Rise In Stock Price For Cobalt Blue Holdings Limited

  • Sep 21, 2018 AEST
  • Team Kalkine
Rise In Stock Price For Cobalt Blue Holdings Limited

Cobalt Blue Holdings Limited (ASX:COB), on September 18, 2018, wrote a letter to its shareholders in which information related to its Thackaringa Cobalt Project was highlighted. The top management stated that Wood Plc has been appointed and it would be conducting a gap analysis related to the prefeasibility study which would improve the Bankable Feasibility Study or BFS. This study would make the management aware of the areas which require critical attention and hence those specific areas can be concentrated upon. Generally, prefeasibility study is conducted in order to ascertain that in which scenario a particular business would be profitable by factoring in financial as well as technical analysis and finally after the study has been conducted, the best idea takes the charge.

As per the analysis, before going ahead with BFS Engineering, there are certain technical areas which require more attention. The analysis covered areas like mining, engineering, geology, hydrogeology among other areas.

On September 19, 2018, Cobalt Blue issued a press release which was with regards to the information mentioned above. The fresh release confirms that the technical advisers as well as the board are in the process of reviewing the report. The management would also be conducting a meeting with Thackaringa Joint Venture’s partner named Broken Hill Prospecting Limited (ASX:BPL). The primary agenda of the meeting would revolve around recommendations as well as the findings of the analysis done.

As per the report provided by Wood, work related to the BFS, development of the flowsheet and other work would take approximately 2 years. However, in the meantime, COB has been conducting internal studies to look out for other alternatives to cash flows which can be achieved by producing COB’s end products.

The management of Cobalt Blue continues to believe that it would finalise bank feasibility study as early as it can be done. Finally, it expects that the investment decision would be done by mid-2020. The industry in which COB is operating requires research work before BFS. As a result, Wood recommended the studies as well as work which needs to be taken care of. Moving forward, the management of COB would continue to provide the progress report in regard to BFS to its shareholders.

On September 21, 2018, at the time of writing, the Cobalt Blue Holdings traded at A$0.330 which reflects an intraday increase of 3.12%. However, the company has a market capitalization amounting to A$37.17 million.

Dividend Stocks

Dividend Stocks To Buy

The Income available from dividends remains attractive for many investors.

We take a look at the best yields on the market and assess what they say about a company’s prospect.

One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”

ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.

Click here to get your free report.


The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.


All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.


There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK