written by reader Fate of eCobalt (ECSIF)?

By joker70, February 22, 2019

Does anyone have any information that suggests that eCobalt can survive the current assault on its stock price?
Is it going to die before it can sell product?

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The folks at eSlutions are not over zealous Cobalt explorers. They have already seen softness in the Cobalt market. They are taking cost cutting measures to compensate per their last company news.

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Travis Johnson, Stock Gumshoe

Here’s part of their press release from a few weeks ago: “While the Company continues to advance the ICP, non-essential operating and corporate expenses will be reduced or eliminated. Work at the ICP will focus on activities required to maintain the site and comply with the approved Plan of Operations, with the objective of re-commencing project development when full project financing is secured. Once a production decision has been reached, the timeline to production is still expected to be 18 months. The Company’s workforce will be reduced to only those employees essential for completing all critical path items and ongoing… Read More ยป

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