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Another late reported trade from yesterday of 2m shares. Could it be the forward selling of the potential warrant conversions?

Interesting a late reported trade from yesterday morning, I think showing a sell of 1.53 m shares.
CM- do let your investors know the drilling schedule.

It seems some people are selling from the general headlines of the covid situation in Western Australia. It would be useful if the company were to clarify if there is any change or impact as a result of the latest situation, our sites are in South Australia which is as it were previously I think.

I am not sure there is much to gain from the soil sample results, they are only for technical reasons to determine a path to identify drilling targets. What is interesting is the mention by CM in the Stockcube interview is they are 'negotiating arrival times for drill rigs'- that to me implies they have identified the drill targets and will communicate to market when sorted the drills on the ground, hopefully very soon- so the 1st act is about to begin, tickets may be in short supply imminently.

Whilst it is encouraging the gold price is going up, we could do with an update on the drilling programme- into 1/3rd of Q3 some signs of action on ground and covid proof plan required Mr. Moulton wakey, wakey.

Leamington- If the sensible methodology the company is employing bears fruit in identifying an IOCG, then 3 digit sp is achievable in short time frame- there is a big if- however a modest increase in resource should underpin 3p price range as a minimum. I don't see this company continuing in the long term on it's own to the production stage, either it's a joint venture with a major or it's bought out.

Yes Dan, I too find the trading prices strange with Cob, big jumps as if these are pre-arranged.

I maybe wrong, but from the trading pattern it looks like we may get an rns about warrant conversions and thus further money in the kitty for drilling.

Garym- I wrote 'interesting' because I've been observing over the past month or so 250k sells below 2p and wondering who that might be. Just to satisfy my curiosity it'll be interesting to know what MTR had and what they have now, obviously they've doubled tripled their money and have good few warrants in reserve.

Garym- interesting you say that you followed MTR investment into COB, any idea how many they hold and presumably they bought them at the initial offering at 0.67p. we know MetalNRG have reduced below 3% and appears to intents and purposes they out altogether.

I expect that in the next month or so a significant no. of warrants at 2p to be converted, which should provide further cash to target a number of IOCG targets. I think by mid September we will have around 250m shares in circulation.

Richy- hold just over a million also have not intention of selling any until mid/end October. I disagree with you regarding IOCG Target, I think at least one would be included in the drilling programme and may infact be a priority 1st drill.

OHS- worth looking at COB, if you are looking for opportunity to invest in.

Dan, next three months will give us the answer and my opinion is if we have a little luck in proving up IOCG target, the we will easily surpass GGP. Just a little patience and holding the nerve until Oct/Nov.

Have we got some news on ADI grant, price adjustment can't just be on CM's share purchase!

Good volume today, good signs when the rns for drilling campaign details is issued and feet on ground, can't imagine the share price around these levels from mid August onwards.

Yes, hopefully it builds on from this into next week, other directors chipping in at these low levels would also help.
Also Mr. Moulton needs to get the drilling programme out, we are well into Q3.

Come on CM, we need a proper drilling programme, these ambivalent interviews smacks of AIM companies. a professional time table of tasks moving forward is required, after completion of stage 3. Should already have the data to prepare the programme share some details with your investors and also perhaps the board needs to buy a few shares on the open market to instil confidence going forward.

Whilst having no concern, they(management) need to deliver on expectations- they mentioned or allowed Share talk to repeat that 'nothing has changed and soil sample results to given by end of Q2" - we are 4 days into Q3, they do need update the market.

I think a few buys will pop up later in the afternoon, there are a series of rns's expected in the next couple of weeks.