RE: Re meeting today26 May 2022 08:25
It was a very useful informative meeting yesterday. Firstly is was really good to meet Tom from here.
CEO Rupert Verco is very personable and clearly on top of his brief. I thought the presentation was exceptionally technical, perhaps too much so, but nothing wrong with that if it's to demonstrate how good our prospects are.
There was significant weight given to rare earths. I do feel that given time, we have the opportunity to turn this company into a much bigger beast. But as with all mining prospects this will take a lot of time. We need patience and in my view it's pointless trying to trade this share. If you believe in Cobra, as I do, then wait for the big pay day. Why not a 100 bagger? Really, this is possible if the stars are aligned and I think that having the rare earth alongside the gold increases that possibility.
I said it would help from an investors' point of view if there was a 5 year strategy plan in place and Rupert said they would do this.
In our world of short-term thinking, Cobra and others like it are always going to struggle to get traction until something comes out of the ground or at least until values are proven...but this will come.
The market cap is so low, and the acreage of the site is so large, and the shallow mining processes required are so relatively inexpensive, that if we wait...we will reap the benefits. What's the Latin proverb? He who endures with patience is a conqueror.
I'm happy to recommend this share but we should all know that it's a marathon not a sprint. Good luck all. Baz
(Barry Laden)
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