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Agreed and very encouraged by the Hannam Equity Research Report , it is thorough and gives an excellent price target with a lot of upside yet is conservative in its figures.

It will be a transformational next 6 months, hopefully hitting the double digits by end of year.

A positive release: to someone who has not followed this it might look like an average set of results but all the signs are very positive and Cobra is getting on with the work diligently and on track to announce a lowest cost quartile ISR REE project with significant scale.

Preliminary results from 14 drillholes out of a total of 74 drillholes at Boland and Head Prospects announced.

The preliminary results are from Boland prospect, 14 drillholes including a standout 7.2m at 1,751 ppm TREO in hole CBSC0018

Further results expected across the next 6-8 weeks.

A total of 42 drillholes were completed across the Head prospect, where a strongly reduced ISR recoverable channel has been defined! Therefore I suspect they are expecting some good assays from this.

Lots of other data gathering in progress:

Particle sizing distribution is being performed to calculate permeability.

Samples are being analysed for Total Organic Carbon ("TOC") and total sulphide content to model the ability to organically generate sulphuric acid in the deposit.

Additional metallurgical analyses will be performed on samples from the Head prospect to support economic assessment.

Onwards and upwards for the Cobra.

Yes very exciting, I have been checking for news every morning at 7am expecting it. And REE project transactions are making some headlines these days.

It will be good to see this stay above 5p and move upwards.

Excellent appointment and no doubt Andrew Michelmore’s appointment will put Cobra in front of some very big players. Onwards and upwards.

The greatest uncertainty has been Trump so perhaps they were reviewing the data and results to write the RNS until timing was a little better.. Now that there is a ceasefire it would be good to get the results out asap, the market might take notice. If there are overlimit assays for gold and copper that could also knock back the issue of the final assay certificate by 4-5 days or perhaps the lab was not content with their own QAQC and wanted to check a few results again. These things happen quite often. Tomorrow perhaps, hopefully the Cobra will strike hard :)

Your maths may be right but the Rubidium mineral is unknown, I can say that most of it is probably locked in the crystal structure of a feldspar (where it normally resides) which will not be easy to recover so it will require a strong leach (probably acid) and some other complex chemical flowsheet to recover it. That is why it is $1,000 /Kg!

It will be a different process to recovering precious metals so lets see what they say in the future about Rb and Sr...nice headline but no info to really substantiate any value yet.

Yes I think an ASX listing will not be helpful. The value is in advancing the projects to resource estimates and scoping studies and showing that there is real value here. Locking in an off-take agreement for REEs and delivering a high-value low-cost copper project to the market will move this upwards. It was building nicely until Trump and his war derailed the progress but a good time to buy and let the management get on with the job that they have been doing well and consistently progressing the projects.

That is a good article, I hope it brings a few new investors in. I like Rupert's ambitious vision to position Cobra as "the Kazatomprom of the rare earth industry" by redefining floor production costs through ISR technology.

You are probably right Rusty James, It would be good to know how much cash is left for a deal, it has probably moved from EGTs account into Cathal's pocket via rents and management charges by his Raglan Capital but he has done nothing with EGT., just a chancer full of BS and the nomads are letting him away with it.

Google was saying the share price was up 7% just a while ago, now it is down 5%...

Oh well just have to wait another little while before it smashes through 5p

And we have 5p paid again in the first week of 2026, hopefully the start of the next leg up to 7p.

RNS must be imminent.

With a new record copper price and imminent announcement of drilling on a fantastic copper asset at Blue Rose I think we will have a good 2026.

The FT is reporting that 'Copper soared to a record high of more than $13,000 per tonne on Tuesday, as concerns over supply disruption and tariffs extended a rally@..

Go the Cobra!

I tried to get a quote for 100,000 and then 50,000 shares but no quote available, I have to call the broker to buy. I think a large buyer has stepped in and we might see some big trades by end of day.

I also added a small amount of 15,000 shares to my Cobra holdings yesterday, great news and positive update. Also holding Jan which is up 100% from where I got in. One day Cobra will be worth multiples, very optimistic for 2026 with all the drilling that is planned.

