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Cobra is starting to tick all the boxes, with the next steps to validate the absorption characteristics and distribution of the REE's it will give a clear picture (and validation) of what we have. With easily recoverable, high value REE's across an enormous acreage Cobra can't stay under the radar much longer.
Great work by Rupert and the team at Cobra.
What an RNS, the scalability across the 3 zones is enormous! A great start to the week after reading that :)
“Modelled mineralised units support exceptional scale”
Great news!!
"Stage 3 Earn-In to Obtain 75% of the Wudinna Project Achieved"
Great to see the maiden rare earth resource estimate land and looks like a decent size at that, some positive comments in there about it having upside potential and the drilling in march potentially adding to this.
In Ruperts own words "exceptional result"
2023 is going to be a very exciting year for Cobra.
“Exceptional high grade clay hosted rare earths above and proximal to goal mineralisation”
Sounds like a whopper of an update to me, huge amount of RRE’s, at low depths and above gold.
Great news, that’s a 37% increase in land and even better that it’s 100% Cobra!
That should say $ not £
It is strange, possibly people being put off with the spread? Some decent buying today and a nice 500k at 2.45p this afternoon.
Some very exciting times ahead and look forward to a steady stream of news, including what we will be spending our £70k government grant on.
Also Happy birthday BTB!
Happy to wait and hope the good news continues to flow.
Had a top up today but could only buy in small quantities, no quote on anything over £3k
Another excellent RNS and delighted to see Cobra being granted funds to advance exploration by the South Australian Government.
I can see people starting to take notice of Cobra now and what we have here.
Excellent RNS proving a significant REE resource with good grades found on every hole. Rupert himself stating in the RNS that this is a “transformational discovery” and puts Cobra in a “very enviable position”.
Further results due this month with 104 samples at the lab and an exciting year ahead with IOCG targets and JV.
2022 is ?? year to shine!
I’ve just woke up as on nightshift and had a quick read through the RNS, wording and results indicate we are onto something significant. Excellent to see the share price starting to move and hope this is cobra turning the tide! Being on the 2022 program and drilling of IOCG target 1 ( I think it was due for 1H of the year).
FYI the current live buy is 1.5 and live sell is 1.4, so a true spread of 6% of something.
Couple of 250K buys today and were up to full ask, like you said BCB won't take much buying pressure to set this going!
News due any day now of the drill bit breaking ground!
All sounds very positive. plenty cash in the bank “the Company had available cash of £1.12m” , on track to increase earn-in to 65% ownership and drilling starting at the end of October. Looking forward to the next few months of news and then beyond!