Member Info for Adastra

This should quickly rerate back to 3.40+. Far from damaging sentiment this has actually strengthened it. It's a great team that can make a sensible offer and be prepared to back off rather than chase it too high. Spot on. That's a reflection of quality management and why Volex deserves to bounce back quickly. If in doubt, go reread the Half year report from 15th November from Volex - excellent.

All you naysayers who said he was too big to walk away get real. Volex is superbly led and can now rerate to its true value.

Best offer gone......what a lot of Muppets! Glad I took the money off the table here and bought Volex....

Fund managers will drive this through rather than BoD. Makes massive sense to put competent Volex BoD in place to supercharge rapid turnaround. Sooner the better. Fair offer: part of quickly escalating share if price is right and Volex will bounce to £4+ .... win/win

Should start to see a rise soon as the buys start to reflect the relevance of the increase in ISU permeability shown. Ig puts it in a whole new dimension for quick efficient AND cheap recovery of REEs. Right time right place just as China strangles vital supply chain.

Cobra is delighted to announce it has demonstrated exceptional permeability through a second bench scale in situ recovery ("ISR") test from a section of core from its Boland Project.

Permeability is a critical enabler of ISR, and the rates achieved in this test bode well for future productivity

Permeability of mineralisation is a key productivity driver of ISR that can influence critical cost factors such as acid consumption, wellfield design and metal recovery

The second bench scale ISR study achieved the following results:

121 pore volumes per day or 24.3 metres per day at 5.5 bar pressure

43 pore volumes per day or 8.6 metres per day at 2.5 bar pressure

****As a result, the ISR bench scale study has been completed in only 24 hours, compared to the 150 days of the first study***

To me, the huge increase in permeability between the first and second bench tests is the trigger that is slowly sinking in as it makes ISR significant and highly relevant. Uranium miners adjacent to Cobra are successfully already employing the low cost method. Interest should snowball from here.

With China's clampdown on REM exports the focus must be turning on future supplies. In particular from stable democratic jurisdictions. With its unique and easily extractble REE's being quickly proven up plus adjacent uranium miners using same technology this looks a steal at current MCap. And it has proven gold reserves. Interesting on multiple fronts given previous Alice Creek holders have held and increased their exposure. A predator offering a sensible and sizeable premium could easily appear here and be accepted if the price was right.

Further recovery upside: increased recoveries of 78% Pr, 86% Nd, 86% Dy and 87% Tb using a pH 2.0 lixiviant supported by diagnostic tests across three composite samples

With consistent short-term and long-term news to be generated from our multiple work programmes, we expect to deliver material upside to our valued shareholders

China is the world's leading producer of rare earths, accounting for over 95% of global production:

Dec 4th - China has banned the export of rare but critical earth minerals used in the manufacture of important semiconductors to the United States in the latest move in an ongoing tech war between the two superpowers.

Dec 5th - The Australian government has increased its financial backing for the construction of the country’s first rare earths refinery as it looks to break China’s stranglehold on the critical minerals supply chain

6 December 2024

The Australian Government is investing a further $21 million in Australia’s critical minerals sector to support hundreds of new jobs and help build a Future Made in Australia.

Minister for Resources and Northern Australia Madeleine King has announced grants for five projects that will diversify global supply chains for critical minerals and rare earth elements and help grow processing operations here in Australia.

The grants are expected to create almost 400 new jobs across the successful projects.

Plus the recently funded pivotal benchtest results due this coming week. Could this be the vertical week???

China has just cost the USA $34,000,000,000 every decade after rare mineral decision taken.

Good reason to believe this may be a decent risk/reward share methinks.

From 26th November RNS

Metal recovery results from the second bench scale ISR test which was performed with a pH 2 lixiviant are expected within two weeks. I'm on board now China has cut off mineral supplies...

There's a limit to how far you chase a dog......

Roll on 13th......

There is currently a total disconnect between the sparkling performance and prospects here and the share price demise. ALL caused by the desire to assimilate TT!! Either with or without TT Volex will continue to outperform. Good time to take advantage as the shorter uncross imo.

Nice to see Naked Trader interest here.

Volex has put in an offer for the horrible performer TTG.

It looks a reasonably good fit, though the market didn’t like it so much.

It does mean Volex having a much bigger debt and shares have fallen quite a bit.

Whether it goes through or not is not certain yet a lot has come off Volex’s share price (30pc from highs) and it looks like a decent time to pick some up

Precisely..... let's get motoring above 300p instead of poddling around with zillions of holdings RNSs...zzzzzz!

This is a win-win offer for both companies. Economies of scale plus impressive Volex management gives TT holders the perfect escape route and means to get increasing share value. Perfect cutting edge enlarged group, just need the stubborn ineffective TT board to engage and capitulate to a one time decent offer. Any counterbid is a pipe dream.

Win-Win in these turbulent times. Combo would be a critical mass at cutting edge of UK business. Fair price for all to be part of a much better run company with impressive growth record. TT should engage and accept as being part of the enlarged group would really accelerate shares. BoD are probably scared that their inability and inaction has led to the poor share price and hence the bid. Capitulate and embrace a bigger better run future.

Ironically, the current big dip could easily lure a predator for Volex itself! It's a super fit into quite a few suitors and would certainly turn the tables here :))