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?

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

Share your thoughts...

2 Comments on " Fate of eCobalt (ECSIF)?"

Notify of
avatar

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Griffin
Member
2920

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.

Travis Johnson, Stock Gumshoe
Admin
11210
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 »
wpDiscuz