Member Info for RachT

Hi - new to this board but read a fair few of the posts and my conclusion is that - Ashton is a grade A muppet.

Repeated quotes such as the latest gem "Never stop wishing, because when you do, you stop believing in the magic of life." have been put forward to encourage support of JAY all the way down from the 7.46p (since he / she first started to post here) to the present 0.29p - a loss of >96% if he / she bought / held the shares when they initially started posting. Of course Ashton's reply will be that is only a paper loss until the shares are sold - no Ashton - it is a loss, plain and simple. Try to kid yourself otherwise if you wish but that merely serves to add to your delusional behaviour.

Thanks again for your input SWS - very helpful. I obtained the Ph level of 4.2 for orange juice by a simple Google of 'acidity of orange juice' and the first table that appeared stated 4.2 for orange juice (and slightly higher for canned OJ).

Good luck with your holding of COBR - I can see why you are invested here.

SWS - can I ask a question of you? You seem to have a better handle on this than most. Now this is where I might qualify for the title of numpty :-) but here goes anyway! According to COBR figures for NdPr they claim to have 212ppm, 205ppm and 305ppm on the respective zones 1,2 & 3. So that's an average of only 241ppm over the entire area, that is only 0.0241% is NdPr. Now if they use the weak acid (they often refer to being just like orange juice, which is c. Ph 4.2) of Ph4 the ANSTO results give recovery rate of 20% Nd 16% Pr, 25%Nd 22%Pr and 45%Nd 35%Pr for respective zones 1,2 & 3; that gives a generous average of around 28% recovery for both Nd and Pr. Now here's my question - that looks to me like the recovery rate using the ANSTO methodology is 28% of the available 0.0241% (that's the amount of NdPr over all 3 zones as shown above) so the final recoverable NdPr is only 0.006748%? The same COBR release gives an average of 32.5ppm over all 3 zones for TbDy = 0.00325% and recovery using acid of Ph 4 gives a recovery of around 40% of that figure (using ASTRO figures) so that would be 0.0013% recoverable of Tb & Dy over all 3 zones. Do you read the published results any differently? Seems that they have a huge area and ultimately a good tonnage of TREO's etc but the recoverable rates look miniscule to the point of maybe being uneconomic? Sorry, that's 2 questions.

Thanks SWS for your post - it does indeed contain some details of note. I'd definitely agree that both COBR and PRE have been dismal investments - both way off their respective highs. I'm not sure why Jollifant makes the claim that I own PRE; and Rach is short for Rachel so he's wrong on at least 2 counts. PRE was just a competitor that sprung up when I was looking at COBR.

I think your choice of investment may well do well IF COBR's proposed method of production actually works - as far as I can tell that's still unproven as yet (even in a laboratory level) - it works for lithium but only time will tell how it works for bulk REEs. By contrast PRE's method of extraction is proven and its much nearer to production.

I'll be watching both co.s going forward - good luck with your COBR holding.

Numpty & amateur investor am I? How flattering, but such comments are very misguided. Any research I've done took a little over an hour so you're nearly correct in that regard. However, even that short time was enough to convince me that this is an investment with a poor chance of being a good investment at this stage and even if it is successful it won't be producing for 5 - 10 years yet. I had little knowledge of Pensana before Monday but my > 1hour research means I see that they are starting construction and see that they are one of the largest undeveloped RE mines and one of only 3 worldwide with JORC reserve greater than 100k tonnes of NdPr. COBR has many many expensive hoops to jump through before it even gets close to that stage - numerous dilutive fund raises ahead for anyone already aboard.

The market clearly agrees that the company's latest news is sensational, the SP is back to where it was before the news broke - strange that.

SWS - thank you for your post, it has provided me more info to consider. Certainly one I'll be watching.

Good luck to holders.

'Seems peculiar that your first post is a negative one' - I'll explain. I had no interest in COBR until I saw the huge rise in SP on Monday - then I did some research and didn't like what I found. This board is by far the busiest for COBR so where better to post? Anyway, my brief research showed that the team at COBR are talking up their worth and their claims of 'sensational' and 'world class' are very disengenious. I cannot contradict the details in post I copied from advfn - which shows that COBR has only 0.1196% TREO on its patch. Contrast that with Pensana that has VASTLY more on its Longonjo patch. There the site is split into 2 areas - a weathered surface area (easily accessible) and a fresh rock layer beneath. Drilling on Longonjo has gone down to 80m and found REO all the way down - COBR recorded their 8m deep find as sensational. The entire area of Longonjo has an inferred mineral resource of 313 million tons at 1.43% TREO including 0.32% NdPr - that's 12x the concentration that COBR has. The weathered area is even better - that has 39.9 million tons at 2.38% TREO including 0.52% NdPr - that's nearly 20X the concentration that COBR claims to be sensational.

No wonder COBR's SP is disappointing - it's all built on bluff and extremely disengenious statements.

Copied from advfn

I see that COBR is up some 40% today - all on the back of its usual tactic to attempt to confuse and mislead gullible investors. Of the results released today the CEO states - "These results are sensational! It is pleasing to see our value proposition materialise, and these results, coupled with the excellent metallurgical recoveries achieved last year, demonstrate Boland is not only unique but world class.''

Er, no it isn't.

He also states -

'Whilst the Brazilian ionic rare earth projects have captured market interest, our results are comparable in grade, scale and metallurgy.......'

Er, no they aren't.

COBR was set up as a gold explorer / miner but when it couldn't find any economically viable gold on its plot (must be a great team) it decided to see what else might be there. Hence they joined the REE bandwagon and tried to convince folks that it was a rare earth junior instead. It then set about creating an image of itself that might impress gullible investors.

As for the results being sensational - that's very disengenious. So the average ppm of TREO for all 3 zones is 1196ppm. Why not express that as a percentage? Well as a percentage it really doesn't look very good at all - only 0.1196%. As a comparison Rainbow has 0.43% at Phalaborwa. Compare that to 2 existing producers (Lynas Mt. Weld and MP Materials' Mountain Pass) who have 6 - 8% grades and Brazilian Rare Earths' recent drill results of 18.8% TREO. Admittedly these 3 are in hard rock so more difficult to process than the gypsum dumps and soft clay of RBW and COBR. The chart below illustrates this very well - the blue section represents TREO concentrations and black sections illustrate the respective concentrations of the most sought after REE, that is Nd and Pr. As one can see COBR's figures would hardly be visible on the same chart - unfortunately chart does not copy but can be viewed by searching Innovation News network under title - Brazilian Rare Earths: A paradigm shift