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Not been a COBR shareholder, very long myself, HonestTom,......moved some profits, from another gold shareholding (that we still retain, a reduced shareholding in), into COBR,.....will be interesting, to see, which does best, from this point in time,....both COBR & the other gold share, being Main Market listings.
BW
Thanks guys, looking forward to the newsflow, it should overlap nicely with drilling news on that other share.
So the drilling update will give us timeframes on when to expect results?
Tom, welcome indeed, honestly your timing is excellent. Next few months should be news flow rich.
Hi Tom
Welcome
Patience and knowledge of patience (gained from Ggp) is welcome; you’re in good company here on this board.
Good luck
Hello, I've dipped my toe in here seeing some similarities to ggp, still invested over there since pre Newmont days. Not sure what I can add here except patience.
Think management have played it well so far, things are going to schedule , also not sure what pumps you are referring too. I have been in an awful pump and dump aim stock before, but not getting the same vibes here. Be interested if you could share the warning signs that make you feel like this is being pumped Presto? Just to note, it's always healthy to have a contrast of opinions rather than one way optimism. I am optimistic about this but understand it is still wide open and we need to wait for the drill results, without those being positive, this could stay quite flat.
Hi Presto,
Are you able to elaborate on your statement of “more reputable management” with anything that leads you to say this? I’m keen to understand, as I sure many others are; I must have missed something and I’m keen to be on the loop.
Cheers
C
The June 11, 2020 Investor Presentation and Q&A Session with Cobra Resources PLC (COBR.L), shows 4 NEW IOCG (Olympic Dam style) copper gold Prospects :
https://www.share-talk.com/investor-presentation-and-qa-session-with-cobra-resources-plc-cobr-l/#gs.dn6tma (from 05:26 into clip).
Potential Mega Structures,....with our current Market Cap of £4m,.....if one of these IOCG Blue Sky targets comes in, think we will be pleased, to be holding COBR shareholdings, in our two ISA's.
BW
It's cool - I do read some right garbage on here and think we are longer away... 4p gd enough to offload and warrants... Won't be be the only targetting that offload price...
Happy if we get 4p quickly and can bounce into other hold plays with more reputable management and less pumping crews
What gripes do you have with the management Presto? Don’t think they’ve done much wrong to date. The next four months once the drills get turning will prove whether they’ve been right or wrong with their pathfinder strategy. You might be kicking yourself by year end when the drilling results start drip feeding through!
Hi Rookie, is there an estimate for when results are due?
I'm hoping it will get pumped up to 4 and can then exercise warrants and offload the lot...
Many better gold plays out there with better management...
Grace prospect, looks promising, Hindy86 ;-
Extracts,
"·The newly named Grace prospect, east of Clarke prospect has returned highly anomalous Molybdenum assays, typically associated with Iron-Oxide-Copper-Gold (IOCG) mineralisation."
"·The Grace prospect has demonstrated highly anomalous level of Molybdenum, which requires further investigation, but this is a known association of IOCG (Olympic Dam-style) mineralisation."
Source : https://polaris.brighterir.com/public/cobra_resources/news/rns/story/wk8zgdw
BW
it is good that we all feeling optimistic but let just wait for the results before we all get ahead of our self ??
Tricky question and any replies will sound like a crazy ramp when we consider currently priced at 2.4p with a £4m market cap.
If we prove up 1m oz resource by year end then I’m estimating conservative £20m market cap at 1% using £2,000 gold price in ground value. I know others use a higher in ground valuation but I like to err on caution. I’d also imagine the recent raise conversion loan will have been activated so using 250m shares issued that gives us 8p per share.
If we can prove up 2m oz by end of 2021 £40m market cap by which time the 100m warrants at 2p will be in issue so 350m shares. Market cap of £40m so 11p per share.
If we hit an IOCG deposit in the next 18 months (one drill hole won’t confirm this is the case so will need multiple holes drilled) then it’s impossible to give a valuation but £200 market cap isn’t out of the question with 350m shares in issue giving 57p.
There’s going to be heavy dilution with the convertible loans and the 100m warrants at 2p but the funds raised should allow to drill extensively and add considerable value to the company.
It states on the company website....
“ An IOCG discovery would transform the Company into a major mining house”
And that’s what I’m holding out for!
Good luck all!
I'm hoping that this goes in a similar direction to GGP, i am sure comparisons have been made before though.
I think we will be closer to 15-20p by the year end and who knows in a year, if we define say 2m oz and at least hit an iocg, we be much higher so I’m saying 66p by end of 2021... just for balance if we don’t hit any gold and no iocg, I think we will be valued at 6p just on the resource we have at the moment and copper asset... not hitting any additional good with barns for example is just simply impossible...
*richyrich, etc
To name a few
If we hit all 5 iocg’s we’ll have same market cap as Apple .....
At least that’s what someone told me on Twitter ;)
Serious note tho imagine hitting one...
I’m fairly new to this but I’ve never heard of another junior goldy having iocg targets so guessing it will be huge if they hit one
Or are targets common but success rare??
If anyone more knowledgeable could answer that question it’d be much appreciated
I’ve been in a while but not posted, enough to see my investment double and pretty much come down again (small profit) but will be holding till concrete news gives all a more clearer outlook on what the future could hold targets hit, grades etc
As for s.p I’m going to be abit pessimistic and say no iocg but 6.4p
Better to be surprised than let down
Also thanks to all the informative posters
Charlie
Dan the man
Rich ken
Isas
Decent board this compared to some of the others I’ve been on
The sp will be? And why?
Bit of weekend fun.