Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Started: Gatekeeper0, 19 Jun 2024 11:44
Last post: Trombone, 19 Jun 2024 12:37
Rupert must feel pretty confident if he's networking with offtake partners before all the test results are in
Rupert Verco is attending the REIA Global Rare Earths conference in Tokyo to network and engage with potential partners and the broader rare earth community.
https://www.youtube.com/watch?v=T3rp8ySW43M
Cobra Resources is conducting promising lab tests on rare earth element recovery from Boland ore using in-situ recovery (ISR) techniques, showing high-grade samples enriched in heavy and magnet rare earths.
The company aims to scale up its ISR process and produce a marketable rare earth carbonate product, working with partners like Water Cycle in the UK to optimize the process and achieve low-cost production.
Last post: 5x5Croire, 19 Jun 2024 10:59
Canada also moving to block China's access to RE's. Small amount, interesting though. Australian co.
https://www.mining.com/web/canada-blocks-chinese-rare-earths-deal-in-trudeau-led-crackdown/
A good summary SS , again thank you for taking the time.
Seems the ducks are finally lining up , I like the fact Rupert is at a REE convention in Japan.
Expecting further RNS update later this month
ATB
Very impressed with Rupert, thank you for posting SS
Carters, wanted to reply to your points too, as you seem to be new to the company:
1) "It's one thing doing lab tests but does this work at scale?" The conditions from the testing sure look good so far, the company made a bold decision in that mid-2022 drilling campaign to prioritize Boland as completely new target at the time over the Thompson exploration target (81-233 mt), based on their understanding of the mineralogy. Many other companies would just have taken a "let's just maximise the mt of REE in our MRE" approach, indeed many REE companies do just that, and leave considerations about how mineable the resource is for the future (think AR3 for instance, but even MEI). The fact that Cobra have had the mining approach, ease of extraction, cost of extraction, recovery rates, in focus from the very start, and opted for focusing on "the right resource" rather than on "increasing the MRE as much as possible as quickly as possible" is imo a very positive thing, and with Boland a lot of boxes were ticked indeed that they had always been open about.
2) "Are we to believe that this tiny company is going to do a world first for mining rare earths?" Alone? Maybe, given that they do have a lot of ISR experience in uranium across the team, both Rupert, and also David Clarke. The conditions for ISR surely aren't given everywhere and they have found a resource in that unique paleochannel that seem as good as they can be for it. Not alone? It should be easy enough, if they show proof of concept & scalability, they already have the partnership with Watercycle to optimize flow sheet, and Australia is home to several multi-billion $ market cap REE miners, think Lynas.
3) "The million ounce gold mine went up in a puff of smoke" Not really, but focus has shifted to REE, rightly so in my opinion given there's likely a 130 km^2 resource. But if you're looking for a pure gold explorer, this isn't the investment for you at the moment, granted.
4) "The share price has done nothing since listing over 5 years ago". Well, rare earths prices decreased a lot since 2021, these go in cycles. You can say the same about most other London-listed rare earths companies for that reason, Rainbow, Mkango, Pensana, all of them are pretty much at listing SP, if you go on google and put Max on the graph. The good thing with Cobra is that the board and related persons have huge skin in the game holding over 30% of outstanding shares, raises have been with small or no discounts (one was at a premium to SP), and spending is very conservative, that's a nice thing to have for an exploration company.
5) "everything is hanging on this highly speculative method of mining rare earths. Near £10m market cap and no precedent for whether this ISR is workable for rare earths." What makes you say that exactly? Market cap was close and at some points higher than now before Boland was the focus. If ISR works, this is off to the races with huge upside, if not, there's other methods of
Started: DartFrog, 11 Jun 2024 12:37
Last post: LordChaos, 12 Jun 2024 08:18
Also, Rupert's words to me at the recent shareholder's event - if the ISR results are better than 50% and we can demonstrate we have at least 100Mt, then we have a commercially viable mine. I think we will have both of those in spades over the coming months.
