Cobra Resources Share Discussion Threads

[wassapper] 03/12/2020 09:15

Very good results. If this were better known and followed by the crowd we would be at least 3 x higher in price than now. Plenty more results to come to build the story.

[wrtmf] 03/12/2020 08:01

today's rns with graphics

[presto77] 03/12/2020 07:57

Yep i took part in placement and wont be selling my shares or options! Despite what that moron saysJourney just starting

[wrtmf] 03/12/2020 07:54

41 holes to report on and they've delivered 3 which shows northward resource extension of clarke.

i was looking through the 24aug update pdf version last night - clarke and baggy green are 1.2km apart [boundary to boundary] and that gap is mostly baggy green north. if bgn comes up trumps then the company are on the way to demonstrating the 3 are one larger resource to my simplified way of thinking.

very happy with these initial results!

ps. pathfinder mineral analysis, reorientation of the resource to lying NW versus northerly and the adjustment of drill targets to calcrete concentration should be well worth it - [work done 2018 to 2020]

[presto77] 03/12/2020 07:46

Are you a mind reader?

[justtrying1] 03/12/2020 07:40

No it wnt it will spike before the sell off lets not get carried awayAnd those who hold warrants and placing shares will be cashing in

[readdin] 03/12/2020 07:25

Hopefully the start of things to come, GLA

[presto77] 03/12/2020 07:07

This should fly

[presto77] 03/12/2020 07:07

Cracking results

[mufprat] 03/12/2020 07:05

RNSLooks encouraging at first glance

[wrtmf] 02/12/2020 17:32

1.25m trade after hours taking total vol to 10.8m, the highest since middle-ish oct

[wrtmf] 02/12/2020 16:19

1m buy and 0.9m sell

[wrtmf] 02/12/2020 14:58

apart from the 1.25m buy and that dip, today has been very much about the reporting of delayed trades

[wrtmf] 02/12/2020 12:47

2.57 has been paid

[maxcat1] 02/12/2020 12:29

Sorry ha, but 1.25m just popped up too so I guess some value down here

[plentymorefish] 02/12/2020 12:11

And me!.....selfish sod!....;)

[wrtmf] 02/12/2020 12:03

ha ha, that's why i couldn't get 2.4p

[maxcat1] 02/12/2020 11:40

The £8k buy delayed is mine

[wrtmf] 02/12/2020 10:40

thank you for adding gold price
no quote for 5.3k buy just now [while offer 2.4], have left a limit buy at below 2.5

this heading down whilst gold going up the last day or 2 [up 50-60 points], has given me the confidence to try and top up 1 more time...

2.45p, order filled

[novicetrade68] 02/12/2020 10:40

just included the gold chart in the header, up $15 today.

Good point about those warrants, may be all have been exercised now, but not entirely sure, hope the 5m and 2.1m from last week were the last for a very long time.

[novicetrade68] 02/12/2020 10:19

Looks like MMs are treating this like an AIM share, 8% drop on 800k volume pfff

[wrtmf] 02/12/2020 10:09

treeshake?
before the big rise comes the plunge?
what is the warrants exercised situation given 16.30 monday deadline?

[wrtmf] 01/12/2020 16:10

i hope this is of use to those asking about funding of future work,


Eyre Peninsula Gold Project Joint Venture Terms
The principal terms of the Eyre Peninsula Gold Project Joint Venture between Andromeda Metals and Cobra Resources which was executed on 31 October 2017 are as follows:

Cobra will sole fund $2.1 million within 3 years of execution to earn a 50% equity position (Stage 1 earn-in);

at the end of Stage 1, a joint venture can be formed, or alternatively Cobra can spend a further $1.65 million over a further 2 years (total funding of $3.75 million over 5 years) to earn a 65% equity interest (Stage 2 earn-in);

at the end of Stage 2, a joint venture can be formed, or alternatively Cobra cab spend a further $1.25 million over a further 12 months (total funding of $5.0 million over 6 years) to earn a 75% equity interest (Stage 3 earn-in);

once a joint venture is formed, the parties will contribute to further expenditure in accordance with their respective equity, or dilute using a standard dilution procedure;

should a party's equity fall below 5%, its equity will be compulsorily acquired by the other party at a price to be negotiated in good faith, or failed agreement, at a price determined by an independent valuer;

Cobra must meet requisite statutory expenditure requirements to keep the project tenements in good standing;

Cobra will act as manager during the farm-in and thereafter while ever it holds at least 50% equity.

[wrtmf] 30/11/2020 19:11

warrants exercised rns tomorrow to close that chapter...[?]
new total voting rights?

[novicetrade68] 30/11/2020 13:17

Yes, agree, apart from some delayed lab results it all reads pretty well imo, and of course the 41 holes are in addition to the existing resource of 211,000 oz Au, so fingers crossed for some further great results here.

'41 Reverse Circulation (RC) holes were drilled for a total of 6,090 m between September and November 2020, with encouraging alteration observed indicative of gold mineralisation. The sample preparation and assay processes are underway in Adelaide and Perth. The assay laboratories are experiencing a significant backlog because of Coronavirus restrictions and other factors. The Company looks forward to reporting initial results as they become available, however the Lab has advised that all results may not be completed before the new year.'