Member Info for GGPThruandtru

Haha Speedie, that made me laugh. It’s amazing how people think that ‘morality’ has somehow disappeared nowadays and everything was hunky dory “back in the day”. Corruption has existed since dawn of time, including cavemen times, Ancient Rome and Greece, Christ I mean the Wild West was called Wild for a reason. Even in the UK Victorian eras and before women couldn’t walk on the street alone and everyone in power was stealing then too. It’s nothing new and will always be around as long as us ‘humans’ exist. The best we can do is adapt to our surroundings in the whatever way we can and help out whoever we can personally.

Ok, first off, I’m still sparingly invested here waiting for the results. (The only thing that matters) Wasn’t gonna post anything again till we had them, as I thought I’d let you guys get on with the ramping but wow…I can’t let the Cebo post go as it’s very misleading.

Cebo, Havieron is still only an 8.4moz “resource” (resource being import at here). The “reserve”, which is the currently “economically viable amount” due to the drill spacing requirements is only 3.4moz!

How many drills and how long did that take I hear you asking?

Well HAD05 (the big one) was released in an RNS in November 2018.

It’s 2025 now and combined Newcrest and GGP have drilled a total of 298,000m with nearly 400 drills! Yep…400! So 7 years later and nearly 400 drills later we’ve arrived at 8.4moz with 3.4oz in the reserve category.

It will not take 3/4 drills only and it will not be quick!! Yes, this could be HUGE but only if we hit and ONLY after a lot of years. The GGP boom in 2020 was Covid related!!! Nothing to do with the asset. It was considerably overpriced at the time. (Hindsight is a pain in the rear)

Also, GGP would NOT have been able to afford to go alone…they needed to give away the 70% in order to make it financially viable. The 100% ownership all the way to production won’t work.

Good luck to everyone and let’s hope for some great assays back 👍

Https://www.edisongroup.com/research/exploring-a-potential-game-changer/33541/

This was posted by someone recently. Great article about Cobra (last year so a bit behind). Good info throughout and if you scroll down the article it talks about how some of the most profitable projects are about how extraction is done and nothing to do with actual grades. And as Shipwreck mentioned these are reanalysed cores.

Haha. That’s not a conspiracy theory at all Trombone. It’s actually good business management. It shows the investors that our “warrants” are a good thing and your investment in the company is worthwhile. Too many companies give away warrants like confetti, in the hope of them being exercised. A lot just get lost by the wayside. This gives large investors confidence in the company that they’ll be looked after and it’s worth investing in Cobra Resources in the future too.

Slithering along nicely 🐍 (albeit stuck in a wee bit of marshland at the minute - poor snakes…)

Our big share rise actually came with way smaller volumes. Can’t remember when the rise actually started but here’s a few numbers to see the difference:

21/8 - 1.8m shares traded

22/8 - 3.4m

26/8 - 5.45m

27/8 - 5.75m

28/8 - 4.34m

29/8 - 6.25m

1/9 - 4.61m

2/9 - 2.69m

3/9 - 1.66m

4/9 - 12.48m

5/9 - 16.27m

8/9 - 9.82m

9/9 - 11.73m

10/9 - 7.01m

11/9 - 15.00m

12/9 - 7.68m

15/9 - 6.95m

16/9 - 5.63m (so far)

So as you can see massive volumes of shares traded. The rise itself came with those much lower volumes…and before this “summer mining bull rush”, our volumes were even lower.

It’s not so much the extra shares being introduced that leads to the drop, but the huge increase in volume of actual traded shares.

We know a lot of these are in sticky hands from retail investors and board members. So any kind of sells that create a volume way above our usual daily average have a huge impact. Since the 3rd of September, we’ve had some days with x10/x15/x20 of our average volume. That’s a huge differential. Compared to last year, even x50 on some days!!!

Once it’s done and if work is still progressing nicely, those same large volume days will have effect us the other way too. We’ve just been unlucky with the timing of the good news so close to warrant expiry dates.