Yeah, the only thing that a buy marked as a sell means is that you got a very good price - as your buy was below the displayed mid price (or I guess looking it from the other side, you could also argue it means the mid mark is too high vs where actual market is, if that bid/offer is in line across brokers).
Anyway, hopefully ISR results in the next weeks, if those are good, Boland looks very very promising indeed, with the modelled area of mineralisation (which has been supported by the historic sample reanalysis results), sky is the limit if they can show "We can mine this in an ultra low-cost way that also has less of an environmental impact than conventional mining". You guys have been talking about JVs below, which...if ISR looks like a go...I don't think Cobra would need, both upfront capex and opex would be manageable, and South Australian and federal government could well give grants, and offtake agreement with some credit line would do the rest. Pretty sure that some of the multi-billion REE/mineral sands companies in Australia would try to get a piece of it if ISR works and scale is there, so JV could be easy enough in that scenario, just saying i don't think for Boland they *need* a JV.
However, in the medium term, JV could have other advantages, let's not forget that after Boland, there's also a highly prospective tenement in Tasmania adjacent to an ionic REE resource, there's more to do in that Narlaby paleochannel than just Boland, and there's several prospective IOCG targets that rightly for now aren't the focus, but could easily become relevant quickly once there's either revenue or JV.
Ignore the labels Frog, all are generated from this sites mid based algorithm, market does not label, buy/sell/unknown all a best guess.
I purchased 25000 shares just now @ 1.190p per share. It is showing as a sale!
Frog
Started: 5x5Croire, 11 Jun 2024 09:57
Last post: 5x5Croire, 11 Jun 2024 09:57
2 refineries being built, unless anyone know different. Both gvt. backed.
https://www.xm.com/research/markets/allNews/reuters/iluka-in-talks-with-australia-government-for-more-support-for-rare-earths-refinery-cfo-says-53832702
https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/australia-backs-arafura-s-rare-earths-refinery-with-a-840-million-finance-deal-80846127
Seems all the grants have been dished out - could be more to come.
"Northern Minerals Limited The Browns Range Heavy Rare Earths Project at Halls creek in WA. The Project will produce a Rare Earth Oxide Concentrate for sale to Northern Minerals’ offtake partner, Iluka Resources. $5,910,307" From the following:-
https://business.gov.au/grants-and-programs/critical-minerals-development-program/grant-recipients
Started: Dibs61, 4 Jun 2024 09:00
Last post: KuroMaou, 11 Jun 2024 09:32
Ahh I see, that makes sense. Well hopefully it ends up being a positive for COBR.
Northern are a Rare Earths Co. Gvt. moves to protect the commodities, could have implications for Cobra. There also may be a chance of some gvt. funding. We could well need a JV partner, so worth getting to know who the companies are that could be interested.
I'm not invested in Northern, just here.
Any reason you are posting about Northern Minerals on the Cobra Resources board?
Does Northern Min have something to do with COBR that I am unaware of?
Https://www.legislation.gov.au/F2024N00475/latest/text
Gvt forcing sale of Northern Minerals shares held by Chinese.
Started: joetrader, 3 Jun 2024 14:50
Last post: TheFatController, 3 Jun 2024 17:22
Still no real trades though?
This time Stockbox are doing a bit of research
https://youtu.be/0GJIYDE2uZc
Started: RichyRich1, 2 Jun 2024 13:19
Last post: RichyRich1, 2 Jun 2024 13:19
Hope you’re all enjoying your weekend.
Bit of info that I’ve had confirmed on the outstanding warrants.
At present, the company has 100,062,000 warrants on issue at an exercise price of 2 pence, and 49,613,334 warrants on issue at an exercise price of 3 pence.
If they can get the price past 3p this year and all warrants are taken up imagine what Cobra could do with over £3m in the bank!!
Started: PaulFG, 31 May 2024 08:44
Last post: moneymetal, 31 May 2024 09:16
Thanks for sharing.
Another good follow-up interview with Rupert:
https://www.youtube.com/watch?v=Z8td1CtkmUk
Last post: moneymetal, 30 May 2024 11:10
Dibs 61, I am long on this but hope you are right and we see commercial potential soon.
