Initial Public Offering has now closed with strong support

22 September 2017

Initial Public Offering has now closed with strong support

Northern Cobalt, an exploration company in the Northern Territory, is poised to hit the ASX boards this month. Its primary asset is the Wollogorang Cobalt Project, covering 1131sq km in the northeast of the NT, with an inferred resource of 500,000 tonnes with cobalt, nickel and copper mineralisation.

Cobalt prices have doubled in the past 12 months, which has created a hype around this industry and I urge investors to remember that there is no guarantee that prices will continue to rise. However the valuation of the IPO is undemanding and the capital structure is appropriate given the risks, hence I believe this IPO deserves attention.

 

Source: www.theaustralian.com.au and northerncobalt.com.au

Publish Date: 
Friday, September 22, 2017 - 10:30
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