Member Info for imac1

Good to have a free ride well played Raaydaar.

What you realistically hoping for from the company personally from Phase 2 I would like to see a revised estimate of over 500,000 oz for current area showing mineralisation in step out samples. With upside potential throughout the total area of multi Moz.

Something is definitely happening now 3.1 to 3.2 now and can’t buy in any large amount. Hold on ladies and gents RNs must be inbound.

Post below for Daniel

Bid and Ask just moved your obviously and amateur without L2 data as you typed that it went from 2.7 - 3.0 to 3.0 - 3.1 haha you couldn’t have timed it better.

Absolute worse case I see 500,000 - 1Moz and a valuation in the 10-20p range so a nice 4-8 bagger from here.

Can’t buy again something going on I couldn’t even buy £100 worth..!!! SP due to tick up

Ereddy these really are best case scenarios that right now are to be honest a pipe dream. Drilling will have to be done to prove them up but certainly not out of reach if the resource estimates are multi Moz. I will happily wait 3 years if I get 98p in all honesty of course I don’t think it will take that long but let’s wait and see and not get ahead of ourselves just yet.
GLTA

Mkt cap vs Shares in issue per M oz.

Going off the word Several straight from the directors mouth whether implied or not here you go.

255M shares issued after all warrants exercised.

4m oz - £2 billion (MC at 10% & 15% £200-300m) (78p - £1.17)
5m oz - £2.5 billion (MC at 10% & 15% £250-375m)
(98p - £1.47)
6m oz - £3 billion (MC at 10% & 15% £300-450m)
(£1.17 - £1.76)
7m oz - £3.5 billion (MC at 10% & 15% £350-525m)
(£1.37 - £2.05)

The figures from Charlie seem so far fetched but they really are not. Anyone sitting in Cobra right now deserves the rerate as they have put their money where their mouth is and believe in the company. If news’s drops with such little free float of shares all large trades will go NT and the SP will be going up in 1p blocks watch this space everyone you might never get this chance again. 10 - 100 bags all possible

Not sure who this Topi character was but sounds like he was pro Cobra...?
Nice strong finish to the day with a potential game changing RNS around the corner.
Tomorrow’s outlook:
No rns and nice move towards 3.5-4p
RNS with positive results and straight to +6p open

Remember it well and have a gut feeling this could be the next SOLG its been a long wait and i wont be missing out this time round.

When money starts to move into Gold as it will with an impending recession small caps like Cobra will see massive rerates.

Watched this happen in 2008/09

Charlie low free float of shares circa 44m was another key thing for me to invest . With such a small free float and a normal market size of 50,000 shares this will rise very very quickly on positive results and big demand. As mercedesman alluded to GGP was valued at £60m on nothing but a semi positive drill result. Given the promising interviews and talk of potential multi million onces from our CEO we should be closer to £30M Mkt Cap or over 20pps at present..!!! Lets hope the next RNS addresses this misaligned valuation and we all make a lot of money. :-)

If good RNS in the morning this will open up at over 100% who doesn't like that kind of potential.

Fully agree with that i haven't given any other gold stocks a look in since GGP but something is telling me that this one has too much potential to ignore now.

I agree on the figures for good assys 10-15p and positive drilling for me will see this pass 30p.

Huge upside potential.

Good to see you hear mercedesman seem to remember you from the GGP board a few years back. Are we onto another winner hear??!!

:-)

I would say after hours or first thing in the morning. They will know when all results will be processed and available to release so have timed PR straight of the back of it. Like i said earlier this morning one of my reasons for investing is the good PR / Social Media presence of the company.

Top of the risers board will be leading people to research the company like i have done and take a stake.
Massively undervalued if multi million ounce is mentioned in the RNS in any capacity..!!!

Yes feel i have timed this one well missed out on buying in the 2p range but happy to take them at just over 3p given the upcoming news and potential here for a double digit SP.

You got me thinking on what Gold stocks i have seen Rerate massively and i missed out on in my years of trading. First one that springs to mind is Solomon Gold SOLG. I remember hovering on the buy at around 3p back in 2016 much like i did with Cobra today after seeing it rise from 2p and thought ill wait as i watched it rise to 9p in quick fashion over the next few months. After that i thought i had well and truly missed the boat and as they say the rest is history. Cest la Vie

One of the key factors for me investing of the back of this mornings research was the great communication from the board and a good social media driven campaign.

Happy to be onboard and strapped in for the ride.