Moneymetal - I disagree. Their main audience market at present will be retail and HNW investors. They have been active on the IR front. RV has recently been in London doing just that! That is not the issue imo it’s simply the market is not yet sufficently convinced and the whole resource sector is unloved still with one or two exceptions.
We have to be patient and wait for more evidence of a truly commercial asset.
I will happily use this time to continue to add. See it as an opportunity.
I can't fault their marketing, really; I think they've been quite active. Perhaps the market isn't ready for COBR just yet. Out time will come either rapidly or slowly.
One trade so far is what I call a very muted response. The Company needs to improve its IR and get more active marketing to certain social media promoters as that is the best way to get on the radar of more investors. The current strategy is not working from a marketing perspective. More money on IR/marketing should be worth it to get the valuation up.
I guess the market is waiting for the ISR results next month ... seems a bit of a muted response this morning.
Would be nice to break 1.3 though.
Started: Sharecrazie, 30 May 2024 09:42
Last post: Sharecrazie, 30 May 2024 09:42
I can not see the RNS showing on the live page, can anyone else see if it’s on there ? I’m sure it happened to previous releases also
Started: RichyRich1, 29 May 2024 19:05
Last post: ShipwreckSheep, 29 May 2024 20:29
I wouldn't say it can't happen Richy.
It's the better mining jurisdiction, the scale of the resource could easily be as big or even bigger than MEI's eventually (even though I do agree with you that it's unlikely the Boland maiden MRE will be close to their tonnage), and if ISR tests look promising, Cobra would have something in the REE space that nobody else has yet, which in itself could spark huge interest given that it's the lowest-cost extraction method and, maybe more importantly, given that a lot of REE resources in Australia and other places sit within prime farm land, which means many clay-hosted resources that aren't amenable to ISR will have troubles to get mined irrespective of their grade.
Also let's not forget that 4 of the 10 biggest publicly listed REE miners in the world are Australia-based, and some of them only have resources that are expensive to mine and might well be looking for a low-cost high-scale ionic resource to add to their portfolio at the right time of development - if Lynas, Arafura, Iluka get interested, well, things would get very interesting very quickly.
Also add to that the fact that China in the past 2 weeks alone has provoked around Taiwan 2 times already with some of the biggest fighter plane "exercises". If this escalates and Chinese rare earths are suddenly off limits the way that Russian oil and gas was, massive boost to the entire sector without any doubt.
It's hard to find many negatives here at the moment, especially with funding sorted for the rest of the year according to the recent presentations, and with directors and related persons holding 40% of the outstanding shares. Expected upcoming news flow is also quite exciting imo with the rest of the reanalysis results and the ISR lab results likely to drop in the coming weeks.
It's quite funny really that we're still not at the market cap of early 2022, when the company very clearly has made enormous progress towards defining what looks like a pretty substantial resource.
SP holding up well and looks like there’s some difficulty buying any reasonable amount of shares given the constant late reported buys/sells!?
I’ve been looking over the investment opportunity that Cobra highlighted in most recent presentation that shows Meteoric Resources market value increase over a 16 month period.
They announced a maiden MRE of 409Mt @ 2,626ppm and their SP pretty much took off thereafter peeking one month after to A$500m market cap.
So…..
What’s everyone’s expectations of Bolands MRE?
I’d be very very surprised if we got even a 1/4 of that so maybe 100Mt @ ????ppm but I’m just plucking figures out of the air.
I don’t think our grade will be anything like Meteoric but ISR should help us a “grade is not king” as stated in the presentation.
I’m just trying to get a grasp of the realistic potential here because all being equal if our results were similar to Meteoric Resources performance their market cap increased from around A$20m in December 2022 to A$500m in June 2023 so x25 market cap in just over 6 months!
Surely that can’t happen with Cobra!?
1.3p x 25 = 32p with market cap of £225,000,000!?
Surely not!?
Started: moneymetal, 28 May 2024 09:35
Last post: moneymetal, 28 May 2024 09:37
Visual Capitalist Infographic on in-situ mining. Very informative and the way forward for cleaner mining.
