Member Info for Alwaysone

As dissapointed as I still am at the moment, I think what fairview just wrote is correct. I think Craig/Cobra getting a bit of bashing on Twitter .

Just taken off their website Shelly123...digging in a bit deeper into the history, but I think many of the LTHs would know all this
https://cobraplc.com/projects/the-wudinna-project/

Craig Moulton, Director of Cobra, commented:



"Given we still have 80 per cent 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. The substantial 31m intersection has been intersected north of mineralisation previously drilled at Clarke. It is apparent that extensions down dip and along strike from this intersection represent a high priority target for a future drilling programme.



It is important to remember that there are currently no resources estimated for Clarke and so we now have the potential for a new resource zone some 1.75 km north of that existing at Baggy Green."



A PDF version of the announcement, inclusive of images, can be accessed via the link below:

http://www.rns-pdf.londonstockexchange.com/rns/3385H_1-2020-12-2.pd

Between 1996 and 1997, Newcrest Mining Ltd (“Newcrest”) completed reconnaissance-scale calcrete sampling survey on the tenement (then EL 2188) on which Barns is now located, with initial samples spaced at 1 km. A number of adjacent reconnaissance samples returned anomalous gold values over the Barns area. Infill sampling at 500 m centres completed by Newcrest in 1998 defined a large gold anomaly with a peak value of 31 ppb. The dimensions of the Newcrest anomaly, using a threshold of 2.5 ppb Au, approached 4.5 x 1.5 km.

In early 1999, Newcrest, which was enjoying considerable exploration success in the Cadia district in New South Wales, determined to dispose of EL 2188. Check sampling completed by Adelaide Resources (now Andromeda Metals) validated the existing anomalous gold-in-calcrete results and the company acquired a 100% interest in the property in late 1999.

In 2000, Andromeda (formerly Adelaide Resources Pty Ltd) completed further calcrete sampling over Barns at 400, 200 and 100 m centres. The resulting geochemical feature was a large coherent anomaly with a peak value of 49 ppb gold and included significant areas above 10 ppb. Calcrete samples were collected by hand auger and assayed at Amdel Laboratories using a low-level BLEG technique, giving a lower gold detection limit of 0.05 ppb.

The Barns, Baggy Green and White Tank gold deposits of the Wudinna Project were discovered by drill testing gold of calcrete geochemical anomalies.

The Barns gold deposit was discovered in 2000, with significant intersections including 12 metres at 3.38g/t gold from 67 metres in RCBN-123, and 35.49 metres at 1.80g/t gold from 115 metres in PDBN-134.

Intersections from White Tank, discovered in 2003, include 7 metres at 10.03g/t gold from 63 metres in RHBN-234, and 17 metres at 3.47g/t gold from 60 metres in RHBN-248.

Baggy Green was found in 2004 with notable intersections including 8 metres at 4.79g/t gold from 34 metres in WUD6-770, and 5 metres at 9.01g/t gold from 66 metres in BGRC-865

On a slightly brighter note, if you noted my mention of crypto #LTC 2 weeks ago, you’d be 53% up at time of writing. Just a shame that the majority of my cash is tied up here before yesterday’s results.

“What do people want for a £5m market cap? Miners that haven't even drilled a hole are on a higher market cap than that”

I get where you are coming from but we seemed to be better of not having these drill results. Gold expectations can drive a price high until drilling results are in. Let’s wait on next results and keep fingers crossed. Plus hope the price doesn’t drift much more... Happy Christmas

We’re top :)

Share Fallers

Price Change
Cobra Resource. (COBR) 1.85 -27.45%
Kore Potash (KP2) 0.775 -22.50%
Active Energy (AEG) 0.80 -11.11%
Zenith Energy (ZEN) 0.775 -8.82%
Chariot Oil (CHAR) 8.58 -8.41%

Positive heading
https://www.proactiveinvestors.co.uk/companies/news/937336/cobra-resources-announces-significant-gold-intercepts-at-the-baggy-green-deposit-on-the-wudinna-project-in-south-australia-937336.html

Cobra Resources drill results seem to have disappointed some investors
https://www.kitco.com/news/2020-12-24/Cobra-Resources-drill-results-seem-to-have-disappointed-some-investors.html

Kitco News) - Cobra Resources (COBR:LSE) have announced significant gold intercepts at the Baggy Green deposit. The Baggy Green JORC resource is currently estimated at 94,000 oz and occurs as two deposits. There are said to be a further six exploration holes targeting new mineralisation.

