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Pin to quick picksCobra Resource Share News (COBR)

Share Price Information for Cobra Resource (COBR)

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Share Price: 1.275
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Change: -0.025 (-1.92%)
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Open: 1.30
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EXECUTIVE CHANGES: Block Energy investor targets chair; Cobra taps CEO

Mon, 05th Jul 2021 15:35

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Monday and not separately reported by Alliance News:

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Block Energy PLC - oil and gas production and development in Georgia - Receives letter from 5.0% shareholder Forest Nominees requisitioning a general meeting to vote on removing Chair Philip Dimmock from the board and replacing him as chair with Chuck Valceschini, a current non-executive director. In its letter, Forest doesn't provide a reason for the change. Block Energy says it will comply with its obligations to call the meeting and will make further announcements. Separately, Block says Chris Brown has resigned as an independent non-executive director but will serve his notice period to October 2.

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Cobra Resources PLC - Wudinna gold project in South Australia - Hires Rupert Verco as chief executive officer, starting Monday next week. Verco is a geologist who has been technical mining specialist at Xenco Mining Services in Australia since 2018. Prior to Xenco, Verco was mine manager for Tarcoola Gold and surface mining supervisor at the Challenger gold mine, both in South Australia.

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IG Design Group PLC - Milton Keynes, Bedfordshire-based consumer gift packaging - Hires Stewart Gilliland as non-executive chair designate and Clare Askem as non-executive director, both effective immediately. Gilliland will replace John Charlton at the annual general meeting in September. He currently is chair of cider maker C&C Group PLC and a non-executive director of supermarket chain Tesco PLC and of wine maker Chapel Down Group PLC. Askem was managing director of Habitat at J Sainsbury PLC. She currently is a non-executive director of Portmeirion Group PLC, Studio Retail Group PLC and Law Debenture Corp PLC.

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ULS Technology PLC - Thame, Oxfordshire-based online platforms for conveyancing and financial intermediary markets, including DigitalMove - Hires Simon McCulloch as chief commercial & growth officer and Ed Mardell as chief technology officer. ULS says McCulloch has over the past year led the global wealth & insurance digital channel at lender HSBC Holdings PLC, prior to which we worked at ComparetheMarket.com. Mardell has worked on property portals as CTO for publishers Daily Mail & General Trust PLC and Guardian Media Group.

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Rosslyn Data Technologies PLC - London-based cloud enterprise data analytics platform - Founder & Chief Information Officer Hugh Cox retires from the board immediately but will remain a company employee, focused on operations and supporting clients. In April, Roger Bullen departed as CEO, replaced by Paul Watts, who had been chief customer officer. Chief Financial Officer Ash Mehta will leave at the end of August.

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BB Healthcare Trust PLC - healthcare-focused investor - Hires Kate Bolsover as non-executive director, effective immediately. Bolsover is chair of Fidelity Asian Values PLC, senior independent director of Invesco Bond Income Plus Ltd, and non-executive director of TR Property Investment Trust PLC. She is a non-executive director of fund manager of Baillie Gifford & Co Ltd. As an executive, she was director of Corporate Communications at JP Morgan Cazenove.

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By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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20 Jun 2022 11:57

IN BRIEF: Cobra Resources discovers high-grade intersection at Wudinna

Cobra Resources PLC - Wudinna gold project in South Australia - Identifies "exceptional" high-grade rare earth element intersections within saprolite clays at several regional targets at the stage 4 reanalysis of a further 78 drill holes from its Wudinna project in Australia. Says that a number of the prospects yielding high-grade rare earth intersections will be tested within its current aircore drilling programme. Adds that the high-grade intersections occur along a 47-kilometre structural trend across the project's 1,832 square kilometres.

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14 Jun 2022 14:25

IN BRIEF: Cobra Resources to start aircore drilling at Wudinna site

Cobra Resources PLC - Wudinna gold project in South Australia - Says McLeod drilling has mobilised the Wudinna project site in South Australia to start the first phase of the company's 2022 field programme. It intends to drill a total of 6,000 metres across 97 holes.

