Member Info for RichyRich1

Nice news! This year should be very very interesting as we progress through the 2022 programme.

Interestingly the adverts on my feed for LSE today contains Ferraris and Lamborghini’s so maybe a sign of good things to come (although even if I could afford to I wouldn’t buy one!)

Normally the adverts are for ladies with curves underwear so no idea what the algorithms are doing thinking I’d be interested in that so supercars make a nice change!

Check out page 4 PortfolioPower…hopefully they can stick to the timeline!

https://secureservercdn.net/160.153.137.14/w32.3eb.myftpupload.com/wp-content/uploads/2021/12/Corporate-Update-December-2021.pdf

Thanks for the info Shipwrecksheep. Good to know exactly what’s outstanding with regards to warrants etc.

Ok bear with me here and apologies for the rose tinted calculations but what are people’s thoughts on the following figures, realistic or not? What are other people’s expectations/hopes and dreams for Cobra next 3 years?

2022
360m @ 2.9p = £10.4m (as of today)
423m @ 2.9p = £12.2m (as of tomorrow!)
29.6m (7% of 423m issued to David Clark if we hit 750,000oz resource this year)
452.6m @ 10p = £45.2m market cap end of 2022 assuming minimum 750,000 oz gold resources, IOCG verification and rare earth resource coming together.

2023
452.6m @ 10p = £45.2m
94m (20% market cap raise for 2023) = £9.4m placing
546m @ 20p = £109m market cap assuming JV with Andromeda, 1m oz gold resource, increasing rare earth resource, 1x IOCG drilling positive and looking more and more likely is indeed an IOCG

2024
546m @ 20p = £109m
109m (20% raise) £21.8m
655m @ 30p = £196.5m market cap end of 2024 assuming 1.5m oz gold resource, feasibility studies underway, rare earth resource increasing, IOCG deposit being proven up with extensive drilling.

2025 - bought out for £262m @ 40p per share!

Shipwrecksheep...David Clarke is entitled to 7% of total shares in issue when we hit a 750,000oz gold resource!

For those who have just jumped on board have a look at the presentation from December which explained the REE potential.

What’s extremely exciting is the elevated REE’s and pathfinders in saprolite proximal to gravity anomaly at IOCG target 1.

If (big IF) there’s economic REE’s above every tenement being drilled that would be immense!

Get drilling those IOCG’s!!!

https://secureservercdn.net/160.153.137.14/w32.3eb.myftpupload.com/wp-content/uploads/2021/12/Corporate-Update-December-2021.pdf

Crazy thing is 37p with 432m shares in issue is only a £160m market cap which is not totally unrealistic given what Cobra may potentially have!

As the subject heading suggests what are people’s thoughts on Cobra’s valuation if we have 1m oz gold resource, a decent REE resource and one IOCG deposit?

Considering we’ve currently got a £7m market cap it’s hard to imagine being valued at £250m but if they can prove up the above and still only have 600m shares in issue 41p would be nice!

What’s everyone else’s take on future valuation with an IOCG deposit, 1m oz gold resource and a REE resource?

Didn’t even get a sniff of being able to take part in the placing! News released out of hours so UK investors couldn’t take part but cheeky but the price could drop to 1.5p regardless.

The board need to maintain the momentum and get drilling the IOCG targets ASAP. They’ve got the funds now and whilst the assays are being conducted on previous drilling for REE (which will take weeks for results) get the market excited about the IOCG’s!!

There’s no way the million plus trade is a buy at that price!

To sell Dan? Placing coming soon at discounted price I wonder?

All the talk is about REE but let’s not forget the 5 IOCG targets we’ve got. If all comes good on all 3 fronts Cobra will become a serious player!

Could just be coincidence but quite a few more followers on Cobra’s Twitter! I know exploration takes time but I’m starting to get a little worried drilling results haven’t been as great as hoped and they’re waiting for all results before releasing them in one go!

Morning, I’m sure they are busy behind the scenes (I hope!) but my god this must be the most boring share on the main market!

Drilling results surely due first/second week in February and with any luck by then they might be able to update us on the IOCG drilling programme due in H1 if all goes to plan?

Little update after emailing Vigo and asking some questions so many thanks for them taking the time to reply to my queries....

“The company is refining exploration models of these targets by domain modelling and associating geochemical results to the geophysical models, before proceeding to drill programme design, and seeking regulatory approval to drill. We cannot provide a definitive / narrower estimation of when they will drill at this stage given the workstreams that need to be undertaken first, however, the IOCGs, given the potential they represent, remain a drill priority for the company and will be incorporated into the next phase of RC drilling - hopefully within the indicative operating timeline (H1).

The Company is committed to achieving the Wudinna earn-in agreement’s 75% expenditure earn-in. The 65% milestone was achieved in September 2021. When the 75% earn-in milestone is reached the parties will look to form a JV.

With regards to funding plans, the company would not be able to comment on that outside of official regulatory announcements.”

GLA

Loving your optimism Bitcoin and I’ll play along but I hope the SP is closer to your predictions rather than mine!

June 2022 - 3p (fund raise due soon so hefty dilution) Market cap of £13m with 440,000,000 shares in issue.

December 2022 - 6p (7% shares in issue placing if hit 750,000oz resource) Market cap of £28m with 470,000,000 shares in issue.

Exciting isn’t it Michaelfleming!! At least the seller appears to be done. Should have all remaining drilling results by 8th February if not sooner. A little bit of news updating on their H1 IOCG drilling plans wouldn’t go amiss!

Why the 25% spread! This has been going on for weeks now just can’t get my head around it.

Does anyone have any thoughts on why there’s such a massive spread?

I’m starting to think there might be a placing coming around 1.3p but hoping I’m wrong!

Bitcoin...thanks for the info on Mila. Looks interesting, can see why you’ve invested over there. What I can’t get my head around is how they have a £7m market cap with only a 20k JORC!?

And we’re valued at £5m!!!

HNY everyone. Check out page 4 Dillon.....

https://secureservercdn.net/160.153.137.14/w32.3eb.myftpupload.com/wp-content/uploads/2021/12/Corporate-Update-December-2021.pdf