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Pin to quick picksCobra Resource. Share News (COBR)

Share Price Information for Cobra Resource. (COBR)

London Stock Exchange
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Share Price: 1.225
Bid: 1.15
Ask: 1.30
Change: 0.00 (0.00%)
Spread: 0.15 (13.043%)
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Prev. Close: 1.225
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UK TRADING UPDATE SUMMARY: Bitcoin Miner Argo In Monthly Revenue Rise

Thu, 03rd Dec 2020 17:37

(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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Argo Blockchain PLC - UK-based cryptocurrency miner - Mines 115 bitcoin or equivalent in Novmeber, down from 126 in October. "The reduction in the number of coins mined in November compared to October is due to changes in mining difficulty and the Zcash halving which took place on November 17. This takes the total amount of BTC mined year-to-date to 2,369," Argo adds. Based on daily exchange rate, mining revenue in November was GBP1.5 million, up from GBP1.2 million in October.

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Iconic Labs PLC - media company - Announces JOE Media unit secures contracts worth more than GBP750,000. "The contracts are with clients in a number of sectors including gambling, video games, online music streaming," Iconic adds.

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Nucleus Financial Group PLC - Edinburgh-based financial wrap platform - Aquiline Capital Partners LLC says it does not plan to make offer for Nucleus after "highly preliminary discussions".

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Invinity Energy Systems PLC - vanadium flow batteries manufacturer - Plans placing to raise GBP20.5 million and further GBP2 million through open offer. Says 11.7 million shares placed at 175 pence each in placing, 1.1 million in open offer. "Funds raised will be used to scale up production capabilities to meet commercial demand, execute on sales pipeline and thereby assist in driving down unit costs," Invinity says.

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Volution Group PLC - Crawley, England-based supplier of ventilation products to the residential and commercial construction markets - Pens sustainability-linked revolving credit facility. The GBP150 million loan, with a GBP30 million accordion facility, replaces a GBP120 million loan. Facility runs for three years until December 2023, with option for two-year extension.

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Jupiter UK Growth Investment Trust PLC - investment trust - Updates on wind-down measures. Agrees to proposals with Brown Advisory Funds PLC to offer Jupiter shareholders a choice of roll over investment in Jupiter to new shares to be issued by a sub-fund of Brown, or electing for a normal cash exit.

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Global Petroleum Ltd - oil and gas company focused on Africa and the Mediterranean - Recently bought historic 2D seismic data of PEL0094 licence, Namibia. Also acquired historic data from underexplored eastern part of block. "The company expects the interpretation of this data significantly to enhance the prospectivity already identified in this area," Global Petroleum says.

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Cobra Resources PLC - exploration and mining company focused on the Wudinna gold project in Australia - Reports "significant high-grade gold intercepts" at Clarke deposit at Wudinna. "Given we still have 80% of the assay results still to come, we are very excited about these initial high-grade intersections at Clarke which have positive indications for the future of the Wudinna project," Director Craig Moulton says.

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Active Energy Group PLC - London-headquartered biomass-based renewable energy business - Says Player Design Inc appointed in September to complete engineering and construction process of CoalSwitch reference plant at Lumberton site. Active Energy sources additional equipment and begins procurement process. "Construction crews will commence work in January 2021 with commissioning of the plant expected during Q2 2021," Active Energy adds.

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Landore Resources Ltd - Canada-focused minerals explorer - Says drilling programme at BAM gold deposit, Canada, progressing as planned. Adds that 15 drill holes completed to date. Says gold prices surge in 2020 has meant more exploration in Canada, causing a backlog of sampling. "As a result the time now expected for full analysis has doubled to 6-7 weeks from delivery to the laboratory," Landore adds.

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Zephyr Energy PLC - Rocky Mountain oil and gas company - Signs drilling contract with Cyclone Drilling Inc. "Cyclone, based in Gillette, Wyoming, is one of the leading providers of rigs in the Rocky Mountain region," Zephyr adds. "Cyclone's fleet of modern rigs was purpose-built for operating in the remote locations and rugged environment of the Rockies, and they hold one of the best drilling safety records in the US oil and gas industry.

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Salt Lake Potash Ltd - Australia-focused miner - Says ASX voluntary trading suspension to remain until either an announcement of debt financing or opening of trade on December 10.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
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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21 Sep 2021 11:54

TRADING UPDATES: Cambridge Cognition in profit; PensionBee loss widens

TRADING UPDATES: Cambridge Cognition in profit; PensionBee loss widens

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6 Sep 2021 11:05

IN BRIEF: Cobra Resources continues work programme at Wudinna

IN BRIEF: Cobra Resources continues work programme at Wudinna

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