Cobra Resource. Share Price (COBR)

Well said ShipwreckSheep. They have a cohesive and structured work plan for the rest of the year which they have communicated clearly to shareholders with timeframes. All very good. They have acquired the funds they require for said activities at a minuscule discount. Nothing really. The market has reacted positively. I don’t think RV and the team could do anymore. Like I say the communication is excellent to shareholders. We know exactly what is going on.

Everything is extremely positive and I am a happy shareholder with the progress being made.

Well, some people are just impossible to please, Rach, aren't they?

You spent time in several posts bringing up placing and the entire argument that it'll be easy to buy into Cobra cheaper after it - I had pointed out that several times placing had been at premium or minimal discount and SP ended higher on the day of the placing, which again looks to be happening.

Are you seriously arguing that budget of 700k for 5 months is insane when that 5 months have included a full drilling campaign and other activity? If you please point me to companies who drill for free, I'd love to hear about them. In addition, you only know that they have spent "up to 700k", I doubt they have used up all of the budget already, but who only raises funds when the bank balance reaches zero?

Again the placing has been done with the support of the original vendors of Wudinna who remain to show strong financial interest in the project. Management and BoD highly aligned with shareholders here with holding 30%+ of outstanding shares. Hard to give the benefit of the doubt to you by now, before it was "They'll raise in the not too distant future, might get in at big discount to current SP", now that they raised at pretty much par to the current SP and are fully funded for the year, a budget of ~1.5m£/yr for advancing a promising project seems to be worth criticising to you. When really Cobra has been hugely economical with the budget they work with for years and kept dilution to shareholders at bay with equity raises at premium or small discounts. Laughable, sadly, I was hoping you'd be factual, but you're just continuously negatively biased even on things there's zero reason for it. No one says it's all done, everybody knows there's de-risking of Boland to do, but criticising the raise of 600k£ for 2 hugely important drilling campaigns that will underpin the maiden MRE of Boland? That was the best move Cobra could have done, and I'm very happy to be fully funded through to the maiden resource estimate, as I think are the vast majority of shareholders.

RachT2 your darling RBW raised £4.3M late last year by placing shares and they currently have a similar amount of shares in issue as Cobr. GGP have over 5B shares and they did rather well. How else do you expect junior miners to fund exploration?

Maybe if you continue to talk cobblers then LSE will delete your latest reincarnation as well.

Good Management, getting on at a pace. Well done RV & the team. Plan looks sound, GLA.

As a shareholder, I am not a little disconcerted at today’s news, in fact I’m pleased they’re moving at pace. As a non shareholder, you are a little disconcerted. It’s a funny old world.