Member Info for Charlie1984

SP was 3.6p
Placing at 2.25p
Warrants at 2p last week
MMtrying a tree shake making every trade look like a sell and drying to drop SP to take out stop losses, IMO we will finish blue and MM will let the SP move once buy orders are filled - GLA

Possible but order or orders getting filled MM trying a tree shake

Iron oxide copper gold ore deposits

Decreases production costs

Impressed by the technology and the data sample an analysis which is mapping out the licence areas. Some very exciting pathfinders and grades which could be very, very rewarding.
Personally I think he is being conservative judging by the look on his face of having a 1m oz reserve by year end, the smirk of confidence.
Costs are low as well which increases production costs. They are open to farm in and farm out and this falls in line with my feeling COBR will be approached and bought out - GLA

Going of my minimum calculations this would be 14.98 - 22.4 up to a possible 45p per share per 1m oz so to hit the 14.98 p would be an average rise of 1.85p per month till year out and that’s at the lowest end of the scale - GLA

Yes he hopes to update very soon

Potential updates out of hours released in tonight’s Webinar, opportunity to buy in this afternoon prior to potential news and still below the placing price which is crazy high of 3.6p and momentum only stopped by that placing which was little over 31m and never seen the market. What PIs dont realise is we still only have a free float of 44.3m many of which is held by PIs so will be considerably less which explains the difficulty to buy large volume.
Expecting BIG things from this company and that’s why I am happy to take a position hold and add to that position at any level - GLA
Looking forward to 7pm Webinar tonight

Open up the spread and increase the ASK in order to show the SP in a negative, MM trying their best to hold this but buys coming in and little to no selling as soon as the MM draw the spread in this will bounce 7-10% up still trying to shake the share and show the market a different picture to what is actually happening predicting a minimum of a 2.25 close today always a afternoon rally share GLA

MM suppressed the open with a delayed sell trade, personally think they are trying to pick up cheap shares but majority of PIs are buying but low volume about at these levels available expecting a tick up and blue by lunch with strong finish. Any updates tonight in the webinar that are market sensitive will need RNS tomorrow GLA

Just had the invitation for the webinar for those not signed up go to share talk to get the link 7pm tomorrow night

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211,000 oz resource
Large land position ~2000km2
80km+ wide
3 Brownfield Deposits
21 Greenfield gold targets
4 NEW IOCG (Olympic Dam style) copper gold Prospects
https://buff.ly/2V67xRL

Expecting a few to start taking position today for the webinar tomorrow and possible further updates which may or may not be updated via RNS either today or tomorrow prior to webinar certainly interesting times ahead - GLA

Notice of AGM

It’s worth noting why others may have held licensing back in the 1990s the average gold price was in $350 per oz range ( https://www.statista.com/statistics/274001/gold-price-per-ounce-since-1978/ )
We are now in the $1730-1765 range with prices forecasted could rise as high as $3000 per oz.
Copper is also at $2.83 per lbs or $5584.40 per ton so we are in an exceptional position we may also have take off agreements in place further down the line which helps with funding and securing the sale of these elements.
I am still personally of the opinion that this will be bought out before we get to that stage - GLA

Positive start to the day tick up expected - GLA

Share_talk webinar Wednesday expecting updates before the webinar but speaks volumes for the SP that warrant are getting exercised above current SP. in fact don’t think I have e er seem that normally always at a discount to the SP so hopefully a sign of things to come this week GLA

Very much a sleeping giant this below posts of from a few weeks back, we could also be factoring in other minerals such as copper etc so could go anywhere - GLA

Previous Posts on Figures - lots to play for on breakout26 May 2020 12:05
We just need the RNS confirming exactly whats in ground first stop will be 7.2-10.8p (3.6p 12 month high +100 to 200%)

MC of 10-15% of in ground resource

1 million OZ is currently $1765 I calculated costs at $765

That leaves $1k per oz even if we only retained 60% of the company the rest was offset for drilling and JV partner
That leaves us $600 per oz or approx £500 per oz
500 x 1 oz = £500m very easy maths from here (MC this morning is ruffly 5m so divide 5 by the below current MC then times the current SP – 3p I then factored this by 60% for the 100m shares warrants, why it may not be 100% accurate it gives you an idea)

