Cobalt Blue Exhibits Cash Position at $2.06Mn with Government Assistance & Grants at $1.36Mn in June Quarter

  • Jul 08, 2020 AEST
  • Team Kalkine

Cobalt Blue Holdings Limited (ASX:COB), an Australia-based pure play cobalt player, has announced that the total amount of an R&D rebate, refund of government security deposits and the subsequent CRCP grant instalment received during the June quarter of 2020 stood at ~$1.36 million. In the March 2020 quarterly report, Cobalt Blue had stated that it expected to receive all these items, amounting to ~$1.2 million.  

The Company’s cash at hand position on 30 June 2020 stood at $2.06 million.

COB was trading at $0.110 on 8 July 2020 (AEST 12:19 PM).




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