Member Info for Charlie1984

Posted yesterday expect 1 or 2 very large trades ........

Looks like there was three from yesterday at the time of the tree shake, petting the big boys in.

One poster told me he couldn’t see my point of view I hope it’s clear now, MM moved trades round yesterday and opened the spread to show a sea of red and cause PIs to panic sell.
Due to the volume looks like they also needed a shake today to fill those 3 trades, cannt understand why pis are selling at this level as there is little to no stock this will fly just hold your line and this will advance GLA another big day tomorrow with or with out news - news due anytime now!

Hold and you will be rewarded same as yesterdays trading strong finish GLA

CAR70 - Small amount of shares in issue even smaller free float, you have taken your position, you can see how quickly this can move on sentiment, wait till it moves on news.
SP dropped yesterday and then finished strong, just day traders taking there profits. Dont panic watching the SP all day will not help lol GLA

MM cancelling trades to purposely drop the SP ....................... show a sell as a trade to manipulate the price then publish the cancelled sell a few trades later. Large background buy order being filled IMO MM trying to keep SP suppressed why they fill it

tsbs1 - same as yesterday look at the intra day trading PIs got out with a profit PIs got in and pushed it up into the close, MM also dropped it to fill a few large trades .

The interview could be pushed back for a number of issues, prior engagements or other commitments, meeting with JV partners or possible buyout.
Doesn't mean that the RNS will be late, they could also want the SP to run its course with the news release and then further support the results and findings after the bank holiday weekend to keep the momentum going.
Certainly wouldnt be enough for me to sell, crazy at this time and these levels, PIs struggling to get in then sell for a small profit when they could hold for the real gains, why they think they might buy back in they will be doing so at a premium if they get in at all . Each to their own GLA

Morning traders out taking there percentage opening up the table for a few more PIs to load up or get in, was the same pattern yesterday will take 30-40% per day till news land.
Interview to date and latest appointments is very very encouraging to see and speaks volumes GLA

No placing needed

Government have stumped up $250k for drilling, the remaining balance will be squared up in shares, the drilling company has already agreed this as per last interview.
Couldnt give you the exact facts of cash in bank would only be guessing, maybe someone else knows ?

Looking at the buying today in the morning session and thinking we should see a massive push into the close .

Prediction is now a minimum SP close today in the 3.5-4p range

If I am adding everything up correctly RNS should fall tomorrow morning, the writing is on the wall, this then falls in line with the interview arranged for tomorrow

Results as per RNS got we are told 2-4 weeks.
We are no informed interview tomorrow
Weeks up today so expecting intra day RNS or RNS first thing tomorrow morning prior to interview
Excellent PR and fantastic timing its like the BOD wants PIs to load up on the cheap they have put everything on a plate appart from spell it out and tell us to buy not to sure what else they could be doing more.......................fantastic if you ask me !

Cobra only have 155m shares in issue
and only 44.3 free float
I guess that there is 25-30% maximum remaining free float
MM now closing the spread and primed to let this go GLA

With this in mind I am expecting him to be talking about the RNS and grades so today or 7 am tomorrow IMO for our RNS (could be wrong)

Nice to see a few average Pis making some decent gains .................................. the pump and dump crew haven't arrived yet so things are going to get interesting especially if we get anywhere close to the foretasted in ground grades and reserves GLA

imac the last time I seen anything like this was VGM I sold at 0.9p and seen it in the paper 6 months later Chinese buy out £3.58p per share. One of my biggest share buying and selling mistakes looks like history is going to repeat its self we just need the grades

continued
Buy Out
1m oz - £500 million (MC at 5% & 7% £25-35m)
2m oz - £1billion (MC at 5% & 7% £50-70m)
3m oz - £1.5billion (MC at 5% & 7% £75-105m)
4m oz - £2 billion (MC at 5% & 7% £100-140m)
5m oz - £2.5 billion (MC at 5% & 7% £125-175m)
6m oz - £3 billion (MC at 5% & 7% £150-210m)
7m oz - £3.5 billion (MC at 5% & 7% £175-245m)

Okay folks going forward factoring in buyout and bring JV partner in and covering costs

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

2m oz - £1billion (MC at 10% & 15% £100-150m)
3m oz - £1.5billion (MC at 10% & 15% £150-225m)
4m oz - £2 billion (MC at 10% & 15% £200-300m)
5m oz - £2.5 billion (MC at 10% & 15% £250-375m)
6m oz - £3 billion (MC at 10% & 15% £300-450m)
7m oz - £3.5 billion (MC at 10% & 15% £350-525m)

Charlie is here .........
Busy at work trying to introduce gas into the plant
No worries here this is showing how fast it can move we should flush a few profit takers out and see a few tree shakes true value will be seen on the RNS.
SP in my opinion should be 3.5p on current resources. Check my posting history out for calculations 7 million oz could be worth in excess of £5 per share if bought outright could be £3-£3.50 ps DYOR good luck........ holding long so not really interested watching all day know where it is going so will just be dropping in and out when I can GL guys

RNS update due by today so can land anytime PIs taking positions and holding tight, will you get in when need lands?
You seen by the number of large trades yesterday that something is brewing, another interview promised this week which should be to discuss RNS no doubt, my feel is if we confirm massive on ground reserves and still more to come a large player will want to move in fast. OIMO as always DYOR expecting a good rise should push on well towards 3p today without need - GLA

Graham you in COBR as well ?

Question is can you afford to miss this if it takes off????
News due as per RNS by tomorrow ...............