped penny stocks. Good idea, bad mgt. spent all the cash on TV ads. Trips soon.
There will be an R/S. Count on it..
Why???
I wouldn't worry about a few million share dilution. When mining starts and hopefully copper prices stay up, this stock will rock. Last time I owned a stock that had a new mine opening, it went from .56 to over 10. PATIENCE..LOAD UP NOW WHILE ITS CHEAP..
No pump just live part time in the area and put out what I see and hear..They finally have real mgt. and not the liars and thieves like Stoj. and the clowns before him.
thnx I must be in the fog today.
This has to be a screaming buy. Great buyout opportunity as well as a soon to be cash cow. 1st new copper mine in over 10 yrs. Thanks Trump!!
What is AGM?