Member Info for 203Heathfield

Let them wait. This will double up in a blink of any eye IMHO. Just about the cheapest gold play there is now. I see ECR has just started to move and KAT has perked up after their placing.

It will come, just sit on your hands and wait for news. Once drilling plan is announced then people will definitely start to position themselves for that and any upgrades in the JORC resource which may result from this drilling. After a pretty quiet last month or so, I'm expecting this to spring into life soon .

Its definitely coming Dan.

This will build from here and with just over £3m market cap this is very cheap, it should be at least double this by now but i have no doubt it will catch up in time. Any positive drill results (which i am expecting given the Geochemistry results thus far) and this will really take off.

Given the problems in the world at the moment, Gold is certainly where you want to put money for the next few years and Australia is probably the best location for gold exploration. GLA

It certainly is bonkers price. As many have said, this is most probably bottom of the range, so a really good price to accumulate before this takes off into drilling.

GL

As expected all resolutions passed.

Now that this formality is out of the way lets have the RNS detailing the completion of Stage 3 Geochemistry.

Rich,

AGM started about 50 minutes ago. All resolutions will be passed IMHO

Good Man. Best approach is take your position and sit back, ignore the noise and see how things progress. I've got about 1.5%, so not insignificant and will probably look to hold for at least 2-3 years, maybe longer if we end up in GGP position at that time, so no rush at all for me. I'm very happy with how things are going here.

A little bit of patience required that's all.

We are at the beginning and these stages never seem to go as quickly as people would like but it won't be long before we are all talking about drilling, then this really opens us and hopefully stretches its legs. I'm in no doubt that they they have finishes Stage 3 of the Geochemistry and the RNS is being put together.

I see that over the last couple of day boredom has set in for some. Good luck to everyone what ever they decide to do but never sell what you can't buy back and those selling now, will have to buy back higher in the next few weeks, if they so desire. All IMHO of course.

I wish you would go now.

If you don't like the BOD then why the hell would you continue to hold. Do you think that derisking the drill is a bad idea! Do you lack a bit of patience or were you expecting a ten bagger in a few weeks?

Strange attitude from people in here, it's almost as if it is the first time they have invested in a junior gold exploration company.

https://www.kitco.com/news/2020-06-24/-3-000-gold-price-no-longer-target-it-s-now-10-000-if-Fed-assets-collapse.html

Well this is a nice thought. What would this do to our valuation i wonder.

No one was willing to sell at 1.55p, so up she goes. Almost 1.80p to buy.

This will look very good in a few weeks time IMHO.

Clearly the drilling company are happy to take shares in lieu of cash.

What does that tell you?

Dilution is fine though, we shouldn't see it as a dirty word.

This is junior gold exploration. Every gold miner in this space has to fund raise to prove up their assets. What's good for COBR is they placed at 2.25p which when you look back over the history, you will note that on 6 occations has the sp closed above this level, they could of raised at 1p, which would have been far worse. Coupled with this the drilling contractor is taking equity, they have a slimmed down BoD, so the money is being spent on derisking the drill and drilling with limited salary costs.

This is a well run operation, make no mistake.

Quite possible.

We were told that Stage 3 would be completed by the end of this month, so the result of this could be issued at any time really.

These results will then determine the drill site locations, so we would probably have quite a bit of news around that. It going to get interesting over the next couple of months.

Within 2 weeks we will have completed Stage 3, then its preparations for drilling Q3/Q4, so probably Sept / Oct to tie in with the beginning of Aussie Summer. I would expect quite a bit of news flow over the next 4 weeks or so.

The 1.5p sell looking rather silly now.

Great rebound, almost back to flat from -17%. Hold for gold!

That would be about the right time Wolf but ultimately that is not a massive sell really. A lot of us probably hold more than that. Just MM trying the shake the tree.

There has been a great response though, showing there is real appetite in this stock.

That's a lot of buying in the 1.7-1.9p range.

The last opportunity to buy at this level IMHO. I think we may finish flat or even slightly up.

Probably a delayed sell but lets face it after investing in these markets for well over twenty years, what i can say with confidence, is that there is no rhyme or reason for drops in the vast majority of cases.

In a lot of cases MM want to spook PI and pick up cheap stock. This is one to keep hold of, just look at how many times GGP was shaken in the early days.

Once Stage 3 is complete, preparations for drilling will commence and the anticipation will build. I expect this then to break above previous highs.

GLA

Then drilling to start in Q3/Q4, so they are probably targeting Sept/Oct.

I completely agree with you.

I have just added another £12,000 a few moments ago. Very difficult to buy, kept going to NT, so had to buy in several tranches. Expecting good things here and agree with you Dan, the run up to drilling will see this break into a new level.

GLA