From seeking alpha.
Summary
The summer doldrums have arrived and the continued decline in the cobalt price has crushed investor sentiment.
eCobalt Solutions is a near-term producer but numerous delays have curbed demand for shares and led to a downward spiral in share price to near 52 week lows.
With an Optimized Feasibility Study, off take agreements, financing, and construction decision possibly due later in the year, a significant re-rating in the valuation of ECSIF shares exists.
2018 got off to a roaring start for both the spot price of cobalt and many mining stocks associated with the suddenly in-very-much-demand clean energy metal. Aspiring producer and current advanced-stage developer eCobalt Solutions (OTCQX:ECSIF) saw its share price scream to near 52 week highs in early January, peaking at a daily closing price of $1.67/share.
Since the highs of the early part of the year, it's been a reverse course flip of the script for the cobalt narrative that has seen a precipitous decline in both the metal and stocks that has taken hold of and crushed investor sentiment.
