Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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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
Never mind found the bookbuild RNS.....figured Id top up an extra £2k here.....as it seems to be simmering and getting ready for potentially interesting news flow.
Hey Everyone, Been a while since I last posted.
Has anyone got an idea on how COBR finances are doing at the moment? I don't recall when the last placing was....could someone be so kind as to let me know the date?
Thanks
I have done a pretty comprehensive evaluation of the company based on all resources discovered, current mineral prices, etc., and I have a current valuation of 17.27 Million (lots of variables and unknowns, I know), but by my reckoning, the share price is understated and should be somewhere between 2 - 2.5.
So ignoring trades below 5£ value, we had the following volumes and prices yesterday and today:
5748£ at 0.958p
4800£ at 0.96p
4850£ at 0.97p
512£ at 0.975p
2772£ at 0.995p
6000£ at 1p
2563£ at 1.025p
with volume weighted average of 0.9803p.
And mid gets marked at 0.95p, below any of the trades? It's a bit silly really
Hope you’re all well.
Given what Cobra have achieved to date what’s everyone’s opinion on current £6.67m market cap?
Over, under or just about right valuation?
Have a good time, perhaps you can check out a venue for the £1 party whilst you are there :)
Good to hear from you ATB
Been sat watching from the sidelines for ages….beginning to increase holding at some point again this year. Currently down under enjoying the Ozzie weather. Saw a python this morning…..didn’t bother catching it as I still had hold of the Cobra.
Hope everyone is well.
Caribs
This looks like a holding RNS with only a few of the 220 assay results in. Analysis seems painfully slow at the moment. Still, some interesting new data, all going in the right direction, and some Uranium to add to the melting pot.
RV signposted at least three important pieces of newsflow expected in the next few weeks. The first is due pretty much anytime now and could be a catalyst (re-evaluation of historical data).