Member Info for ShipwreckSheep

No, definitely not, the first 2 below 3.70 were sells without a doubt given mid was 3.70 to start the day, and the 3.705 one also was a sell for sure, so some small sells inbetween, but definitely buying interest still strong and taking over, so who knows, LC might have a point...and might make sense given we had 2 very inspiring Monday RNS in a row now, 3 is the charm? Don't really expect one on Monday to be fair, likely the re-analysis results are still a week or 2 away, but who knows, we are in 2nd half of August after all by Monday.

Nice run yes, but it's still very much the start of a marathon at 30m£ mcap. Just found myself browsing through the Meteoric Resource website given that it's often been brought up as path for Cobra to follow, and stumbled across "The Global Rare Earths Market is valued at US$2bn and is forecast to grow to $12bn by 2030."

Boland will be ready in time to capitalise on that. I hope Cobra will release a webinar or at least new slide set to go along with the remaining re-analysis batches, it's only been a few weeks, but feels like a lot of moving parts since the Barton Gold deal, so will be very interesting to get a strategic update

Any specific reason each post of yours has ":)" next to each negative sentence you write, Whoknowswhy? Or are you simply an unpleasant person and there's not anything more to it?

Yeah, unless snooker1000 is the worst stock picker of all time, it seems like every share they are "invested in" is along the lines:

About HEMO: "I thought it wouldn’t go down below 0.2p , but unfortunately it’s going down and down every day !!I hope and believe it will come up soon, BUT ANY LOWER THAN THIS PRICE?? It’s pain to watch price goes down like this unbelievable"

About TILS.L: "Can it go any worse TLS share price going down and down it’s reached well below record level , any update ?? RNS??

It’s sad to see BOTTOM OF THE SHARE PRICE LIKE THIS ????"

About NNN.L: "Share prices are going down and down everyday , How can you say chunky buy the going to be here ???"

Always the same post, more or less...not very creative.

Especially the UT, very strong auction price

Odd thread start on a day when it isn't down, eh (so maybe not "every day down and down")? Almost like you have a motive for it. And similar to that it seems that the typo "from 2.5p to 0.055" when it's at 0.615 (so more than 10 times as high as you write it got to...) is for the same motive? Quite funny when your thread has "Please be honest!!!" in the title.

Let's stay accurate, how about it? Everyone is aware of the SP move over the past 1-2 months, and nobody is that happy about it (well, I should say actual holders, as "nobody" isn't right). But the PI fund raise was at 0.54, and every doomsday agent here said it will go there in open market the day of the raise, well, it's 9 days after it and it hasn't gone there. So why would you say "every day down and down"? The close on 5th August was 0.60p. It's now 14th August and SP is 0.615p. So since the raise SP hasn't gone down at all, in fact has gone up slightly and is 14% higher than the level the raise was conducted at (0.615 vs 0.54). Will it go up from here, or will it go down? Who on earth knows, could be anything, but saying "every day down and down" when it's higher than 9 days ago is at best slow internet connection and you clicked "Post" 9 days ago, and at worst disingenuous

14-Aug-25 08:33:03 3.682 200,000 Unknown* 3.50 3.80 7,364 O

14-Aug-25 08:26:24 3.69 325,203 Unknown* 3.50 3.80 12.00k O

14-Aug-25 08:18:00 3.64 274,725 Unknown* 3.50 3.80 10,000 O

Also feels like a few more want to build a good position for what's likely about to come, I'd imagine whoever is behind these late-reported prints (definitely buys at that time stamp) understands well that the time to build is before milestone RNS releases, as given the low amount of free float with all the sticky hands means it might be extremely hard to buy anything even quite far from mid when the right kind of RNS hits in Cobra, similar to those in Feb 2022 when we had a +100% day on the initial "hey guys, actually...we have not only gold, there's also rare earths" release.

