Member Info for EdinburghInvesto

Lots of buys at 4.59p today and my 2 limit order buys submitted on Interactive Investor at 4.6p and 4.65p go unfilled.

Yes I’m on my way

And we also got the Boland Drilling Confirmation

"Resource definition drilling was completed at the Boland and Head rare earth prospects in April 2026, with results expected over the coming months."

Confirmed — Boland and Head drilling completed in April 2026. The MRE timeline is intact. Results coming in June.

The MREC Product Quality — Industry Leading

The annual results contain the most comprehensive summary yet of the MREC achievement:

Initial MREC (January 2025): 62.4% TREO, 14.5% HREO

Optimised MREC (March 2026): 42.94% HREO, 38.9% magnet REE, <0.9% impurities

Cerium removal: up to 100% of low-value cerium removed

Value increase: ~170% product value improvement from first to optimised MREC

The annual results also confirm: "Pump tests proved that the hydrological properties of the Boland aquifer are a world-first, supporting the commerciality of Cobra's future mining operations."

Industry Leading and World-first is strong language!

The Annual results are out https://investors.cobraplc.com/announcements/7517274

Contains Significant new information:

The Diamond Drilling Programme — Confirmed Scale

"The requisite approvals have been received in respect of a planned further programme comprising 29 RC drillholes and three diamond drillholes at Blue Rose. Cobra also intends to expand the initial focus beyond Blue Rose to test the greater porphyry system as well as the Netley Hill, Anabama and Golden Sophia targets."

Three diamond holes — not one. This is far more significant.

Three diamond holes can:

Test the porphyry system at multiple orientations

Confirm lateral extent as well as depth

Provide the data package needed for a maiden resource estimate on the porphyry

Additionally — Netley Hill, Anabama and Golden Sophia are named for the first time as targets beyond Blue Rose. This tells you Cobra sees this as a district-scale porphyry province not a single deposit.

Just submitted a Bed & ISA on interactive investor. Expect 425,531 shares to sell and then rebuy - hopefully at the same price!

I think we might need to wait for the 5th test (cricket) to finish before we get the next RNS.

Induced Polarization (IP) survey starts November 30 to December 3 refining the porphyry-skarn envelope (>280m strike) and targeting deeper extensions.

Reverse Circulation (RC) drilling of up to 50 holes (2,500m total) across Blue Rose, with 50m spacing. Focus: step-out holes for strike extensions and infill for a maiden resource. Mobilization follows IP results; drilling expected to wrap by late December.

Or better described as: “Grabbing the Tiger by the tail”

The line I liked most from today’s RNS was “moving forwards at pace” towards the MRE for heavy rare earths at Boland and the additional tenements.

Yay - the warrants are behind us.

Great Article:- The Australian government is exploring multiple approaches to support its rare earth sector through this strategic fund, including:

Implementation of price floor guarantees for Australian rare earth producers, providing stability in historically volatile markets

Government-backed loans to support project development and expansion, addressing the high capital costs associated with rare earth mining and processing

Offtake agreements to ensure market stability for producers, potentially following models used in other commodity sectors

Direct investment in strategic Australian rare earth mining and processing projects to accelerate development timelines

These mechanisms build upon Australia's existing Critical Minerals Strategy 2023-2030, which had already allocated A$566 million to support critical minerals development, including A$200 million specifically for the Critical Minerals Development Program.

Has anybody got a link to the presentation that was given at the Mayfair Q&A session?

Unfortunately I am based in Edinburg and unable to travel to London on Thursday for the Q&A, but I am really looking forwards to hearing what you guys have to say about it afterwards. If you get a chance please ask about the capex that will be needed to bring Boland into production and how they intend to raise that capital? Also ask about any offtake agreements or JVs that they are considering. They might not be able to answer these questions because they can only talk about what's in the public domain - but keen to see their responses. Also please ask them about the risks that COBR faces over the next few months and years.

ISR works for Uranium miners in South Australia. I am no expert, but why wouldn't it work for heavy rare earths? Anybody an ISR expert or geologist out there who can explain the difference?

Hi LordChaos, Thanks for the analysis. I am intrigued by your final comment "Peak of 2nd Lassonde curve, sell at 1st peak @ 75% = 20p"

If COBR is going to raise $216M per yea in profit then why sell @20p?

Why not hang on and collect all the dividends?

I reckon some people had automatic stop losses set at 5p and these have triggered. We need to watch out for stop loss cascades where lots of people have stop loss orders set to automatically trigger at 5p, then others at 4.9p and others at 4.8p etc. COBR is thinly traded so a few orders can cause a cascade like this.

I considered trimming as a risk reduction exercise now that the price is above 5p, but then I reconsidered.

The way I see it we have 2 fantastic prospects in play with the rare earths and the copper. Either of these could easily push the market cap to 350M or a lot higher if both come good. The risk that both projects are not profitable is incredibly small, so I have decided I don’t need to trim. There is effectively no risk of the share price dropping from here for any meaningful period of time. We will inevitably get the occasional pull back when traders take profits, but they will be short lived and the price will quickly rise as the news flows through with positive news on both projects.

I am just reading the RNS news announcement and watching Rupert’s video on the option to drill Copper at a location that has been long sought after by David Clarke. Now that the option hs finally come up it looks too good to miss out on. Well done to David for pushing for this option and adding it to Cobra’s projects. We now effective’s have shares in 2 projects - rare earths and copper, with potentially huge upsides in both projects.

This diversification further de-risks shareholders because now even if one project hits a roadblock such as an unexpected technical/legal challenge then the other project can proceed to provide value.

I hold 1% of Cobra shares and my approach is to hold them for the dividend payouts. I am monitoring the RNS news drops, share price and the chat to check things are going to plan, but I need a long term income stream from dividends more than I need a quick profit by selling now.

The article is behind a paywall. All I could read is the title:

Australia bails out Trafigura smelters as it seeks to secure critical minerals

Please can you give us a summary?

Soon we should start to see results from the historical drilling that took place on the new tenements that Cobra recently acquired:

o Batch 1: 396 assays from 19 drillholes across EL6742 expected in the coming weeks

o Batch 2: 225 samples from 17 drillholes across EL6742 expected at the end of July

o Batch 3: 437 assays from 31 drillholes expected in mid-August

o Batch 4: ~600 samples from 50 drillholes expected in late August