Formation Capital (T.FCO) is regaining share price as the Biological Opinions needed for the EPA to issue their record of decision is completed and in the hands of the EPA to finish up.
Formation Capital’s share price had suffered with mining companies of every flavor especially since March of this year. Formation is rather unique in that Cobalt as a resource is not even close to anyone’s radar screen despite huge price appreciation for the commodity over the last several years. Now FCO has recovered to the C$0.70 range as of today’s market close.
Formation Capital was brought to my attention thanks to the recommendation of Peter Grandich of The Grandich Letter.