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Positive signal!

GLA

Https://www.bbc.co.uk/news/articles/c30mjedjzgpo

“With the metallurgy programme already providing confidence in the cost and environmental profile of Boland via in situ recovery, Cobra may have one of the most desirable deposits outside of China.”

Them be fighting words! Keep up the good work Rupert and team!

- EP

“Faudrait croire en COBR”, you could say!

Interesting read, thank you

In the meantime, for those of us in the know and if you can, fill your boots and stock those ISA’s.

Otherwise, hold for gold (and REE’s)!

GLA and enjoy the sunshine

- EP

Video summary available also:

https://investors.cobraplc.com/announcements/6808997?fromLink=true&

All very positive!

Depends what your end game and how patient you can be, which is different for every individual.

Having been sat with Summit since 2012, it was only in September 2024 that I was finally able to derisk my investment.

As such, I can now ride this to wherever it may end up. To be clear, that is not an attempt to show off; instead, just a context for my own approach, as per the below.

My first personal target will be the hopeful success in the P3 tests that lead to commercialisation, although I am unfamiliar with the strategy of the company at this point: do it themselves, license it out, a takeover ... ?

The bump in SP value came from the Keytruda comparison in lung cancer treatment; however the company is also pursuing up to 3 other cancer treatment targets, if memory serves, each with its own challenges and own respective market value multiplier.

I would hope that this operational update (https://www.smmttx.com/pressrelease/https-www-smmttx-com-wp-content-uploads-2025-02-2025_pr_0218_announcement-of-q4-and-ye-2024-earnings-call-_-final-pdf/) might provide updated timelines as to what this P3 roadmap might look like, the stance of the FDA with regard to the SMMT approach, and whether the new government will impede or accelerate this further.

And so in answer to your question: there may well be market important news that shifts the price but for me THE target remains the anticipated successful P3 results and next steps thereafter. But each to their own, adapt your strategy to your own risk appetite, DYOR, etc etc.

Yep, made for really fun reading …

Can this be recorded then as a loss against any non tax wrapped gains in the future?

Or is this a niche case of tough luck?

Thanks

Offtake: “ An agreement commonly entered into in both the mining and the oil and gas context. Under an offtake agreement, a buyer (the off-taker) agrees to buy all or a substantial portion of a resource producer's future output (for example, minerals) from the seller's project”.

Very positive RNS, well done Rupert et al.

Very commercial heavy in terms of comparison with the market. Setting up for this “offtake”.

I wonder if their approach will be a sort of JV or whether they are looking to fully offload.

GLA - EP

There is that I suppose … thanks for the reply

Https://www.fticonsulting.com/-/media/files/apac-files/creditors-portal/cip-public/calidus-resources-group/7-january-2025---orders-of-justice-cobby.pdf

Hi all - see above.

What are the implications therefore to anyone that were holding CALIDUS shares - I am correct in understanding these now cease to exist and that our holdings are now void?

- EP

Https://www.reuters.com/business/healthcare-pharmaceuticals/merck-discontinues-development-2-cancer-drugs-after-trial-failures-2024-12-16/

Do not let us down now SMMT :-D …

A little flurry of buys: 3x500k in quick fire. Not mine, to be clear. Wonder what this webinar might pop out in terms of info ..

As per above, and with 26p having just been paid for 50k of shares, may I dare ask … is something in the water?

- EP

Good points made, thank you.

In terms of SP, I would expect that once an economic value is placed on the potential reserve, this will drive the price up and keep it there for the foreseeable until at least a plan of action is announced for how to go about extracting it; rather than have the price stick around current levels. Just my opinion though

- EP

That's exactly the kind of sense and mature reasoning I was looking for. Appreciate it, thank you!

- EP

Ha! Who wouldn’t ?!

On a more serious note … whilst nothing in life is guaranteed except taxes and death, what other risks remain here in terms of this investment … as it feels like we are now simply waiting for what is otherwise “already known” to be officially confirmed and an action plan released on how the company will go about extracting it.

Not that I want to jinx it, but what might yet go wrong (within the reasonable measure of scenarios) that could jeopardise the expected positive news and SP rise?

Just wondering as to whether I try and convince my partner to throw in the kitchen sink here; or stick with our already decent position.

Appreciate any insight

- EP

Assuming the $ is USD, so currently about £300M … which is circa 40p based on current no. of shares.

Just a small 32 fold increase from current levels, nothing to see here! ;-)

- EP

I don’t disagree with any of that!

But for the sake of my own clarity and understanding, whilst this is not the team that we invested in (or received shares against as part of being invested in Ferrex / Keras), the shares themselves are still valid and in existence, yes?

This is what confused me about the comment “reborn without our shares”.

Even if the company is currently not operating on the market whilst it has a rebirth of sorts …

Apologies if I have misinterpreted something! I had a very interrupted night of sleep.

Thanks

- EP