Member Info for nightye1

He bought 1.25 million shares not 1.25 million pounds.. but agree with the sentiment. He's bought a significant amount on the open market, which is a massive green flag for the company

They've stated they have enough cash for the current works so no raise needed until next year earliest. Hopefully the next raise will be at a lot higher price then it is now, so less dilution for shareholders.

All starting to come together now though! Gla

Excellent. Let's get drilling!

Not sure if alliance news has this correct but i dont think cobra has a loss of 382 million for the year unless I'm reading it wrong? Probably won't help people looking to buy in if they read that.

Great rns though, very bullish sentiment coming from senior management, looking forward to the bench scale results and getting the drilling back on to get some hard numbers to back up the words! Then hopefully multi generational mine becomes a reality!(as I'd really like to quit my job) gla

Thanks richy.

Think that's why ISR is the difference maker. If they can recover the metals cheaply with low impurity levels, that makes the mining costs extremely low compared to conventional methods, so even if grades aren't as high as others the profit is still there.

I do agree i would like to see an updated plan on drilling etc hopefully after the bench scale results are released there will be an update on this.

I think after reading all the news and watching the interviews they are past proving isr as a method, i think it's now a case of optimising recoveries versus impurities to hit the sweet spot. Think the real driver for the sp will be when dollar values are put to these numbers, people can then really understand what kind of money will be involved then. In my opinion, that's how I see it anyway.. gla

Thanks mutley.

Would like to see Rupert do an interview with this guy, who understands exactly what cobra are trying to do, think it would be more beneficial and alot more indepth in the detail than most of the other interviews, and it will reach the people who are interested in what cobra are trying to achieve imo

Agreed. Just reaffirms cobras strategy of getting all the metallurgical testing done first, numbers don't lie.

Good find richie. Would be interesting to hear his take on how ISR makes any difference to this process? Obviously this is what cobra is trying to do, to set itself apart from other companies.. and is what could be the difference maker.

I'd be more worried if the recoveries were rubbish but they're not, if that means more money on acid to extract the metals that is what it is. I don't what is better, lower ph with lower recoveries or higher ph with higher recoveries? Any ideas carters?

Carters, back with your positive attitude again..

Great update, nice to see things moving along nicely! There is a short update video on the website to go with the update, but I can't seem to post the link if anyone wants to watch it.

David clarke saying he believes its past the critical point is the most interesting bit for me.. couple that with the fact he is putting his own money where his mouth is and owning 9.56% of the company is a massive green flag for anyone thinking about investing in cobra!

Just need to have patience and let them now produce the numbers to back up what they believe to be there.

What people also need to remember is the gold assest is 3x the value of the company as it sits now, this rare earth project is basically priced in at 0 at the moment, very interesting times ahead hopefully!

Gla

Recoveries per ton i should if added.

Does anyone know what the expected weight of recoveries will be ie kg/gram etc for each of the rare earth's? For noobs like me and I expect a significant portion of other investors, it would be alot easier to put a dollar value on weights as people can search the price of rare earths pretty easily and it will help current investors or people sat on the fence make a more informed decision. Thanks

Let's hope so, if they can prove up and put some numbers on what's there, then this price now seems like a steal!

Probably a reaction to the market in general today I would guess..

Shouldn't be long before we get the results of the extended metallurgical test which hopefully take the recovery over 50% and then we'll see where we go from there..

Always a massive positive when a director owns 10% of the company and is buying shares on the open market!

Watched the presentation, feel quite bullish with the way this is going. Not sure why the sudden drop.. just impatient pi's chasing rainbows elsewhere I guess.