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Have you seen challenger rns this morning ,pity they didn't go there instead of
Bahamas years ago finished up on bpc about 90% loss
Do we have any clue as to when the Stage 2 re-analysis results are due - really keen to see the results from Boland - but I suspect that its the Uranium from Pureba (if discovered in volume) that might finally wake the market up, ironically.
I too have a few million shares and I am adding to that very slowly on any positive news that takes us in the right direction but I wont add a substantial amount more for the reasons highlighed by SWS below.
Sws…. Thanks for replying….. the reason I stopped adding was because the SP goes down after I buy! (Apart from the 250k last week). I’ve got a few million shares valued today at roughly half what I paid by average over the years.
I know placings are part of the growth for greenfield mining stocks, so I presume most of us marketeers now wait on the sidelines for a bumper rns ready for the next placing?
Well, with Cobra, "the market" is us, I'd say. There's no big institutional investors (yet), there's no shorting going on, the 30% that the original parties to the Wudinna agreement hold are in sticky hands, so the price moves are caused by the other 70% of outstanding shares being traded by - almost only - retail investors like us.
So the question is, for any retail investor: If you do think this is severely undervalued, wouldn't it make sense to increase your position? Because that answers your question why "the market" doesn't take the similar stance on the valuation...as the market is us, there's apparently a reason why many - despite thinking the fair value of the company is (much) higher - don't go after that by buying more shares.
Very much appreciated LordChaos.
I suppose the question we ask ourselves is why isn't the market taking a similar stance on the valuation. If the company would state in an rns they value our cricket players at $, surley that would give the SP a leg up....?
atb.
Haha, my £3 valuation was for a fully operational mine, which is a long way down the line. Sorry if I got you too excited.
My 2.5p valuation is for the share price right now, based upon what Cobra has today. My valuation is based upon resource estimates for Clarke + Baggy Green REE, Thompson REE, Boland REE (at current REE ore prices) and Barns+White Tank+Clarke+Baggy Green Gold (at $2000 gold price). Calculation includes total tonnage (factored by TREO ppm/%), recovery percentages, a reduction factor based upon the quality of find [Measured (0.1), Inferred (0.05), Extensively Drilled (0.01), or Explored (0.005), with a 10-year mine life. All in an Excel spreadsheet and adjusted weekly. Today's calculation $17.99 Market Cap (2.7p share price). It's far from gospel but at least its a stake in the ground!
Lordchaos..... you're causing turmoil! Last week you said we should be 2p and now you're peddling £3..... I'm loving the optimism!
Ive mentioned a few times on here I think the company should put a value against the targets and mines it has- it would really assist some of us laymen/women with our own theoretical valuations. On that note- can you put your calculations on here that gave you your 2-2.5p valuation?
Cheeeers.
Roasted... lol
Well, following the information provided in the 'Sunday Roast' interview, if Cobra manages to get the 10sq. km. of Boland into production, even at current REE prices and a 10-year mine life, the share price should be about £3. I know we are a long way from that now, with much dilution to come to get there; it is EYE OPENING!
Increase in POG helping too.
Ninth on the Leaders Board. Up 13%
Increased volume - almost all buys.
The Sunday Roast effect.
Https://ft.pressreader.com/v99c/20230912/281797108586410
Metals explorer Cobra Resource jumped on announcing that test work at a project in South Australia confirmed that rare earth elements were “easily recoverable” and could be retrieved cost-effectively.
Rare earth metals are expected to form a big part of the world’s transition to green technologies.
SUNDAY ROAST FOLLOWED BY GLASS OF ORANGE JUICE
I'm increasing my shareholding further today to compensate for the 2p warrants that are hopefully around the corner.
Bodes well 👍
Maybe I kicked something off with my little top up last week xD
Amount of buying this morning huge volume somethings going on somebody knows something I’ll be up tomorrow morning early
And you could have said the exact same about Meteoric Resources, carters. Whoever bought when it started exploration in 2004 at 0.2 and held until September 2022 which had a price of 0.013 had lost 93.5% of their money. And then it 20-bagged within a year.
Why I choose MEI for that example, and not one of the many many others, where exploration companies don't create shareholder value straight away? Because it's an ionic REE resource (like Cobra), that has scale and grade (like Cobra are demonstrating as we speak with their work program). Because it went from 20m market cap to over 500m market cap in a year.
It's possible to be overly critical, you know...Cobra is known to be extremely economical with their budget as opposed to many many other explorers and they haven't been secretive about anything, it's been discussed at length by Rupert that the plan with the gold assets is to monetize them, it's been again covered in that linked interview (which I hope you listened to) that recently smaller gold project in Western Australia have seen M&A action with close to 100$ paid per ounce in the ground, which would be multiples of the Cobr market cap on its own.
If you want to say "they found REE by coincidence when looking for gold, and focused on it" was wrong, that's a possible opinion to have for you, if you want to say "REE are useless", that's also a possible opinion to have for you, but when the sonic drilling RNS just showed grades over 2000ppm, and we know that Cobra holds over 2000km2 of land in that exact paleochannel, and that it's an ionic resource that showed recovery rates of 60% within 6 hours with acidity of orange juice in the tests that have been done so far, and you say "Why are they pushing forward with that?" then with all due respect, what are you on about? When those are exactly the metrics that pushed Meteoric Resources from 20m to at the high 500m+ market cap, in a way worse mining jurisdiction, without the potential of an ultra low-cost recovery technique working.
First they lead everyone to believe that they were building towards a 1Moz gold resource. That turned out to be a lot of hot air. Then they pumped the share price with a load of rare earth numbers for a couple of years despite knowing that the grades and cost of extraction made it uneconomic. Then they hit on a new idea of ionic rare earth's but the market had lost interest and rare earth prices had fallen. Now they're onto a new thing which is in situ recovery and trying to sell that to investors. Will anything ever come of it or will it just pay directors salaries for another few years? Anyone holding cobr shares since listing over 5 years ago has lost nearly half their money.
Yes, excellent interview, RV given about half of the whole podcast. Good probing questions and great replies.
Good in depth interview, might just pick up a few more this week
Interviewer summed it up perfectly. Cobra not even on the radar never mind under the radar!
I’ve taken a few at this price ,,, for sure well worth a punt. BW