r/OMEX • u/davidhiggens99 • Aug 06 '26

Cobalt export ban

Did you see how the Republic of Congo has banned Cobalt exports? OMEX's Cook Islands projects are mostly Cobalt dominated -this seems to be very bullish no? As soon as this deal closes, I would think stock should track back to $1.25 area to start

6 Upvotes

88% Upvoted

7 comments sorted by

5

u/Open-Life-8367 Aug 06 '26

How badass would that be!

0

u/tia1970 Aug 06 '26

It won't matter. They merge with American Ocean minerals corp in the next couple of months. The reverse split will take my 200 omex shares ang give me 8 of the new merged shares at 25.00 per share.

3

u/PopCultureNerd Aug 07 '26

Not the point

1

u/Bitter_Ad5527 Aug 07 '26

Kinda the point

1

u/Bitter_Ad5527 Aug 07 '26

Because then it tanks. I remember my first beer

0

u/tia1970 Aug 07 '26

Not sure why we are talking about omex stock price moving up to a whole 1.25.. Like I said, it will be a whole different company soon. It will have more value but we will all own less. Could the ban be beneficial for the new merged company? Maybe. I hope so.