Member Info for RichyRich1

Odd trading today, loads of demand this morning then just dried up completely. Wonder if a large order is being filled?

Surprise surprise, looks who’s the first to post! Non shareholder providing his public service.

“It’s full time job” haha Banbury, pot, kettle etc springs to mind. Sitting comfortably at your desk for a day of bashing?

You must be panicking AB actually manages to turn things around for Red Rock.

What would you do with all that spare time!!??

The way I see it BingleyBullet is at the moment Cobra are conducting an elaborate lab experiment. So far lab results appear to be positive but hey you never know ISR technique might not work in the field then where do they pivot, back to proving up a gold resource?

The infield trials are essentially what’s going to make or break Cobra. If they are positive and they confirm ISR works in the field and they prove up a reasonable resource at Boland and the scoping study shows sound economics Cobra will have many many suitors!!

Q4 2025 or Q1 2026 Cobra is either going to be talk of the REE town or….????

And that’s why we’re still languishing around 1p due to the uncertainty.

If it all comes good multiple £100m’s market cap is not unrealistic! If it doesn’t then we’ll bob around 1p with hefty dilution year after year as they figure out what’s next for the company I’d imagine.

Fingers crossed it all goes to plan!

English - I wrote this last November after Rupert gave a talk on Sunday Roast. What’s interesting is so far they have pretty much achieved everything they set out to, so all going to plan!

From November 2024

Good find RedRoy and thanks for highlighting.

Just has a listen but need to double check exactly what Rupert speculated after being heavily prompted and encouraged to do so from hosts!

5-10,000 tonne MREC per annum potentially.

MREC @ $60 per kg

Under $10 per kg to produce using ISR

Off take payable $30 minus $10 production

$20 per kg profit?

5,000 tonne = 5,000,000kg @ $20/kg = $100,000,000 per year

10,000 tonne = 10,000,000kg @ $20/kg = $200,000,000 per year.

Another 3-4 years before fully operational compared to average 18 years from discovery to production for most mines.

If they can achieve the above and minimise dilution……wowsers!

Just imagine when rare earth prices recover!?

END November post

So let’s say they need to raise to a round 1B shares in issue.

Anyone know what earnings multiplier is applied to a main listed share on the LSE? 3X? 4X? 5X? I’ve no idea but let’s say 3X just as an example.

$300,000,000 (£240,000,000) on 5,000 tonne per year = 24p

€600,000,000 (£480,000,000) on 10,000 tonnes per year = 48p

Is my math wrong??!!

Scoping study would hopefully blow the doors off!

And we still have gold!

And we still have IOCG’s!

Way way under valued.

Does anyone know if more drilling is planned at Boland after the sonic drilling to go towards the MRE?

Thanks for posting that article 5x5, very interesting indeed!

Every time I read any article about rare earths, the challenges faced from finding a large enough deposit and then the difficulty trying to extract and process the REE I’m stunned Cobra is at the price it currently is.

I wish the world was moving towards a more peaceful future rather than all this uncertainty and sabre rattling but this is unlikely and selfishly as a shareholder of Cobra it appears to be a positive perfect storm. If they can pull this off using ISR the sky really is the limit for the share price. There will be so much interest in their product they’ll be able to pick and choose who they sell to and surely they won’t have any problems getting off take agreements in place.

Just look at the size of the mine in that article and compare that to how Cobra will be extracting their rare earths using ISR and the minimal environmental disturbance in doing so!

Worth a read….

https://www.alcircle.com/news/is-chinese-countermeasure-upon-us-a-stint-to-regain-control-over-the-losing-grip-on-rare-earth-113742

Given the bloodbath on the markets it’s encouraging that there hasn’t been a massive sell off on Cobra highlighting the shares are being held by sticky hand shareholders.

Maybe, just maybe, we’re about to have a perfect storm and good fortune whereby we release a promising MRE on Boland, confirm ISR works in the field and then release a scoping study year end when the west is crying out for rare earths from someone other than China!

Is this really the year of the snake for Cobra and the stars are aligning for frustrated share holders!?

Very interesting rest of year ahead!

GLA

This is my take but could be way off the mark!

279,000 oz @ $3,000 (give or take) = $837m = £700m (roughly) @ 1% in ground value = £7m so almost bang on current market cap.

I don’t think any value is being attributed to REE side of the business as it’s all theory at the moment. After we have proven ISR works in the field, we have a MRE for Boland if we are still languishing around 1p I’ll be very disappointed!!

Doesn’t take a genius to figure out if the award is held off long enough and Red Rock goes bust no money will need to be paid! Let’s see if AB can keep this charade going for another 6 months!

This is grim! I was going to top up but think I’ll hold fire as I’m a little worried despite Rupert and the board being convinced they’re onto something here using ISR etc the market just doesn’t believe the story and is waiting for more concrete evidence. In the meantime sp could drop a lot lower unfortunately!

Check out page 23/24 Sheep in the link. All going to plan (and so far it is) July/August 2025 MRE, scoping study November/December 2025. As you say let’s see if they can stick to it this year!

https://res.cloudinary.com/investorhub/raw/upload/v1733215860/leaf-prod/234/documents/Dec-24_Cobra_Resources_Investor_Q_A_agykng.pdf

Don’t think there will be any movement and very little buying until they can prove ISR will work in the field. Hopefully a decent MRE at Boland and a positive scoping study year end then we should see some serious gains and those sitting in the sidelines jumping in!

I’m guessing you already know Cobra is not on the aim market draft?

You know what worries me with Cobra is something that I’ve been concerned about for some time given past performance. A long time ago I had a similar gripe and discussed it with another investor on here and so far my worries have played out.

I’m not de-ramping or criticising it’s just an observation and I know if I’m not happy then I can just sell up whenever I want and move on.

The current trend is raise funds (ALL junior explorers need to do this I get it!) but what tends to happen is they raise funds, drill, get results eventually complete the annual activity by which time they’ve run out of money so people are reluctant to invest knowing that there will be a raise in the not too distant future hampering any appreciation and putting a drag on the sp, raise funds again, same trend every year for the last 3 years I’ve been invested in Cobra with practically no meaningful share price gain only dilution although relatively minor dilution, dilution all the same.

Every year I think this year is going to be different and you know what so far it never has been.

This year really should be a pivotal year for Cobra given what’s planned but by the time we come to releasing the scoping study later in the year we’ll be needing to raise funds again for the 2026 plan whatever that might entail.

Can they break the trend this year and raise at a significantly higher share price than previous years only time will tell or will the trend for the last few years continue ad infinitum!?

Is it just me or has the marketing slowed right down? There was hardly any coverage after the MREC was produced which should have been a big deal being the first of its kind ever produced in Australia even if on a small scale and in the lab, it was a major company milestone.

Drilling results promising (I think!?) and now a major shareholder increasing their holding to over 30%.

It’s been ages since we’ve had a Stockbox interview or converter in Proactive Investors for example after two major developments. Rather than shouting about it it’s just kind of all been a bit low key almost intentionally or am I being paranoid due to terrible share price performance!?

I just don’t get it!!

This is really not good!!

Yeah sure you are!

You’re not even a share holder! Feel sorry for you.