Cobra has excellent potential to be the lowest cost and one of the first ISR REE producers in the lowest cost quartile globally.
https://www.visualcapitalist.com/sp/everything-you-need-to-know-about-in-situ-mining/
Advantages of In-Situ Mining
The environmental advantages are clear, including: minimal noise, dust, or greenhouse gas emissions, along with minimal visual disturbance. In addition, it also lowers capital and operating costs while creating a safer environment for mine workers.
Too bad not all mines can operate without moving a rock.
Started: moneymetal, 24 May 2024 13:13
Last post: moneymetal, 24 May 2024 13:13
Look at the May investor presentation if you have not seen
https://cobraplc.com/wp-content/uploads/2024/05/May-24-Cobra-Resources_Final-FULL.pdf
Slide 19
WHAT IS THE INVESTMENT OPPORTUNITY?
Case Study: Meteoric Resources (ASX:MEI) – Caldeira Project, Brazil From A$22M To A$480M Market Value
Started: moneymetal, 23 May 2024 08:11
Last post: HonestTom, 23 May 2024 18:39
Thanks for your efforts moneymetal, Like Lordchaos said, it also aligns with what was said at the Q&A. I look forward to the results and the reanalysis.
Thanks, MoneyMetal. This perfectly aligns with what I heard at the shareholder's meeting. It's interesting that he said the bench test was six days in because that's what he told me on Friday. But it's good to hear that things are progressing very well and very quickly, which is great news. Perhaps we will get an early RNS on this for a change. And on that note, where are those Boland Stage 2 re-analysis results!
Thanks moneymetal, was it well attended?
As for finance, they are funded to the end of the year and could look to monetise the gold asset if required, it has been something they appear to be thinking about.. There is good news flow planned and the environmental study is already ongoing as they need 12-18 months of data but by end of year this could be a very different looking company.
Rupert showed a chart of Meteoric Resources (ASX: MEI) which went from A$22M to A$480M as they advanced the Caldeira Deposit in Brazil through acquisition, confirmation of ionic leach REES and metalurgy studies. So Cobra has huge potential ahead especially when it could be producing (hypothetical target) 5000t per annum in a shorter timeframe than all other hard rock deposits and aiming for $50/kg profit. It looks like this is what they would be aiming for with a scoping study but that all makes sense given the scale of the project and testwork to date.
Overall, will keep topping up on this and added another 100k shares this morning as it could be a strong winner this year. DYOR. I am just sharing what I heard with my dodgy memory from the presentation.
They have a 140 sq km area of potential mineralisation backed by geophysics and validated by drilling to date within the much larger licence area. The key requirements are grade, scale and potential for ISR and Rupert is sure they have it all. They could be the lowest cost producer outside of China with 10-15% of the OPEX of a hard rock miner. The beauty of ISR also is that it is quicker to permit especially as the ground water is already a brine and useless for agriculture and it is low Capex.
Farmers love the idea of ISR as they can continue farming around the area with the wells and once the ISR injection and recovery wells are finished the land is returned immediately to agricultural with no landform changes. The subsurface brine already there is of no use to anyone so there are no negatives as long as the brine does not escape to surface which is unlikely and the farmers will be able to get some income from the drill holes on their land. Positive community relations were mentioned as you would expect of a professional company.
Started: Ninja900, 23 May 2024 12:19
Last post: Ninja900, 23 May 2024 12:19
My 50000 buy shown as sell. Again
Started: KuroMaou, 21 May 2024 20:13
Last post: LordChaos, 21 May 2024 20:54
Why is a trade from yesterday only just showing up today?
Well that’s an interesting 37k trade from yesterday….we must be due a bounce up soon. Glad to see we are hovering above the 1p mark. Maybe we will get back to 2p :o!!!
Started: Michaelfleming, 20 May 2024 17:02
Last post: moneymetal, 21 May 2024 10:32
Something must be brewing...decent volume yesterday and more buys today.
