Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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It's gone back down to the placing price. Always the same. Placing shares rarely in sticky hands, any rise and they are out!
What a dog I’m in can’t believe it’s got this bloody bad
Great rns but it’s not gone well since
Oh well, that rise didn’t last long!
Guess the market is not quite convinced of the project yet. Hopefully that will change over the next few months but given the ADVFN post there’s obviously disgruntled investors/non believers following Cobra!
I'm a mug then ...lol
Listening to RV on the Sunday Roast yesterday as soon as I heard him say 16-18months I figured many that would consider buying in, or at least that have now put COBR on the radar won't be rushing to buy, unless there's a general market uplift that everyone's being saying is coming - for the last few years.
SO I think we will remain roughly around here for a little while longer - good if you're stake building ofc.
Seems peculiar that your first post is a negative one...maybe you need to check out RV latest presentations for actual comparisons.
As for the title of 1p being about right...I think given our current portfolio we should be at around 2p min. Anywhoo I'm sure the more geotechnically advanced posters on here will be more than happy to share their opinions on grades and percentages... as technical side is a bit much for me.
Copied from advfn
I see that COBR is up some 40% today - all on the back of its usual tactic to attempt to confuse and mislead gullible investors. Of the results released today the CEO states - "These results are sensational! It is pleasing to see our value proposition materialise, and these results, coupled with the excellent metallurgical recoveries achieved last year, demonstrate Boland is not only unique but world class.''
Er, no it isn't.
He also states -
'Whilst the Brazilian ionic rare earth projects have captured market interest, our results are comparable in grade, scale and metallurgy.......'
Er, no they aren't.
COBR was set up as a gold explorer / miner but when it couldn't find any economically viable gold on its plot (must be a great team) it decided to see what else might be there. Hence they joined the REE bandwagon and tried to convince folks that it was a rare earth junior instead. It then set about creating an image of itself that might impress gullible investors.
As for the results being sensational - that's very disengenious. So the average ppm of TREO for all 3 zones is 1196ppm. Why not express that as a percentage? Well as a percentage it really doesn't look very good at all - only 0.1196%. As a comparison Rainbow has 0.43% at Phalaborwa. Compare that to 2 existing producers (Lynas Mt. Weld and MP Materials' Mountain Pass) who have 6 - 8% grades and Brazilian Rare Earths' recent drill results of 18.8% TREO. Admittedly these 3 are in hard rock so more difficult to process than the gypsum dumps and soft clay of RBW and COBR. The chart below illustrates this very well - the blue section represents TREO concentrations and black sections illustrate the respective concentrations of the most sought after REE, that is Nd and Pr. As one can see COBR's figures would hardly be visible on the same chart - unfortunately chart does not copy but can be viewed by searching Innovation News network under title - Brazilian Rare Earths: A paradigm shift
Thanks Shipwreck for the link much appreciated!
Do let us know what you calculate over the weekend!!
Correction again - 55% LREO, 45% HREO in $value (sorry, I'm tired).
So a very high HREO content.
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.