The recent Surge in Yttrium Pricing has led to Rainbow Rare Earths to make an announcement today. Lots of recent news supportive of the REE sector which will hopefully give Cobra a boost.

European yttrium prices surged +3,000% due to market shortages further to the April 2025 Chinese export controls

Yttrium is used in the aerospace, energy and semi-conductor industries and is critical to certain defence applications

https://www.londonstockexchange.com/news-article/RBW/yttrium-price-surge-improves-phalaborwa-economics/17340166

"According to data from Argus Media Ltd, the price of yttrium oxide 99.999% Cost, Insurance, Freight ("CIF") Europe started the year at ca. US$6/kg but it has risen to current levels of between US$220/kg to US$320/kg (the large spread is due to differing pricing contracts). This surge in pricing is due to the issues around export of the metal from China further to the imposition of export controls in April which have led to major supply chain disruption and shortages in the market."

Looking at REE news this morning there is a lot going on from supply disruption to smart money rotating out of Lithium into REEs, all signs that are supportive of REEs in general.

Malaysia suspends rare earth, tin mining operations after river water turns blue - Initial investigations found discharges at the rare earths mining site, operated by MCRE Resources.

Mining billionaire Gina Rinehart has slashed her portfolio of lithium investments as she continues to bet big on rare earths.

Gina Rinehart, Australia’s richest person, has become the biggest shareholder in US rare earths producer MP Materials Corp., boosting her global bet on strategic minerals.

China’s rare earth magnet exports in October fell 5.2% from a month earlier, customs data showed on Thursday, down for a second month, but shipments to the United States surged to a nine-month high.

Well done to Rupert and the team, again they continue to deliver positive meaningful progress, adding value and derisking with every announcement.

While the lack of market appreciation for the potential here is frustrating I sleep soundly knowing that they are on track and will make a very good return, likely multiples from here. Onwards and upwards steadily..

It is crazy that the most important news that derisks the Boland project has not resulted in any meaningful price action or volume this week.

Field tests have given proof of concept that in-situ recovery of the REEs by ISR mining will work and yet the market doesn't care or else not enough people understand it.

Maybe the copper project will bring in the investors when they make some announcements on that. It wouldn't help to update the website too..

As of noon Friday Bloomberg reports that China and US Yet to Agree Rare-Earth Deal Weeks After Talks

https://www.msn.com/en-us/money/markets/china-and-us-still-to-agree-on-rare-earth-deal-weeks-after-talks/ar-AA1QqCWg?ocid=BingNewsSerp

The deal is 'far from done'. It just shows that China may not be willing or able to free up more supplies of REEs for export or is unwilling to do so.

Hopefully the Cobra will strike soon with news of its current field tests and positive results.

I found some interesting REE articles and news on this website (The Rare Earth Observer) including one below from Nov 12th:

Thought this may be of interest to some investors:

https://treo.substack.com/p/mofcom-no-62-affects-la-ce-ndpr-american

Despite the recent announcement of a deal between China and US on REEs, it is just a temporary roll back of the October announcement.

"The relevant regulations we covered in our post of 9 October 2025. This also means that the 4 April 2025 dual-use license restrictions remain in force, concerning the 7 rare earth elements most relevant to US defense."

The implementation of the rule is suspended for one year until Nov 2026, subsequent to China-US trade negotiation results.

"We were mistaken in our assessment that the regulation would not apply to lanthanum, cerium, neodymium, praseodymium and NdPr.

The regulation under Announcement No. 62 reportedly was applied after the announcement date, although its implementation at the time of announcement had been deferred for a month."

"We completely fail in understanding why this is celebrated as a great win when it isn’t, with headlines like China suspends export ban on some rare earth metals to U.S.

A draconian dual-use license regime remains in place. Consequently, same as in rare earths, alternative supplies are the order of the day, because no-one can wait for some bureaucrats in Beijing making up their minds if or not to license the export of every single shipment."