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Interesting day to watch.
I’m very happy with Ruperts 18 month projections
I invested in a gold prospect and have ended up with
That and So So much more .
GLA
Agree with all of that Shipwreck. Very good presentation with lots of exciting bits. The comparison with Meteoric is very exciting.David Clarke could barely disguise his excitement in his interview last week too. Won't happen overnight but Cobra is going to be huge dyor
Very interesting watch imo, as everybody who has been here for a long time knows: REE projects are notoriously difficult to compare, but in the video, the part after min 10:00 ticks all the boxes for me personally. It shows a good example how ISR mining of lower-grade resources can lead to immensely better results in both Total Metals produced/sold & AISC per unit (and consequently profit margin per unit) vs high-grade non-ISR mining. And doesn't use a random example for that demonstration, but the biggest uranium producer in the world (ISR) vs the second-biggest uranium producer in the world (only partly ISR).
The comparison with MEI that follows right after it in the video is also fantastic news in that for heavy rare earths content, Cobra's results are better than MEI and scale could end up being very similar. Considering that MEI has a market value of ~250m£ (470m AUD), personally I'm very happy today.
Some new names on the board today, which is nice to see too - and since some strange comments have been posted today by both the obvious rampers and the obvious derampers, well, I'm not getting into all of it, but let's please keep the facts straight:
1) several posted "this is AIM, anything can happen" or similar. Fact: This is not AIM, Cobra is not listed on AIM, this is LSE main market, a regulated market and not the wild west of AIM.
2) "They will raise anyway and you can buy cheaper". Fact: Again, it's not AIM, Cobra are known for being very economical with the funds they have & if/when they raise you can't bet on that being at a big discount, in fact the previous raise in November was at a premium to the share price. And undoubtedly another thing to consider is that the coffers could get filled by other means than an equity raise, it's been communicated more than once by the CEO that they're looking at monetizing the gold assets, it's also well known that the directors and related persons hold 30% of the outstanding shares, and it's well known to anybody who has been here for a bit that South Australian government has very interesting grants for critical minerals projects in development and it's safe to say that these results, with hopefully soon more re-analysis results on top of it, will put Cobra on the radar for these grants. So yeah, it might always happen that you get the chance to buy cheaper, it might also not happen, when I see the CEO of a company that is known for being highly technical in the presentations rather than a lot of PR compare the company's path to a similar company (in recoverable grade and resource scale) that has market cap of 250m£ with Cobra having market cap still < 10m£, personally I'm not waiting, when it already seems very undervalued (ofc DYOR and usual disclaimers).
For 11m bargain
Thanks peoples....
Held this since 2020, 56% down overall.... :( Could do with a double!
It's not really a question of being faster to implement. The point is that ISR is 1 more economic and 2 environmentally friendly so more amenable to finance and permit.
Transitioning from explorer to miner is a long process, today's sellers don't have the appetite to hold for the long term
I'm with you on that note JerseyCrew.
Not to mention COBR tends to stay pretty stable and doesn't fluctuate like a yoyo like some other stocks. Once the placing shares are cleared and the news flow and PR kicks off properly then we should be able to see consistent steady movements in hopefully the right direction.
For context and in respect of your comment about news being received quietly.
As I post up 19% on the day.
If it keeps close to this level at this stage of the game I would call that a result personally and close to the 6 month high.
People take profits on spikes. Recent placing at 1p also last November so placing shares being sold..
PS. But you have to give it to ComeOverHere, he's held his end up pretty well :) !
1. Is ISR generally faster to implement than normal methods? And does it recover the same grades?
2. Were there ANY downsides to this RNS?
You know what worries me? That there's only the one rampant ramper! What's wrong??!! To be honest I'm a bit disappointed that this news is being received so quietly. I don't remember any RNS for any company calling prospects or results 'sensational' -- let alone with an exclamation mark! ! And I don't remember Cobra RNS's being OTT as a rule.
Looks like the ramping clown has taken his 10% and disappeared thank God, back to a nice quiet, sensible bb
Biggest hurdle Cobra need to cross is visibility. The interview has only been viewed by 58 people!
Not sure what it’s going to take for the re-rate that long term investors have been hoping for.
Don’t get me wrong, todays news is great but if there’s minimum news flow over the next few weeks those invested today will get bored, sell up having a drag on the SP.
12-18 months should be a different picture!!
Not that you would be buying any molatov
Under a penny soon enough.
Should have waited lol always the same, read up on this and imm this morning with the good news and choose this one, be good in the long run
ATB
On the basis of today’s news I have added another 200k shares to my holding @ 1.38 which, to me, seems a snip. MC just £9m.
Molotov and ComeOverHere - could you please exchange numbers and continue your nonsense away from this board?
This is normally a useful and informative board, your squabbling is pathetic. The it elsewhere please
There’ll be no 500% today, there are warrants at 2p to exercise so price will be capped by them getting converted, equally though they’ll want the sp above 2p to get that cash in from the warrants. You two utter muppets are as bad as each other…
...thought not....
Well done, everyone! Nice rise today, with plenty more to go!
Take a look at #XLM (Xlmedia) - $20 million in cash hitting the bank next Monday, April 1st, 2024.
Current market cap is £32 million, and it's valued at over £100 million. It's a good time to get in and load up.
Very low risk but high return. Potential multibagger.
It’s taken you a couple of hours to wreck our brilliant, informative board, well done!
How’s your CPX trade going Moltikid ? Learn anything on its recent spike?