Member Info for Jollifant

The bid price in reality is 1.40, up from 1.35 yesterday but the MM's dropped it instead to 1.30.

Not quite back to a penny just yet but will be by the end of the week. That's the level of the placing share. Profit is profit as they say. How to get out of this depressing continuous cycle?

So you saying the sp will be stuck around 1p for the next 3 years? Can well believe that sometimes as any tick up after a good RNS is sold into.

Sad to see the bid back to 1.10, although in reality it is 1.15. How and why do they drop the bid today 0.15 on so little selling? Will this share ever hold it's gains or will it drop back to 1p in between news every time? You can't expect them to release a stellar RNS every week just to keep the sp buoyant.

Would we be then be able to keep our shares in an ISA? Don't fancy paying CGT on the millions we might just make here one day! In any case it's not really down on yesterdays close and all trades are buys this morning.

They are still experimenting and trying to find the sweet spot between acidity and recovery percentage. Initially they stated that 50% was the point of profitability so 82% is obviously outstanding. Gives them plenty of leeway to reduce the acidity level should they wish to.

Now we know who the recent big seller is!

Meanwhile the Director David Clarke keeps buying, A good sign!

For any investors like SwS who want more 'colour' or clarity then go to the Cobr web site and ask. I did yesterday regarding the 41% figure for the ISR bench test. Received the following courteous reply this morning:

'Thanks for your question. Rare Earth Metallurgy is a function of REE recovery, Impurity levels and acid consumption. These results are very positive - for example the level of REEs recovered is 13 times greater than aluminium. A ratio of 2:1 is generally considered very good, we consider our ratios to be excellent.

Based on our very low level of impurities, and very low acid consumption, we are confident of increasing recoveries through optimisation. One such optimisation process being tested is time under leach - this is being carried out by increasing the Bench scale ISR leach. '

A good reference for consideration is Alcara's Penco Module Project where recoveries of ~23% TREO underpin their economics. Lower costs of ISR is expected enable lower recoveries, however we expect to see increases as we advance and increase the scope of metallurgical testing.

Yes there have been quite a few ISA transfers recently including by my reckoning the 2 large trades this afternoon. If you look at the timestamps and the number of shares involved you might conclude that it is a sell of 500k shares and an ISA transfer of 1.7M shares. Nobody would transfer all those shares into an ISA if they were privy to negative information.

Just a coincidence then that the sells stop when the selling price hits 1p? Three times in recent weeks a decent sp increase due to a positive RNS has been followed by some large sells to negate that increase and return the sp to the placing price. Traders unlikely to have been able to accrue so many shares at such a low price as to make a worthwhile profit but there are millions of placing shares at 1p out there.

Just frustrating that after so much positive news recently the sp is where it is.

Engaging discussion but there is something you are missing out as regards the sp and that is the recent placings at 1p. I strongly suspect that the sellers that are pulling the sp back to 1p every time it rises are the those who received the placing shares. Not many, if any, private shareholders would be in profit at 1.05p. Doubt also they would sell for a loss.

It's not a fortune but it's easy money if you received placing shares at 1p, they rarely go into sticky hands and these institutions don't give a monkeys about Cobr and it's potential.

Maybe Rupert should have raised if he could when the sp was much higher as the placing price acts as a line in the sand going forward. Placings are a necessity for small companies like Cobr but they can be a temporary drag on the sp until the profit takers are satisfied.

Well done you almost redeemed yourself. You could have said therefore plenty of news still to come this year. Don't agree that it won't be sp appreciation news but we will see.

Risible post. That's all the news for this year apart from all the news still to come in the next few weeks and months as announced on recent podcasts.

Is mentioning the 'success' of Sirius very wise?

Thanks Molokai, strengthens my belief in COBR also but wasn't sure how it fitted in to the trading laws regarding directors.

Does that mean there is no news on the horizon that may effect the sp?

What good news would move it like this? Has to be something to do with Red Setter surely?

RachT2 your darling RBW raised £4.3M late last year by placing shares and they currently have a similar amount of shares in issue as Cobr. GGP have over 5B shares and they did rather well. How else do you expect junior miners to fund exploration?

Maybe if you continue to talk cobblers then LSE will delete your latest reincarnation as well.

No oil left in Alaska eh? Quite a claim. For balance and fairness shouldn't you also be posting this earth shattering news on the PANR board?