Hopefully everyone here will manage to have the position size they want at that time already, as it was crazy frustrating in early 2022 to have the wish (and the funds) to add substantially to the position, but brokers basically saying "Rien ne va plus" and not showing a price for anything > 500 quid. Personally I hope the trend continues like this, steady and strong, but not going bonkers, allowing new sticky hands to come on board - but the chance (risk?) that we get actual hype (albeit hype for all the right reasons) and virtual inability to buy any reasonable size along with some RNS over the next 6 months is higher than it's been in years.

So likely best strategy is: Get in, get where you want to be, and just hold on, for wherever your goal is; either some specific price, or holding for future dividends (likely what I will do, if Rupert and co take this to long-lasting production, as the management team have earned a lot of trust from me over the years to believe that they will also run this in a very solid way as a producer).

As for your question "at what SP would David sell", who knows, my own impression is that he isn't in a rush and wants to see Boland unfold its full value, and in that interview he very clearly said that for him the most likely "full value" is 100s of millions or even billions of $.

To be completely honest, when I met him all those months ago, I already held over 20 million COBR shares, so I wouldn't say I'm shareholder because of him being experienced and knowledgeable, but he is indeed a super interesting person to have the pleasure to chat to. It was also at a time when I at times questioned the quality of my investment, I'm sure some here remember that I at times was quite critical about the seeming lack of direction when they prioritised Boland over the Thompson exploration target etc. But being able to hear about their vision - let's face it, every single key person in Cobra heavily believes in the quality of this asset, that includes Rupert, David, ofc also Robert given he's the exploration expert, Dan, all of them - kept me onboard and I've to this day not sold a single share. And in hindsight, they were entirely right with prioritising Boland, that's the prize asset, Thompson would just have been empty Mt for the MRE at the time that likely would not have been economic unless there's gold occurrences around too.

& you say the negative posters are all accurate and only have everyone's best interest at heart? Right...like the guy posting earlier that it's "6% down today". It's been 0.625 all day yesterday, the UT was 0.65, but everybody and their grandmas know that UT doesn't matter in small-caps and next day opens at the mid before the UT again, so it's less than 2% down today accounting for the out-of-line UT, which isn't really anything to panic over, so those posts about "6% down today"...questionable motive, don't you think?

It's both the same, beasty, isn't it? The doom-posters you defend (and who, in the short run, have been correct about the direction of travel) had also posted extremely negatively end of 2023, when the SP was 0.2, so you could just as well say they'd have made people sell up at 0.2, costing themselves a 15-bagger at the top of Feb 2024 SP, or still now a 3-bagger from that level. It's crazy how bipolar sentiment is in this stock, if it goes up for 10 days, it's "Best stock on LSE", if it goes down for 10 days, it's "Wort stock on LSE", when the truth is, it's neither of the 2 options. It sure is a more challenging phase again, but hey, explorers need funds to get to production, and at least 1 asset is very close to production and the funds will be used to prove up the other asset to an extent to bring the contingent resource into an actual resource and unlock project financing, so while the funding is annoying as hell (and I doubt anyone with positive view on the company was a fan either), it's a means to an end, that end being massive de-risking of the resource. And frankly, looking at performance of UK-listed explorers...200% up since beginning of 2024 is not too shabby.

My pleasure Billy, it's nice to see the discussion board more active. Yeah, that was a very uplifting interview by David Clarke, I agree, I remember well that around the same time or a couple of months before it maybe I mentioned to him in person "It's tough on UK market with so few companies in REE, as there's a lack of understanding about deposit types/grades, I mean this should be AT LEAST 5p" and he without any hesitation said "I agree".

Curious trade prints today though, hard to understand why someone seems to be very eager to sell (with over 40k£ of sells) when there's generally a lot of buying that would move the SP higher without that selling pressure and would allow the seller to get more money for their shares in the next weeks, if they really want to sell the lot. Maybe it's warrant-related, otherwise puzzles me a bit why one would choose not to hold for the remaining batches of re-analysis samples that are coming in the next 2-3 weeks.