Or another way to look at it is the company released all this news in order to give the warrants a reason to be executed. They wanted more money without needing to go down the raise route.

Correction: 26/10/25 not 2026

No idea Trombone 🤷‍♂️ but can’t imagine they’ll be a lot more. Even selling a couple of million shares at this price would move the price too much for it to be of value to them. Imagine if all 35m were forward sold 😂

I see warrant exercising as a good thing coz it means the company is doing well. No one exercises warrants if the company aren’t progressing and we’re making all the right moves right now. We just have to wait and see what happens up to the 26/10/26 expiry point.

I reckon it depends how you look at it. It can work both ways for a new investor. I mean in theory it caps the warrant hangover drop. No one’s gonna bother exercising warrants by selling down if it’s below or really close to 3p. It’s a pointless exercise as your sales would lower it below the value you’d get back.

Secondly, they’ve already asked for the full allocation of the ones due this year and they were ready to go on Thursday 11/9. Are they just covering their bases or have they all been exercised already? No doubt we’ll find out. But we’re close to an inflection point of the warrants not really being of value if the other 35m odd decide to be exercised by way of selling down current holdings.

Which means if Cobra want them exercised by the end of the October deadline, then they’re gonna have to give us some news that will raise the share price beyond the 3p exercise price.

If there’s no news to get the price up by exercise time for the 3p ones, then I fully expect some not to get taken up at all or some people just exercising them early without a sell down and then just selling some further down the line when we’re back up. The latest announcement mentions some being exercised at the 2p strike price, which were due end of next year. So everything really is up in the air, but I reckon we’re past the point now of selling down to buy them. Theres no value in it anymore.

I know it hurts to look at guys but it’s all good. Money in the coffers for Cobra and helps to delay any kind of future placing, adding to the great quote by Velcro “We’re not placing at these prices!”

Not invested in EEE but same thing happening over there today. Warrants executed (way less than our amount) and they’re down nearly 40%. Patience needed with Cobra…just think of us as the snake charmers…

Company fundamentals still slithering along nicely 🐍

That’s alright E1…just didn’t want people thinking Artemis Resources had like 2000 bagged…

Artemis GOLD!! Not RESOURCES!!! 🤣 And I can only find it on the Canadian stock market so 7bn is in CAD.

Just to differentiate…this is Artemis Gold being added…not Artemis Resources that have been trying their luck with the Havieron nearology play for the last 5 years.

The warrant transactions are a possible cause for today’s drop too. I mean if you’re full loaded already, you’d pretty much sell them forwards to get hold of them 👍

The 100% ownership of Red Setter is wrong Casper. Even your ramps are rubbish…GGP owned 100% when we were drilling and hit the big intercepts. Then Newcrest came in with the JV and took 70% in return for them doing all the work and funding it.

If we hit the motherload here as well we won’t be keeping 100%. Someone will JV, as they and we should, which will lead to our ownership shrinking just like GGP & Havieron. Only after the JV did our share price fly. This is still a company with nothing until assays come back 🤞

Remember this is main market and not AIM guys, so it will behave a little different to all those pumped up mineral stocks right now. Slow and steady wins the race here. They’ll always be sellers at every level. We hit 6p, so that’s a few bags for a lot of people. As long as there’s no bad news out there, nothing has changed. Rupert & Co just doing their things in the background.

CAPITALS? 🤷‍♂️ testing

haha i just thought doors was putting that out there, like an “into the world” kind of thing, you know. wasn’t expecting to read the rest of that thread!

nothing will come of it and even in the very rare case it does, it would take at least a decade to get anything back. (looks at post office scandal or man city case) you’re more likely to just **** someone off that matters to ggp or someone that really could tank us if he gets rubbed the wrong way 😂

just let it go guys…company is improving, that’s all that matters. more games will be played the bigger we get. share price is what it is 🤷‍♂️

Hey James. The Apple “stocks” app has the consolidated numbers for even before consolidation happened. They’ve even fixed the mcap now 😂👏

Yep…another great day…proper flatlining 🙄