The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I looked into next-chem, thinking of buying their shares directly, but their market cap is $298m. Okay, they also have the potential for radio-active ion extraction, other metals, desalination etc. But they're reliant on the lithium test working at scale, as all of the potential markets use the same process. I'd like it more if DH had a 50% stake in the entire usage package, but if the lithium extraction works then I see pencils sharpening
I think that Rupert attending the 121 mining conference sent out the wrong message, that Cobr are seeking funding. And any funding is for preferred clients, instead of us shareholders.
His timescale has also been bad on several occasions, and some questions need answers, such as, is he going to update the gold jorc? Why did he wait to submit accounts to Andromeda? Are Andromeda paying their percentage?
He also needs to be more savvy at spending the drill money, as I wrote before, he needs to chase the gold veins instead of stepping out too far.
The licence areas are very big and it is a slight disadvantage for a small cap company, but following veins can boost projects.
My final moan is that the UK market is unfit for purpose and he'd be better off dual listing, as at least the Aussies understand mining better.
Let's hope that the ree results are good.
All I found is a map of the Palaochannels in the wudinna area on page 7 of this document. I also read some interesting stuff on in-situ mining
https://www.asx.com.au/asxpdf/20111027/pdf/4222l4s9b54s6v.pdf
Just looked and the licence areas that Adelaide Resources and Quasar Resources were significantly different to the Cobra licences, as page 6 of this shows.
https://www.asx.com.au/asxpdf/20090730/pdf/31jtj3qtbhfqdz.pdf
I googled Corrobinnie Paleochannel and it links to two companies that drilled for uranium, Adelaide Resources and Quasar Resources. When I tracked Adelaide Resources it changed to Andromeda. The Corrobinnie Paleochannel is in the 75% tenement. Now someone needs to find out what the results from the drilling rounds were.
Is anyone going to today's meeting?
If I was as successful as you, I'd spend my days sitting in a bath of champagne with a big straw, not knocking companies that you claim to have endowed with your genius.
As for Rupert, so far he's messed up the past two drilling rounds, but that doesn't account for the impeding results.
I think that the licence area is so big that he's trying to expand too quickly. Hole cbrc0070 was on the money, but where did the other two holes that were drilled at White Tank go, who knows? I think that he's stepping out too far, and he needs to chase the veins because all of the gold areas need to be infilled anyway.
He also hasn't updated the jorc, which is a beef.
Ken, you boasted that you brought Wudinna to Cobr.... Errr where did you bring it from?? Andromeda.... that's who, so sue me for joining the dots.
No. There seems to be a concerted effort to bash the stock by Ken Watson, who is connected to Andromeda, with Rupert failing to deliver. I feel like there's an active campaign to bash the stock so that Andromeda can get the licence back at a cut down cost. This is my opinion.
Ken
Ken,
As you might know, Mei, has a market cap of over £130m and Cobr has a market cap of £7m and so it's difficult to compare. The grades and tonnage at Caldeira are massive, but Cobra has the chance to grow to this, depending on the results for Boland and Bradman and the Palaeo-drainage system.
The bonus here is that there has been a lot of drilling since the last gold jorc, and if Rupert ever gets around to updating the jorc then there are some big grades from previous drilling rounds to go into it.
Because the results point to TB using clns to fund the company, which will mean a share issue. Only I'm not sure that he can as although he's given away his interest in Free Association Books, his wife and kids hold the shares and so its a concert party holding 28.9%. If he's selling ahead of paying for the clns I don't see that he can get away with that.
They need to show that they have enough money for the near future, if not then I'd hope that TB will give a loan to the company, such as 500k at 8% for one year, as I feel that this would work for all of the shareholders, and keep TB at his pecentage.
Something's going wrong here, it could be a spreadbetters getting stopped out (I'd personally like to see spreadbetting banned as it distorts the market), or someone's had enough. The main problem is the lax rules on the London market as if this was Aus listed then RV would have had to disclosed whether or when they went over 75% expenditure.
Anyone want to count our shares over the weekend, and pool them and work as a concert party?
So Jennings has the spreadbet with spreadex, which explains that holding
Quick calculation based on Agricore's figures:
BSE 307k per annum at 4% = 15.88k of minerals per year
KZG 72K per annum at 50% = 36k of minerals per year
Which is over 125% more mineral
Even though the test is to be used in an emergency setting, it will also be used to gain genetic knowledge of a person in the event that they have a future emergency. Therefore I expect all births to undergo the test at an early age.
Genedive
TW v Zak Mir and share talk, which tipped it as a buy (As an aficionado of downtrodden penny gold stocks, Caracal Gold (LON: GCAT) shares leap out as a long-term portfolio opportunity for 2023). What could possibly go wrong??