Member Info for 203Heathfield

Yes sorry my mistake, yes it is on the Main Market. It just behaves like it is on AIM.

AIM is a it of a mess today, so my view is that it is a combination of this, warrant holders selling a few (we all know none of them are investors, just looking to make a quick buck) and newbies being shaken out. Nothing more IMHO.

Results will be good. Lets also not forget we have 2 other drill programmes after this one. First 1 should start in the next couple of weeks.

They have only just raised £1.5m through a convertible loan note a couple of months ago. Money is being generated through warrants and Craig stated in a recent interview no more funds required until the back end of next year at the earliest.

So no, there is no imminent placing

Rich,

This is an extract from a previous RNS on 24th Aug

"Program 1 - up to 25 holes - 3750m RC Drilling at Baggy Green, Baggy Green North, Laker and Clarke". Commencement date "23rd September 2020"

"Program 2 - approximately 150 auger Geochem samples at Larwood" Commencement date "November 2020"

"Program 3 - up to 20 holes - 3000m RC Drilling at Barns and Larwood" Commencement date "December 2020"

"The strategic aim of these programs is to progress resource development of the Wudinna Project towards the Boards initial target of a 1m oz resource, with specific objectives including:

• Confirm orientation and extend the mineralisation at Baggy Green and Barns

• Define orientation and continuity of mineralisation at Clarke / Laker

• Make new gold discoveries at Larwood and Baggy Green North"

I think this answers your question. The aim is to extend in order to meet the 1m Oz resource but of course some of the IOCG prospects are located in these areas so I'm not sure whether the drilling will test the presence of IOCG. I think we can all say that Craig is quite conservative in his very nature so if I would guess that the IOCG's would come after the resource base has been significantly enhanced but definitely worth a question during the next Q&A session.

Well that is a very nice delayed buy from yesterday morning. Someone is obviously very confident, as i am, that result will be good. Its not that often that you see people lumping in over 110 grand into a minnow like COBR.

Lets also not forget that these warrants adds more to the coffers and reduces the need for another placing, Craig even told us recently that there would not be a need to place until late next year.

I quite like warrants because they are drip fed in and are absorbed on days like today, rather than placings which can stop any potential rise as we have all seen before.

I wish Carribean!

I have about the same as you, just over 2m. Dan has several million i believe. I'm holding this for some time yet. I haven't traded this at all, not sold a single share. I personally think that this has hardly moved yet, wait until we receive positive drill results, then we will see fireworks.

I've always been here, just waiting for COBR to spring into life.

We are in the 2.5-2.7p fighting ground which has always proved to be a bit of a stumbling block, once we clear this level hopefully we will begin the march up to 5p, which i think is fair value for the 211oz we currently have.

Very confident that we will go through the gears soon just needs a bit of patience.

I'm holding onto mine for some time to come. I have built a significant holding over the last 6-12 months and whilst it has been frustrating to see other gold play disappear into the distance, the best approach is to do your research, build you position, ignore the noise and above all be patient.

I expect the results to be fantastic given the amount of prep works they have carried out during the three stage Geochemistry programme. Hopefully towards the end of the month we may start to get some of the initial results back.

Lets also not forget there are other exploration programmes which are following on the back of this too, so this is going to be a continuous stream of news. GLA

Where do you get the 97m warrants at 2p from?

I think that Craig needs to understand the market this is attracting.

I suspect our Aussie counterparts are slightly more patient than we are but some of Craig's comments on the recent interview would have led to some on here reaching for the sell button. I think he need to come across a bit more bullish in interviews rather than taking the major conservative route.

No its the same of crap, ramped on Twitter, then when the price doesn't double overnight, some start bailing at a loss. No doubt those that bought in at 2.3p an hour ago are now desperate to sell out at a loss. It really is comedy hour.

I would like this to go under the radar and quietly go about its business rather than traders messing about with it.

Volume now approaching 10% of shares in issue.

Brilliant volume day.

They probably ran out of idiots willing to sell in the 1.3-1.4 range so they had to move it up. That coupled with director's dealings, up and coming drilling and some high profile twitter traders entering the stock which has provided further exposure.

We all know it is well undervalued, it was obvious this was going to happen at some point.

Now we have a bit of volume, COBR is starting to get noticed. Free float getting snapped up.

Sells at 130-140 not looking so great now. They will look terrible in a few weeks.

GLA

Forget the placing, this will test recent highs in a few weeks IMHO

Someone has been loading up today, i wouldn't be surprised to see further Directors dealing RNSs. Lets not forget, soon we go into a close period for directors, so now is the time for them to buy and why not this is as low as it goes.

I agree Isas, we need clarity on the drilling programme. I suspect this will be provided in the next couple of weeks.

This is what i like to see. Incentivise the BoD to increase the resource base and market cap with options.

Options exercised only when 1m oz is achieved or a market cap of 10m GBP. Clearly they are very optimistic

Daniel, I think you need to look at the Market Cap not the share price.

It depends how far you want to go back. I first noticed GGP in Oct 2017 when they sprung into life shortly after they started the drilling programme for the Paterson Project. Prior to this uplift they had a share price of 0.7p (now they are 12p) but they had 2.9bn shares in issue, so their market cap was in the order of £20m.

We are about to start our drilling programme with a market cap of £3m.

I'm not saying we should be compared to GGP, they had higher grades across their sites before they started drilling but it certainly indicates how low we are in terms of market cap

Yes slightly frustrating but it will come soon.

Both KAT and ECR moving along nicely, looks like COBR will have to play catch up soon.

Gold also showing great strength. Keep the faith, things are about to hot up here soon, hopefully!