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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: 1.075
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TRADING UPDATES: TT Electronics trading encouraging, revenue jumps

Tue, 09th May 2023 17:09

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

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EnQuest PLC - London-based energy company with assets in the UK and Malaysia - Signs agreement, on behalf of the PM8 production sharing contract parties with Petronas to support Peninsular Malaysia's gas demand by providing additional gas from the Seligi field through the existing PM8E PSC facilities until the end of 2025. Expects the agreement to increase EnQuest's gas production by around 25 million standard cubic feet per day initially from associated gas. Explains increasing gas production aligns with EnQuest's strategy of responsibly managing existing energy assets, enhancing exposure to gas and international assets, and will contribute to a reduction in EnQuest's carbon intensity.

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Windward Ltd - Tel Aviv, Israel-based maritime predictive intelligence company - Reports demand for Windward's AI powered predictive intelligence platform has continued into 2023, delivering top line growth which is expected to reduce the time taken to reach profitability. Now has over 150 customers, up from 132 at the start of the year.

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Reabold Resources PLC - London-based oil and gas company with projects in the UK, US and Romania -

Agrees to buy 3.1% shareholding in LNEnergy Ltd for GBP250,000 cash. Deal includes options to acquire further shares in LNEnergy which would result in Reabold holding a 25% stake in the company for GBP3.8 million in cash and shares. Notes LNEnergy's primary asset is an option over a 90% interest in the Colle Santo gas field, onshore Italy in the Abruzzo region.

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Glenveagh Properties PLC - Dublin-based housebuilder - Chair John Mulcahy buys 210,000 shares at EUR0.94 each worth around EUR199,000.

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TT Electronics PLC - Surrey, England-based electronics provider - Provides update on trading in the first four months of 2023. Reports momentum from last year has continued and trading in the year to date has been encouraging, reflecting the structural growth of TT's end-markets and the strength of customer relationships. Points out group revenue was 16% higher than the previous year on a constant currency basis. Adds the performance in Power and Connectivity is much improved on the first half of 2022 and Sensors and Specialist Components and GMS divisions continue to perform well. Further, highlights the order book remains close to record levels and current year expected revenues are now almost fully covered by orders. Holds guidance for the full year.

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Octopus Renewables Infrastructure Trust PLC - London-based investment firm, focused on electricity generation assets - Reports net asset value at March 31 is 107.7 pence per share, down from 109.4p at December 31. Explains ORIT benefits from a high proportion of fixed contracted revenue, and at March 31, around 78% of forecast revenue over the 24-month period to March 31 2025 is fixed and therefore not exposed to near-term power price fluctuations.

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Bradda Head Lithium Ltd - Isle of Man-based, US-focused lithium exploration company - Announces soil sampling results confirming a nine kilometre mineralised trend along with further significant drill hole intercepts of high grade lithium bearing minerals on multiple targets. Notes these results were from the third and final set of assay results from the maiden diamond core drilling programme at Bradda's 23 square kilometre San Domingo pegmatite district in Arizona.

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Cobra Resources PLC - Gold, rare earth and IOCG exploration company focused on the Wudinna Project in South Australia - Announces further gold results from a recent 20-hole, 2,466 metre reverse circulation drilling programme and the completion of a dual purpose, 95-hole regional Aircore drilling programme. Highlights significant resource expansion potential at the White Tank 13,000 ounces gold resource, demonstrated by CBRC0070 which intersected 12 metres at 2.35 grams per tonne of gold from 54 metres, including 2 metres at 8.5 grams per tonne of gold. Further, notes increased strike of gold mineralisation at the Clarke prospect to over 700 metres. Adds Aircore drilling programme confirmed Redox conditions within a significantly scalable palaeo-drainage system that is considered highly prospective for ion-adsorbed rare earth elements mineralisation.

