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Investors Confident about Cobre Ltd Prospects in Botswana

  • Author: Stock Piper

Key Insights

  • Cobre Ltd. gets a stamp of approval from investors with a $4 million placement. 
  • The largest shareholder - Strata Investments Holdings Plc - and several company directors subscribed to A$800,000 and A$675,000
  • Cobre’s drilling service provider and Exploration provider subscribed to A$100,000 each. 
Cobre Ltd. has secured additional funds which will be strategically used to accelerate exploration activities in the Kalahari Copper Belt in Botswana. Big players like Starta Investments Holdings Plc are confident of Cobre’s prospects and so should private investors. While Cobre’s shareholders are mostly in the ASX, there are others across the world who equally believe in its work across the World. For example, Mitchell Drilling Botswana and Remote Exploration Services, key partners in Cobre's drilling and exploration activities, also participated with a $100,000 investment, etc. In short, professional investors and industry big-wigs are investing in Cobre and so should you.  With a market capitalisation of $18 billion and projects set to generate long-term returns across Africa and Australia. Cobre is well placed to serve markets in both Asia and European markets with its projects currently operating in Africa and Western Australia. Big players and smaller investors have all reaffirmed their confidence in Cobre with new funds. 

Why do we care about Additional Capital for Cobre? 

Mining is a capital-intensive sector that requires capital to successfully find, exploit, market, and sell minerals. Despite being capital intensive, the total average annualised return in the MSCI mining Total index since 1988 has been 4.4%. However, with sufficient capital and innovative recovery methods, Cobre Ltd will see much higher returns over the long run. The additional capital will ensure that Cobre can successfully mine the copper and silver exploration tenements in the Kalahari Copper Belt (KCB). Raising Capital = Confidence from Investors: Having successfully raised $4 million illustrates the confidence of investors and stakeholders in Cobre. Renowned investors such as Strata Investment Holdings Plc (Listed on ASX) are a sign of confidence for Cobre as they focus explicitly on the natural resources sector.  There is Value in Botswana: Cobre recently enjoyed positive hydrogeological results from the Ngami Copper Project as well as the new intersection encountered when drilling the PW001 production well. As such, significant value will be unlocked in the Botswana projects. Botswana’s supportive business environment means value for money for investors and a higher share price for Cobre ltd over the long run. 

Upside for Cobre Ltd. (ASX: $CBE)

As you can see from the first three drill holes, the share price of Cobre rose consistently for some time, setting a new support level. After this announcement and the continuation of drilling activity in Botswana, the share price is set to reach new highs.  The contractions are getting smaller on smaller volumes. Decision time is coming but decision time points to a break on the upside, marking the continuation of a bull pattern. Contractions getting smaller on smaller volumes. Decision time is coming but would expect this to break to the upside as a continuation of the bull flag pattern. The move from $205 to $305 will likely trade choppily following a linear trend, with minor heterogeneity if a new breakout pattern emerges to reflect medium-term trends of a consistent price.  Recent investment into Cobre Ltd. from partners and mining bigwigs illustrates a commitment to the stock and investors' confidence in its ability to outperform over the long run. Furthermore, the prospects from the Botswana mining suggest further upside for the stock. 

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Harel Bate
Harel Bate
2 months ago

Who wouldn’t be. It seems like a good buy!

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