Welcome To The Formation Capital Corporation HUB On AGORACOM

The only high grade cobalt deposit in the Western hemisphere

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Message: Yo Beav

Please allow me to intorduce myself, I just discovered this stock while looking for a alternative to Katanga. It looked great and the more I investigated the better. Thanks for all of your postings as they let me know that I am not out to lunch on this story.

A few things I have discovered while doing my research that have not been mentioned here. I am a bit of a technical neophite but I do look at charts and if you look at FCO's last 12 months...especially the weekly charts you will quickly notice what appears to be a double bottom....with a break out above the previous recent high of 65 cents(Positive). One last thing so I don't bore anyone with this techy talk, the fast moving average just crossed above the slow moving average(Another positive).

I also read an article at the Kitco site that talked about a recent purchase of cobalt and I believe the contract price was $45 a pound. The article went on to say how cobalt will be the hot metal of 2008.

So the fundamentals and the technicals appear to be forming a strong case for this stock to perform well.

Lets wait and see....just took a nibble today and picked up a few thousand shares for myself.

 

Cheers

Fish

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