Biggest single buy on the open market in a while, like you said word it getting out and people are starting to load up.
Looking forward to those first samples coming back, given it was open in all directions in the RC drilling program the RRE's could be a (un-expected) game changer. Then we have the IOCG's, the plan to reach 1M oz of gold and the JV, 2020 is indeed shaping up to be the year of the Cobra.
Rupert stated in an interview on the 16th Feb that there are over 640 samples at the lab and expects to be able to release news to the market in the coming weeks, so I would guess it could be anytime from the end of this week onwards.
After that I would expect we will see the drilling plan being announced, in particular the plan for the first IOCG target which is due to be drilled in the 1H.
https://www.proactiveinvestors.co.uk/companies/news/974261/cobra-resources-oversubscribed-raise-means-they-can-execute-very-rapid-exploration-approach-974261.html?viewSource=TwitterUK
Couldn't agree more, been here for over a year and will be here a long while yet.
We should see some results coming in from those core samples for RRE's in 2 weeks ( I think that was the time frame mentioned for the first batch coming back, correct me if i'm wrong).
Also look forward to hearing the drilling plan for 2022, presentation from last year stated that we would be putting holes in the first IOCG target in the first half of 2022.
Have a good weekend all
I'm just watching the presentation now but had to stop and rewind on the comment around hole 48 with 9024ppm rare earth elements.
Rupert states "This is one of the highest grade intercepts that's been reported in Australia on an IAC clay target".
With the current political drive to develop Australias own rare earth reserves this is huge news. So much potential here and great to see a rise today, looking forward to the 2022 plan and going by presentations last year can expect the drilling to begin on 1 of the IOCG targets in the first half.
Update presintation with 2021 results and 2022 plans which includes RC drilling of IOCG's targets 1-3 in 1H 2022!
https://cobraplc.com/corporate-update-presentation-december-2021/
Latest interview from Proactive today, Rupert can't stop smiling when telling them about todays results.
https://twitter.com/proactive_UK/status/1468548927259566080?s=20
Excellent news, great to see the gravity survey come back and confirmed gravity anomalies that support IOCG with the huge bonus of these only being at a potential 80-100m deep.
Look forward to the team putting together their drilling program and like you said Bitcoinbuyer the market cap v potential opportunities that Cobra have offers incredible, value in my opinion.
Look forward to the first drill cores coming back, I suspect we will get these before xmas and updates on the JV.
Great to hear the RC drill rig has arrived onsite and also the ground gravity survey team to test the IOCG targets 1-3. Some really exciting times ahead and nice to see the team upping there communications to investors.
It's a shame to see Craig leave but also nice to see some updates on the forward plan, "strike into areas not previously drilled or geochemically sampled" sounds exciting. Anyways managed a top up this morning and happy with my current pot of shares.