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By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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

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26 Apr 2024 20:02

TRADING UPDATES: Facilities by ADF profit hit by Hollywood strikes

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

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22 Apr 2024 14:03

Cobra completes acquisition of 100% stake in rare earths project

(Alliance News) - Cobra Resources PLC on Monday said that conditions relating to the Wudinna project acquisition agreement have been met.

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25 Mar 2024 12:35

Cobra Resources shares jump on "sensational" Boland drilling results

(Alliance News) - Cobra Resources PLC on Monday said that results from sonic core drilling at the Boland ionic rare earths prospect demonstrated a sound source of magnet and heavy rare earths.

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19 Mar 2024 16:17

EARNINGS AND TRADING: Pebble doubles dividend despite reduced profit

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

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27 Feb 2024 15:20

IN BRIEF: Cobra Resources says assay shows "massive scale potential"

Cobra Resources PLC - Australia-focused gold and rare earth exploration company - Reports historical drillhole stage 1 re-assay results at its Wudinna project in South Australia, which "support massive scale potential of palaeochannel-hosted ionic rare earths". Says testing has defined heavy rare earth oxide enriched mineralisation in the Yaninee Palaeochannel, southwest of the Boland prospect. Intersections confirm prospectivity across a further 150 kilometres squared of Cobra-held palaeochannel. Mineralisation is in same geological units as Boland, where conditions support high recoveries.

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19 Feb 2024 13:26

IN BRIEF: Cobra Resources reports "highly encouraging" Boland results

Cobra Resources PLC - Australia-focused gold and rare earth exploration company - Completes sonic core drilling at the Boland rare earths prospect in the Wudinna project in South Australia. Says preliminary observations "are highly encouraging", suggesting that Boland "has the right features to be a low cost, low impact source of magnet rare earths". Testing finds high grade concentrations of rare earths within permeable zones, coinciding with "exceptional metallurgical recoveries". Permeability testing is underway to define the site's production potential.

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12 Feb 2024 12:07

IN BRIEF: Cobra Resources up as company begins uranium testing

Cobra Resources PLC - Australia-focused gold and rare earth exploration company - Says it will begin testing for extensions of roll-front uranium mineralisation from the Yarranna uranium project, adjacent to the company's Boland ionic rare earths discovery in southern Australia. The Yarranna project is held by IsoEnergy Ltd, an Oxfordshire, England-based uranium company. In January, however, Cobra was granted an additional exploration tenement which extends to the southeastern portion of the Yarranna prospect. Historical water samples at Yarranna include U3O8 up to 12,300 micrograms per litre. Uranium's current spot price of USD106.00 per pound is at its highest level since 2007.

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7 Feb 2024 10:56

Cobra Resources begins sonic core drilling at Boland rare earths asset

(Alliance News) - Cobra Resources PLC on Wednesday said it has begun sonic core drilling at the Boland rare earths prospect in Australia.

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9 Jan 2024 10:36

Cobra Resources granted two new tenements in South Australia

(Alliance News) - Cobra Resources PLC on Tuesday said it has been granted two rare earth tenements totalling 1,512 square kilometres in South Australia.

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22 Nov 2023 12:21

TRADING UPDATES: Accrol to beat consensus; Plant Health cautions

(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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15 Nov 2023 12:13

IN BRIEF: Cobra Resources shares up on fully subscribed share placing

Cobra Resources PLC - South Australia-focused gold and rare earth exploration company - Says that a previously announced placing is fully subscribed, and will raise the maximum amount of GBP991,300 through the issue of 99.1 million new shares. The issue price of one pence per share represents an 11% premium to the mid-market closing price on November 14. Each share will be issued with a warrant attached, with an exercise price of two pence.

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14 Nov 2023 18:43

TRADING UPDATES: Petra Diamonds chair to retire

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

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28 Sep 2023 13:07

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

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28 Sep 2023 09:49

SMALL-CAP WINNERS & LOSERS: Hansard Global shares rise as profit jumps

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

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