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Gold/Mining/Energy : FORMATION CAPITAL CORPORATION- $900m in Cobalt finds
FCO 9.420+0.1%Aug 6 5:00 PM EST
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To: donald martin who wrote (60)2/15/1999 10:45:00 AM
From: John Hunt  Read Replies (1) of 87
 
World's cobalt market cornered

<< A London commodity trading firm has stolen the march on the world cobalt market.

MRG Cobalt Sales bet against the prevailing trend of falling prices in the highly volatile cobalt market, building its inventories of the metal by quietly soaking up stocks, at the same time securing the right to sell nearly 40 per cent of world supplies. -- cont'd -- >>

smh.com.au

:-))

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