1m oz - £500m (MC at 10% & 15% £50-75m) 30 – 45p / 60% -16.75% = 14.98p – 22.4p
(x6.24 – x9.3 current value of holding @ 2.4p)
2m oz - £1billion (MC at 10% & 15% £100-150m) 60p – 90p / 60% - 16.75% = 29.97p - 44.95p
(x12.4 – x18.7 current value of holding @ 2.4p)
3m oz - £1.5billion (MC at 10% & 15% £150-225m) 90p - £1.35 / 60% -16.75% = 44.9p – 67.4p
(x18.7 - x 28 current value of holding @ 2.4p)
4m oz - £2 billion (MC at 10% & 15% £200-300m) £1.20 - £1.80 / 60% - 16.75% = 59.94p – 89.9p
(x24.97 – x37.46 current value of holding @ 2.4p)
5m oz - £2.5 billion (MC at 10% & 15% £250-375m) £1.50 - £225 / 60% - 16.75% = 74.9p - £1.12
(x31.25 – x46.8 current value of holding @ 2.4p)
6m oz - £3 billion (MC at 10% & 15% £300-450m) £1.80 - £2.70 / 60% - 16.75% = 89.91p - £1.35
(x37.4 – x56.19 current value of holding @ 2.4p)
7m oz - £3.5 billion (MC at 10% & 15% £350-525m) £2.10 - £3.15 / 60% = £1.05 - £1.57
(x43.75 – x65.5 current value of holding @ 2.4p)

Buy Out
1m oz - £500 million (MC at 5% & 7% £25-35m) 15p – 21p / 60% - 16.75% = 7.5p – 10.5p
(x3.12 – x4.37 current value of holding)
2m oz - £1billion (MC at 5% & 7% £50-70m) 30p – 42 p / 60% - 16.75% = 14.98p – 20.97p
(x6.23 – x8.73 current value of holding @ 2.4p)
3m oz - £1.5billion (MC at 5% & 7% £75-105m) 45p – 63p / 60% - 16.75% = 22.47p – 31.46p
(x9.47 – x13.1 current value of holding @ 2.4p)
4m oz - £2 billion (MC at 5% & 7% £100-140m) 60p – 84p / 60% - 16.75% = 29.97p – 41.95p
(x12.4 – x17.47 current value of holding @ 2.4p)
5m oz - £2.5 billion (MC at 5% & 7% £125-175m) 75p - £1.05 / 60% - 16.75%= 37.46p – 52.44p
(x15.6 – x21.85 current value of holding @ 2.4p)
6m oz - £3 billion (MC at 5% & 7% £150-210m) 90p – 1.26 / 60% - 16.75% = 44.95p – 62.9p
(x18.72 – x26.2 current value of holding)
7m oz - £3.5 billion (MC at 5% & 7% £175-245m) £1.05 - £1.37 / 60% - 16.75% = 52.44p – 68.43p
(x21.85 – x28.47)

I factored in 100m warrents and 60% ownership without these you could double or treble those buy out figures

The way they are doing this is excellent. The problem will just throwing a drilling rig at it is areas and zones can be missed.
Drilling the wrong areas are as costly as missing the reserves.
Being able to map out then drill the areas of interest saves money and expense.
I watched a excellent video on the company and it is fantastic what they are doing.
We will defiantly be rewarded here just sit and wait GLA

Cobra Resources Plc
@Cobra_Resources
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#COBR #Gold #Wudinna #Exploration
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@Cobra_Resources
encourages investors to view the presentation in video format and follow the link for a downloadable version
https://buff.ly/2V67xRL

Shadow this is typical of a large buy order being filled or MM wanting to accumulate shares.
Share accumulation points to the MM predicting a rise and must feel this is the bottom.
What you would find is that you wouldn’t be able to get a price for your entire holding if they didn’t expect or think they could profit from buying them.
As seen previously large buy orders or trades normally filter through late afternoon or out of hours so someone could be well trying to build a large holding which also points and suggests book movement shortly.