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31 May 2022 11:57

IN BRIEF: Cobra Resources annual loss widens on higher costs

Cobra Resources PLC - Wudinna gold project in South Australia - Pretax loss widens to GBP1.7 million in 2021 from GBP1.0 million the year before. Puts this down to finance costs that jumped to GBP1.1 million from GBP39,755. Recognises no revenue in the year, as it still in its pre-revenue stage and raises funds for its activities through the issue of equity and debt.

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31 May 2022 10:44

SMALL-CAP WINNERS & LOSERS: IQ-AI's IB Zero G moves closer to approval

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.

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5 May 2022 20:12

IN BRIEF: Cobra Resources re-analysis shows rare earth mineralisation

Cobra Resources PLC - Wudinna gold project in South Australia - Reports results from stage 2 and 3 re-analysis of a further 96 drillholes from historic drilling at the Baggy Green and Clarke prospects. Says rare earth elements intersected across a broad region connecting the Baggy Green and Clarke prospects, extending the defined REE mineralisation footprint at Wudinna to approximately 4 kilometres, with mineralisation open in multiple directions. At a 350 parts per million total rare earth oxidecut-over grade, 85 holes produced significant intersections where the average grade was 530 ppm TREO over an average true width of intersection of 15.4 metres. Metallurgical test work is underway.

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13 Apr 2022 18:47

TRADING UPDATES: BlueRock output rises; Watkin Jones profit to fall

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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6 Apr 2022 14:51

IN BRIEF: Cobra Resources jumps as results confirm more mineralisation

Cobra Resources PLC - Wudinna gold project in South Australia - Says results from the reanalysis of 15 drillholes at Baggy Green, Barns, and White Tank on the Wudinna gold project in South Australia confirmed more rare earth mineralisation above gold resources. Continues that it confirmed the potential for clay hosted ion adsorption mineralisation within the saprolite horizon above and proximal to the existing gold resources. Explains it reanalysed the holes after its recent rare earth discovery at the Clark site. Says that the quantity of high-value magnet rare earths is consistent with results from the previously reported Clarke discovery. Notes that results from 38 holes at Clarke and a further 66 holes from Baggy Green are expected this month.

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14 Mar 2022 20:57

TRADING UPDATES: Cobra in line for earn-in; Argo agrees fleet swap

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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16 Feb 2022 13:24

IN BRIEF: Cobra Resources raises GBP945,000 for Australia gold project

Cobra Resources PLC - Wudinna gold project in South Australia - Confirms raises GBP945,000 from an oversubscribed placing of 63.0 million shares at 1.5 pence each. Cobra had first announced its plans on Tuesday, and the amount raised was what it had targeted. The placing was run by SI Capital Ltd and Taylor Collison Ltd acted as joint bookrunners. The new shares equal 14.9% of the expanded total. Non-Executive Director David Clarke bought 6.3 million shares in the placing, worth GBP95,071.

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15 Feb 2022 22:16

TRADING UPDATES: Tullow faces Norway charge; Light Science wins grant

(Alliance News) - The following is a round-up of updates by London-listed companies, issued Tuesday and not separately reported by Alliance News:

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7 Feb 2022 18:33

TRADING UPDATES: Wheaton Precious 2021 production meets guidance

TRADING UPDATES: Wheaton Precious 2021 production meets guidance

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24 Nov 2021 11:19

SMALL-CAP WINNERS & LOSERS: MGC Pharma up as on track to hit targets

SMALL-CAP WINNERS & LOSERS: MGC Pharma up as on track to hit targets

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12 Nov 2021 14:25

IN BRIEF: Cobra Resources raises Wudinna project interest to 65%

IN BRIEF: Cobra Resources raises Wudinna project interest to 65%

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12 Oct 2021 19:44

TRADING UPDATES: PCI-PAL adds Amazon platforms; Mode Global, THG team

TRADING UPDATES: PCI-PAL adds Amazon platforms; Mode Global, THG team

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12 Oct 2021 16:26

Cobra executes first phase of exploration programme at Wudinna

(Sharecast News) - South Australia-focussed gold exploration company Cobra updated the market on its recent exploration activities at the Wudinna Gold Project on Tuesday, reporting that it had successfully executed the first phase of its 2021 exploration programme through an "extensive" geochemistry drilling programme using pathfinder chemistry.

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