Member Info for Carribean2029

Hi punter and others
To add a little context to my inertia statement earlier.

If you reflect on where we actually are in the journey, it’s fair to say that our current value, let alone our future value are not yet priced in. Bold statement perhaps? Well think on this.

Ggp, for example, whom we are often compared to did not take off until they had had a series of drill results through December 19 and January 20, culminating in further outstanding results from firetower. This was already when newcrest were tagged in from mid ‘19 if memory serves me well.
Ggp was pretty much stagnant even after newcrest arrived as the momentum had not developed immediately. Take a look at Ggp charts and overlay the RNS feeds. It’s all there for hindsight to claim credit.

We KNOW we are onto a winner here. The silver and copper scattered through also tells us that this is present in more than trace samples. They’re quite substantial grades and indicate an IOCG nearby. How near, well let’s hope and pray (just for some seriously thick icing on an already beautiful cake) that it’s in our licence area. Seems pretty reasonable to assume this, given the size of the grades of silver and copper and the fact that we have a pretty big tenement area.

Inertia. It’ll keep affecting us throughout the early stages of the journey, and to re-iterate we are early, but our model and pathfinder approach is the ‘slow, steady and cost effective steps” that will ultimately win the race.

My job now is to take advantage of any further dips, hold firm for 8 years and 16 days and enjoy the soon to be rollercoaster.

Caribs

Hi Punter,
Cobr is still quite young in listing terms. Being main market at this mcap does mean it may not be taken seriously either. Also cynicism can be a tough inertia to crack - when something looks too good to be true, we are conditioned to not believe it. I also believe that the current volatility has seen DT’s enter and leave allowing the price to escalate and for the MM’s to take full advantage. As time progresses, and we’ve seen some of this over the past month, the number of sticky hands will continue to grow, reducing liquidity at lower sp levels; this will become more prevalent as our drill program continues to deliver outstanding results.
This all suits me; I have slowly built a nice position here, and if it remains at these levels, I, amongst others here, will continue to accumulate, further reducing liquidity.
It’ll come with time. We are still only 12 months into our listing and less than 6 months into the drilling. It’ll all happen pretty quickly when it does and it’ll be the patient and the tenacious that benefit, ultimately. But until then, we patient folk will have to remain just off the radar.....
Caribs

Yes. Great work Dan.
Nicely spotted ST and thanks for your contributions
Caribs

Hi Leep
Gold. It ain’t really native to the native planet we call Earth. Most gold arrived on earth roughly around 200million years and 6 days ago in a series of meteor showers. Getting through the atmosphere would have dealt a blow to some of the large chunks. And ended up breaking them into smaller fragments called nuggets.
Anyway, as you can imagine, when an asteroid of IOCG breaks up, and it hits this ole planet at a pace, the gold can end up chunked into a tidy spot, like an IOCG deposit, or can hit at an angle that smashes it all over the place. Anyway, over time, (200million years) this little nugget and his mates get covered by soil, silt, sand, and form sedimentary rocks per se, (dumbing this down for myself, not you). Hitting the planet at pace can mean it’s spread every which way but loose, (classic 80’s Eastwood) and covered by planetary tectonics and erosion etc.
Upshot is that gold can be found in veins, pockets, belting big nuggets or multi- grains, dependent on its arrival trajectory, speed, landing etcetera.
I hope my gcse knowledge of geology (that was done digging out of the grey silted channels of my mind) helps.
I’m digging deep over next two weeks and have revised our mandate to remain overweight here. ;-))

Evening AO
Nice, succinct and to the point.
It’s a shoe-in for a million, and that’s already pretty clear; just needs the models to say this. I’ve no doubt CM will be on this.
On days like yesterday and then followed by today, I’m undeterred about this. Strangely more convicted than I was Wednesday. I’ll see what trek throws up this weekend and add to it, where appropriate, but I know he’ll be hard pushed to find significant risks that aren’t already mitigated.
Thanks for posting the link.
Caribs

Oh Trek,
That’s tragic. I’m so on your wavelength. Round 1000’s are key for me to be happy. I shudder at the thought of an odd one

Hi AO,
One has to also look at the shares in issue. We have less than 10% of shares in issue to GGP. If they only had 380m rather than 3.8bn, then they’d be at £2.70 and not 27p; but obviously raises do dilute and we’re set for a dilution of a further 30% at some stage. But that’ll just bring in cash for stage 2-3 earn in at 75% so is also value accretive rather than just flushing through.
I’m basing my assumptions on the fact that we will be a producer, as given by CM yesterday, so I appreciate Dan’s expert opinion, but I’m on the upside end of long term values. After all, I’m not here for today or tomorrow.....