Rupert giving a presentation tomorrow at the Mellow event in London, will it be the awakening of the herd for a week of blue...one can dream a bit longer as I am long on this one but it would be good to see more volume and marketing
Boland Re-Assays are imminent now. You might even get some unexpected Uranium hits, too!
Fingers crossed for another blue day.
The blue
Started: moneymetal, 20 May 2024 11:35
Last post: moneymetal, 20 May 2024 11:35
I see that Cobra is on the schedule for Mello presentation. Good to see them promoting the Company. Really undervalued and expecting a good rise as the small cap markets improve this year
https://melloevents.com/wp-content/uploads/2024/05/Schedule-v4.pdf
Started: Mav1967, 20 May 2024 10:12
Last post: Mav1967, 20 May 2024 11:23
Yes just come through I saw.
I think if COB can push through to hit their 2p target then it should be a good run afterwards.
The other penny stock that I also feel has potential that others may hold is KAV. I started buying at 0.7p and bought again at 1.3p. May be worth a watch.
Im hoping for the heady days when I bought 10m shares in GGP for 0.20p (and was pretty much the only person in the share chat room) but I dont think that will be repeated.
Good luck to all.
Well showed up as a Buy just a late listing xD
Buy 764,944.0000 £9,999.99
Well I just bought these 25mins ago and they are not showing up yet. So lets see if they show as a sell or a buy.
Mav
Started: Michaelfleming, 20 May 2024 09:43
Last post: Michaelfleming, 20 May 2024 09:43
Sells than buys, but 8% rise mmmmmm
Started: Michaelfleming, 20 May 2024 07:13
Last post: bitcoinbuyer, 20 May 2024 07:43
Just had a catch up on the posts and meeting comments..
Fantastic project with incredible upside for investors...
Might have to find a little more money to invest here before the penny drops ... and the SP reacts accordingly
ATB
Correct inyour post atb
Started: RichyRich1, 20 May 2024 07:39
Last post: RichyRich1, 20 May 2024 07:39
Morning, does anyone know the total amount of warrants outstanding and at what price?
Thanks in advance.
Started: bitcoinbuyer, 14 May 2024 07:59
Last post: molokai, 19 May 2024 22:07
Thank you very much for your posts about Fridays meeting.
Makes us all feel a bit more comfortable with our holdings when you get a balanced view and feedback from fellow shareholders who met with the company.
Really interesting couple of years ahead of us.
Hello Dartfrog, I believe Rupert was saying that there are over 30 REE companies on the asx but only 2 or 3 on the LSE, so they are not in any hurry to dual list. They were also firm in their belief that it would be very easy to raise money for future mining in London. I also agree with everything Lordchaos has said. David and Rupert feel that we're going to look like a very different company towards the end of the year, very confident.
Thanks for taking the time to update us Lord Chaos and also for asking my questions.
Interesting, so all going to plan we should be producing by mid 2026?
Two years is not a very long time but the world we’ll be living in by then I’d imagine will be a lot different to now.
Pretty confident the demand for rare earths will only increase so fingers crossed Cobra manage to pull off their plan.
Thanks again for the feedback.
I confirm everything LordChaos has said. I would add that Rupert said that he is trying to increase the interest in rare earths, but there are only 2 or 3 miners in Australia, so he is trying to develop the interest. He said that the main producers are Chinese but theirs is held within clays which are expensive to extract compared to ours which should be able to be leached and thus cheaper to extract.
It all sounds very exciting!
Frog
LordChaos, many thanks for your insights.
Started: Michaelfleming, 18 May 2024 19:43
Last post: Michaelfleming, 18 May 2024 19:43
For imput from meeting from all attended Atb
Started: LordChaos, 13 May 2024 16:38
Last post: 5x5Croire, 16 May 2024 10:33
Just had two more nibbles this morning !!!!!!!!! excuse me for being greedy.
A nice Golden Cross to partner the Gold in the ground, holds more cash than debt on its balance sheets, please accept my apologies when i over indulge again.
GOLDEN CROSS - Stock market AI engines begin your investments! Haha.
A positive RNS tomorrow would be perfect to accompany a much-awaited 50/200-day MA golden cross!