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Really is...wonder what sort of PR can be done to bring cobra into the spot light.... shy of the usual twitter comment...need something with a bit more reach
Well and truly under the radar.
I think the "few hundred million" is probably based on Aussie dollars so maybe closer to a 15 bagger, still worth hanging around for though
Say Cobra have 1 billion shares in issue by end of 2025 then sell for £200m so 20p per share or is that way too optimistic!?
All depends on whether they can prove their ISR concept and it is scalable but if they can produce rare earths undercutting the Chinese then don’t see why the above is not feasible.
When will the market start to believe in the story though reflecting with sp growth rather than decrease then stagnation we’ve had to endure for the last 12-18 months!?
Haha, I'll have some of what they're drinking! But I'll start with a cup of some of the tea you're imbibing.
Nice post Tom....... I think they've been hitting the Vin rouge though at the sunday roast....a few hundered mill in two years!...a 50 bagger?! Blimey- i'll have so many millions of $$ it'll be like winning monopoly!
maybe a 10 bag in my tea leaves at some point?
GLA!
Https://audioboom.com/posts/8493525-sunday-roast-featuring-paul-johnson-investor-charles-archer-long-term-ftse-aim-investor-and-f
Cobra at about 1 hour 33 mins in.
"12 to 24 months....the for sale sign will go up and it will be worth a few hundred million dollars"
Ironically, I would guess a Uranium discovery at Yarrana!
Anyone care to speculate which announcement will be the catalyst for a SP rerate?
IG offering 500K @1.044 atm.
Quite difficult for me to get a order through xD not sure how it is for anyone else... I might need to break it into tranches.
Yeah, I'm trying to find away to do the same.
Ahh yeah I probably dont have too much time. Ill see if I can squeeze out another 500k shares.
I would like to think its days rather than weeks, but they are so overdue, who knows!
So how imminent are these results do we think? I am contemplating putting a bit more into cobra and wondering if I got at least a couple weeks to sell some other shares xD.
Well, I have revised my COBR share price model to be even more pessimistic about the overall profile. I still have a valuation of 1.9p. I wish I had a few more quid from a windfall to invest here, especially with more Boland news to come very soon.
I had a lovely tickle with BSE this morning- had to take a few off the table there and put another 600k in the pot here…. I’m getting a sense the snake is getting ready to dance…. :-)
(Off topic Base resources BSE is a nice hold if you’re looking around- I still have quite a few in there for the long term).
Good to be confirmed, but was expected. However, the number of historic samples they sent to the lag for re-analysis is much higher than I thought, I thought it's only around 300. With over 1000, that hopefully goes a long way in derisking the scale of Boland (even if they should turn out lower grade as it's from drills that were before REE drills and hence didn't target rate earths at all). Pretty excited about that number of samples tbh, hopefully ANSTO is a bit faster with turnaround of the assays
Great news and the assays immanent...
A story unfolding here and very pleased to be invested
ATB
A good rns next week eith rise in sp
Can but hope ATB
Had a very quick response to the question; the remaining 25% of Wudinna is costing £260,050 in cash and the issue of approximately 52,010,000 new ordinary shares in Cobra at a price of 1 pence per share. I'll take that as good news as I was expecting it to have cost them more, it certainly reduces the likelihood of another fund in the very near term.
RachT - You were more than "a little rude" given the fact that you dished out repeated insults but apologies accepted.
For someone who claims 40+ years of investing with a moderate degree of success, you should know better that vagaries of share prices are nothing new on AIM, especially junior mining stocks where prices can be highly volatile. If a junior miner proves an asset as a mega find, the price can rocket.
On 19 Feb 2021, COBR was 3.3p and is now 1.1p as we speak. That is a value drop of 67% but who knows COBR may well recover all that loss and go beyond. Who can tell? You must be here for a reason.
Thanks for the prompt responses - most helpful and much appreciated. The figure for the amount of the fund raise spent on the 25% of Wudinna may be hidden somewhere deep in the public domain but I haven't found it. I've sent COBR a short request for that info and will post if I receive a reply.
Correction - 100 million warrants.
By my estimate, the company has enough money to undertake its planned activities until about September. At that point, if the share price is not above 2p, then they will probably have to raise. If it does hit 2p before then, that will trigger about 200 million warrants, which, whilst obviously diluting the existing shares, will give the company sufficient capital for at least a further 12 months (depending upon what they want to achieve).