The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Correction - 65% LREO, 35% HREO in $value.
I believe RV holds about 866k shares in total, and I agree he probably has no chance to buy more in the current news rich environment.
Interestingly, from my calculations, the HREO and LREO are worth approximately 65/35 of the total value of Boland, respectively (SWS—I will be interested to see how your calculations compare). I think the important thing is that since ISR mining works from the bottom up, the unusually high 35% HREO value will be largely realized first.
I'm pretty sure Rupert holds more than 333k shares, Kuro. It was 333k shares in the Oct 2022 placing & 500k shares in the Nov 2023 placing that was at a premium to the share price at the time. See here: https://www.lse.co.uk/rns/COBR/result-of-accelerated-bookbuild-206pe5ciab1f0ew.html
I imagine it's impossible at the moment to buy for him with how rules for director buying work, there's lots of news flow in the next months indicated with the re-analysis of historic drill samples, the uranium side story, and who knows what kind of insight they already have in addition to what we know so far on ISR recoverability and/or offtake agreement perspective and/or attracting strategic institutional investors and/or any potential discussions about monetizing the gold assets, almost certain that any information on any of these fronts would make it impossible to purchase additional shares right now.
Also with 3 related parties (one of which is of course David Clarke) holding 30% of Cobra, and another 7% of shares held by Andromeda Metals, that's a lot of tightly held shares. So are my 3%+ that you also see in the major shareholders list on the website, I'd love to be able to buy more, but unfortunately am not allowed to buy any new single-name shares for the time being; however, sure as hell not selling any, and hard for me to understand why people aren't gobbling these up left right and centre at a market cap of 8m£.
Anyway, I plan to do some calcs on the weekend trying to replicate the slide in Rupert's presentation that shows heavy rare earths in the basket to be superior to what MEI have, because these are the most valuable by far, and also the outlook for Dysprosium and Terbium is much better than for light rare earths (see for instance the article on the right side here: https://www.metal.com/Rare-Earth-Oxides ). For me that slide really drives it home that it isn't about the TREO grades, MEI have grades around 3x of Boland, and yet in terms of basket value, as HREO are so much more valuable, they aren't far from each other. With MEI's market cap at some 250m£, and COBR's market cap at 8m£, that's well...a big difference. Too big? Yep, way too big a difference as far as I'm concerned. Have to say there were times when I questioned the decisions by management, I can't say I've been a huge fan initially of how the plan to drill the Thompson exploration target was scrapped very abruptly and Boland was drilled instead last year, but they've done everything right really by the looks of things and I gotta say the confidence they have on the drilling/mineralogy front (confidence that is built on huge experience for all David Clarke, Rupert Verco, and of course also Robert as exploration manager, also with ISR) gives me huge confidence in the company. Which is why I have increased my holding to > 3% in the first place.
Then we have at least 6% between 6 that I know of on here. So that's getting close to 50% going nowhere fast.
Sadly I couldn't load up as much as I want due to some stupid investments on my part haha so I'm currently at 0.6%
:(
I agree with this - I wish RV would increase his holding to ram the message home. It would also be nice to know how much is tied up with LTH here. I myself am slowly moving closer to 1%.
Just a passing thought it be nice if RV decided to buy a few more shares he currently has 333k and it would be a good boost for solidifying his own views on how sensational the latest results are.
Granted Between David C and the three other substantial holders nearly 40% of the float is held tightly and im pretty sure all us LTH have a good percentage held tightly. So certainly wont take much for us to increase in SP considering the small free float.
Well only my personal view be nice if RV did buy some more to just round up even to 500k haha the 333k bugs me xD
Likewise, came for the GOLD but that didn't seem to go anywhere and I'm not a lover of REE resource - they are notoriously difficult to process/produce, but I stayed and am going longer because of the ISR possibility - apart from the grades in the resource that for me changes the game here.
Same here RSSHedgefund, I came for the Gold but I'm staying for the REEs.
Rupert's certainly on a pr push at the moment, do you guys think this project is achievable on our own, or will they hope to get some form of JV?
Note to future self….. sell some shares on release of RNS and buy an additional 20% back the next day…
Actually… having been here since inception I don’t have the b4lls to do that!!
Gl LTHs…. Our time will come
Seems to me they are suddenly pushing hard on marketing these results which is great. I get the feeling they are really pushing to get to 2p to unlock those approx 100 Million warrants which will bring them a nice chunk of change for the next phase later in the year.
Https://audioboom.com/posts/8478442-midweek-takeaway-with-rupert-verco-ceo-of-cobra-resources-cobr
In 4 weeks results will be in and then hang on to your hats
I wonder if RV might consider listing on the ASX at some point. I don't think the London Stock Exchange really values Australian miners
Without doubt..., Cobra is heading in the right direction which is reassuring for long term holders...
Good upward share price movements as the news flow confirms Cobra tenements true value.
Then due to the huge 2000sq km district / province scale long term income streams...
ATB
Yes great presentation
Have been a shareholder here for years, severely down (obvs). Have been wanting to top up for ages but waiting on something that'd confirm I wasn't buying a deckchair on the Titanic, yesterday's news gave me that and yesterday I started topping up.
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.