Nice article! Shows that the Australian government can be very supportive in project financing capacity too. Given that BBC is publicly funded, would have been nice though to see at least a small reference to the only UK-listed rare earths company with deposits in Australia, but what can you do.

Yeah, that's fair BB, given that it's a time when new potential investors read up on the company and therefore also on this forum, I just wanted to avoid that the first thing they read is "it's all hype", as that's not really the case, it's a steady (and may I add: long overdue) rise based on fundamentals on both the future revenue (new high-grade deposits, grade upside) and the future cost (metallurgical optimisation showing that lixiviant doesn't need to be as acidic as initially expected) side.

Onwards and upwards, and yes, 30p is way too far away to talk about it now, agree on that. I do believe that Boland will shape up to be a 200m£+ value (and potentially quite a lot higher) deposit by the time production comes along, but at the current stage, my subjective fair value is somewhere in the region of ~7p, that's where imo the SP should already be with the current derisking work done, any further increase in "my" fair value needs milestones ticked off, in particular maiden MRE and economic scoping study. We shall see, it's been 2 good days for the initial re-rate to fair value, we're almost definitely not close to it yet, but then again, can't expect SP to rise 10% each day without phases of consolidation or pullback.

Nice close on that 3.70p UT, but given that VWAP today was 3.5735p, would think that we open tomorrow at the 3.55p again instead. Works for me, steady wins the race.

"Next lot of hype"? There hasn't even been hype, and it's nice to see that the rise has been steady rolling like a train (rerating to reflect fundamentals and all the de-risking of Boland that has been done), not like a pole vaulter (pump, dump). Less than 20 comments, less than 100 trades a day, that's hype?

Also, not sure how much you looked into it given you say you have no previous mining background, but every significant shareholder who has been invested 4 years ago is now more heavily invested (David Clarke, Bruce Parncutt, Craig Ball), and all the PIs who invested over the past 4 years are still posting, bitcoinbuyer, RichyRich, Caribbean, Michael, some of them still buying more as it's still vastly undervalued at 30m£ market cap. So "those in the know have cleaned up" is just not accurate. It's also not accurate imo to speak of a bubble, and I hope you look into rare earths price cycles given you say you hadn't looked at mining before, as it is simply a fact that rare earths have been depressed at the low of the commodity cycle from 2021-2025, and a lot of the movement is not Cobra, but rare earths in general (although if you ask me, the value proposition of Cobra is by far the best of UK-listed REE stocks), you can check for yourself, MKA up 400% year-to-date (a lot more than Cobra), PRE up 220% YTD (similar to Cobra), it's hardly that Cobra gets hyped, it's great news flow, with a broad-industry share price rise in addition, with many other rare earths juniors actually outperforming Cobra's share price rise.

Imagine! "Cobra Rare Earths"...and then they find a lot of uranium on these tenements (https://cobraplc.com/project/western-eyre-peninsula-uranium-project/) and have to rename it back again :-D (or IOCGs ofc)

Agreed molokai, there's a lot of absolutely key news flow that we are about to get over the next 6 months and we have already gotten a taster.

About SP retreat as warrants filter through...well...as you say, the news flow to come will most likely make many many new investors in the company (or REE space generally) want to buy, so would assume that most of them get soaked up, and also it's worth remembering that 30% of the raises were usually supported by the significant shareholders, so 30% of warrants are in their hands and I'd be surprised if they didn't choose to keep the shares after exercising the warrants to keep their % holding in the company. As will many who exercise the warrants and believe in the medium-term market cap growth of Cobra. And the staggered expiries of the warrants mean that even if there were warrant holders who want to sell after exercising straight away to lock in profits, there wouldn't be massive volumes of that at any given time, only the 3p warrant expiries are close, October 2025.

So for good order, roughly 5.2m£ cash that they get from warrants if all get executed.

Bit more than that LC, 223.59m warrants in total, across 2p, 2.3p, 3p. Will bring in a great budget for proving up the full Boland and Yaninee resource