I’ll only add that Dan may have undercooked the 50p sp by an order of magnitude if we have 5m ozs....

Hi Dibs,
I want to share your frustration, and to some degree, I get where you’re coming from. Dan raises a really apt point, however, and the weaker hands that help cause the price to rise, will inevitably be the ones releasing them when stratospheric rises aren’t happening everyday. Plus the MMs want and need to take this down when they need to get shares to fulfill the sells they made.
I’m going to take a look over the next couple of weeks at trimming some edges off my other holdings, as and when appropriate. This trimmings have been allocated to picking up our holding to 3.2m, reflecting 1% at current issue. My fellow trustee has also hinted at chucking more cash in, though I’m reluctant to do that yet as I want to preserve some cash for flash opportunities as they arise.
The fact is that this is still January and we’ve got a whole year of news to come, and an additional round of drilling, even after this 3090m is finished.
As frustrating as it feels, we can’t appreciate champagne without having drunk babycham.
Hang in there bud
Caribs

Hi Joe666
Your standard size wind turbine requires about 650kg of ndpr magnet, whereas the Halide-x requires 7 tonnes of magnet.
The bmw i3 uses about 1 kg in its motor. The Nissan Leaf about 2kg
Hope this helps your thinking

Hi Michael
Call me cynical, but I did say this morning that MM’s may try and get hold of shares.
Some of these trades may be attempts to test stop loss triggers. How else are they going to get shares? Certainly not from sticky hands whom have a significant target of many magnitudes from here.
Hope you’re well?
Caribs

Cheers Dan,
I knew you were still here....

And by the looks of it, they’re on the hunt for your shares....
DTM, you heard/know anything?

I’d not listened to this before.
Can’t believe I missed it; but always nice to be reminded if you’ve heard it before

https://vimeo.com/486866901

Caribs

Always helpful to be reminded of the investment case here

https://m.youtube.com/watch?v=VA3M8ijRGCg

A good appraisal of the business; it was what made me decide to invest back then. I’m still holding what I bought and have topped up since.
Holding

Morning Pimnappa
Welcome to the board.
I didn’t really follow wsbn, so can’t honestly confirm your thoughts.
Nonetheless, if you’re looking for an early stage developer, as confirmed by CM’s comments in an interview yesterday, where you can buy and hold, then you ought not be disappointed over the cycle of this year and well into the future.
I think it was over-bought yesterday, so there’s going to be some MM pressure to fulfill those trades.
I certainly won’t, under any circumstance, be letting them have my shares to fulfill their obligations. And there’s plenty on here who’ve suffered the ups and downs and come out the other side with renewed respect for Cobr. I doubt they will be letting go now, seeing as the grades of gold, silver and even copper are hinting at a bigger opportunity. All of which is still to be proved-up, of course, but all in time, all in time.
Good luck with your holding
Caribs

Hi Dibs
I think I’d like to hear Trek’s thoughts. To be honest, I have my own swot on every single share I’m in.
I won’t share my performance from last year; I’ll just casually bow to anyone’s figures. We are all different and, as AD says, this makes the market, and I kinda get that.
I am actually going to enjoy reading it from Trek, I think it will bring some balance, and I will definitely learn from others, always.
That said it might be complete b6((ocks, in which case, I’ll rib him incessantly.

Trek,
I nearly replied to island girl with the sign off “enjoy riding the snake”, but having read it, realised it was quite inappropriate....but now having learned HE is from Mull, I wish I’d gone with my instincts! ;-))

Oh Richy! Is that a ramp? ;-))
You’re right though. He’s got a little smirk on one side of his mouth like the ‘cat has got the cream’ look....he thinks he knows something, and he can’t wait to show what a clever little cat he is.
Bloody outstanding life changing stuff IF one comes off, but still outstanding if it doesn’t, given where we are now.
Presumably you had a happy day Rich?

That old chestnut eh island girl....?

AO. Feel free. I think, given where we are, that anything that can help people understand what they’re taking on is only going to allow me to do my day job without having to answer some of the basics. It’s not that I don’t want to be helpful, but I think an accurate précis or exec summary can do much more to bring people up to date quickly and help them understand the nuances of Wudinna.

I’ll dig out some of the older, but useful presentations on pathfinder and link them below:

https://w32.3eb.myftpupload.com/wp-content/uploads/2020/08/Cobra-Resources-plc-web.pdf
Presentation from April 2020.

Take care all
Caribs