Craig Moulton, Director of Cobra stated "We are currently focused on the geochemical and structural interpretation of these results, and expect that, when combined with the borehole wireline logging data, they will provide a strong indication on the orientation of the mineralisation at Baggy Green. This has positive implications for defining further extensions to the resource. It is encouraging to see relatively thick low-grade intercepts to the south of the existing JORC resource as well as a high-grade intercept well to the north. We now eagerly await the remaining assays at Barns."

The share price is almost trading 13% lower in early trade. It seems investors are waiting for the results from drilling at the Barns and White Tank deposits which are now expected to be announced in January 2021. There has also been some question marks over the gold grades. Here are the highlights of the intercepts:

9m at 1.07 g/t to the north of the southern JORC resource zone

1m at 3.73 g/t in an exploration hole approximately 300m to the north of the northern JORC resource zone

Two thick low-grade intercepts of 13m at 0.33 g/t and 10m at 0.29 g/t both to the south of the southern JORC resource zone

As you can see from the daily share price chart below the bearishness is kicking in this morning. The price is currently near one support area but it has just printed below slightly. Beyond that, there is another level at 1.40 that could be more significant leading into 20th January when the rest of the results are due.

I guess in hindsight, what with the amount of warrants that have been fast tracked in the last 2 to 3 months and the continued delay in assay results ( due to Covid it seems) and the flat stock price ( although share dilution of course) that a not so great RNS might be on the cards. And it arrives on Christmas Eve, no doubt so the bods can hide away until the New Year! Craig Moulton has been so bullish on all his interviews, even ever so recently.
I am not actually comparing as one can't really, but does anyone remember Minmet (and the Mail on Sunday) many years ago. I didn't get caught there but it did leave a bad taste in my mouth for years on gold junior exploration stocks.
Sorry if I sound bitter, but feel slightly conned, even though results are never guaranteed.

All the eagerness on drilling results and look where we are today, over 20% down. Most of my money was in this one, so I’ve made a really bad call here.
It’s not been a great year for me in stocks. Moving from good ones only to find they shoot up after, plus missing a few winners recently as I decided to stay long here. Gutted.

A merry Xmas and a happy ,healthy New Year to you all. Hopefully prosperous here....
A great bb as many have said and nice people as well.
The spread does put a lot of the day traders off

If anyone took my tip, #LTC is up another 35% from Thursday to Sunday afternoon. The highest of the top 10 crypto my market value. Still more to come, $140 soon I’d think. DYOR as ever :) Shame a lot of my cash is here not there but a good portfolio to have over time. As for Covid, what can I say... must keep to a very quiet Christmas.

Very good point you raise here Chinsontour - never say never.......

"If Andromeda went up £20+m on those results they could just buy us at double the current price and still be quids in!"

Direct link here
https://www.share-talk.com/craig-moulton-director-of-cobra-resources-plc-cobr-l-interview/#gs.oekl34

Really sorry to hear about your grandma Caribs and send my condolences .
Like I said before, it's real pleasure to read your postings and often make me smile and stay more upbeat, when things are a little quiet here.
I am also very confident we are going to see some super drill results, but I think in January. If earlier, then a nice Christmas present :)
Coins -- LTC is the one to be in if anyone is half interested

Agree with you Eva - could see it a few months back. But looked great earlier in the year. GLA here anyway

Just looked up Argo Blockchain (Arb) - yes, interesting and riding the BTC wave of course.

Hindy86, I don't know about getting rich but maybe more chance on BTC and LTC than here!
Coinbase is the largest platform to trade and that I use, but they can have a few issues just like HL on stocks.
LTC is one to keep an eye on which is what I am in, aside from just BTC . YFI also on the dips will be huge.
Coins tend to do well when dollar weak...they even say some institions think better than gold, but I don't agree with that one. Well I hope not bearing in mind how much money I have in COBR!
Made worse seeing one of my favourite shares, AFC rising yet again. I was in a sub 20p and sold, it happens I know and I have to sit patiently here for the ride up. We do need the POG to keep highish though as well which I think it will. $1,879 is a good recovery since last week -- $2K again even better for January!

A lot of you weren't saying strong buy when it was drifting under 20p, but all is coming good now

That said, at least my BTC and LTC are flying - crazy market to be in though

A lot of the 25 shares I track are well up today, especially hydrogen energy and Covid plays ( which have dived lately)
ECR up 18% currently, that's the chart we should be emulating and hopefully beating very soon!