The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Pleased to announce that #EKF Diagnostics and YourGene are stepping up to launch the first ever #NIPT testing pipeline in the US at our CLIA certified ADL Health testing laboratory in San Antonio, Texas. Dr. Luke Daum (EKF CSO) and the ADL Health team prepare the first #NGS run.
https://twitter.com/lukedaum/status/1501432703786311680
I’m sure ISATony it’s a buy!!!!
https://mobile.twitter.com/1969Mala/status/1498964901171273729
The trade at 08:31:43 price 8.355 volume 4,668 total 390.01 it's a buy. I bought it!
Manchester, UK - 17 February 2022: Yourgene (AIM: YGEN), a leading international molecular diagnostic group, announces that it has received confirmation from the UK Health Security Agency that the Clarigene® SARS-CoV-2 test (CE-IVD) ("Clarigene®") has been approved under the requirements set out in the Medical Devices (Coronavirus Test Device Approvals) (Amendment) Regulations 2021 ("CTDA regulations").
The product will be included on the register of products that have been approved under 38A(5) of the Medical Devices Regulations 2002, in due course:
https://www.gov.uk/government/publications/covid-19-test-validation-approved-products
Yourgene’s primary source of COVID-19 revenues, PCR testing and sequencing services, were unaffected by the extended time taken to receive this approval under these newly introduced UK regulations, as they were not reliant on selling Clarigene® or Clarigene® achieving approval under CTDA regulations.
Following approval under CTDA regulations, Yourgene can now actively market the Clarigene® test to new UK customers to meet the needs of continued seasonal PCR testing. Clarigene will be one of a small number of UK manufacturers with COVID-19 testing products currently approved for sale in the UK.
Having recently provided upgraded guidance for the current financial year on 17 January 2022, Yourgene intends to provide a further progress update on trading following the March year end.
Cobra Resources issued 63 million new shares to raise that £800k to £950k. That is of course dilution of current shareholders but whether that’s a bad thing or not depends upon the market reaction. One thing that limited the downside here is that the discount to the prevailing market price was small – 15%. This wasn’t an emergency capital raise or anything that is. The capital markets being just like our own bankers – the more desperately we need the money the more we’ve got to pay for getting it.
We’ve also got the results of the placing, which is what is buoying up that Cobra Resources share price. The cash raise was £945k, at the very top end of expectations. So, the general view of the market is that yes, putting more money into Cobra Resources is a good idea.
This is bolstered by the recent announcements from Cobra Resources about their exploration and drilling programme at Wudina. The announcements of the gold mineralisation are interesting, of course, they are. It is, after all, the first stage that any junior miner has to go through, finding something worth going mining for. But what’s sparking interest is the associated layer of rare earths mineralisation associated with the gold deposits.
We would say that we’re not wholly enthusiastic about rare earths given what has happened before. Previous shortages have led to overinvestment in new mines and then crashed prices some years later. As with all minor metals how many others are chasing the same mineralisations matters. However, the calculation changes somewhat when rare earths are found in combination with other finds that are worthwhile to mine on their own.
That is, byproduct revenues can be more valuable than prime mineral ones. Because the risk of exploitation is reduced. Here. the rare earths are in a layer above the gold mineralisation. So, to extract it is not necessary to do any more mining than was originally being considered for the gold alone. The rare earth revenue – whatever it is of course – can be considered to almost be a freebie on top of the gold. No, it doesn’t quite work that way but that’s a good enough pencil sketch at least.
In the short term what happens next to Cobra Resources’ share price will depend upon how securely those new shares have been placed. If they’re securely tucked away with long-term investors then we might see a significant revaluation. If they’re in the hands of short-term speculators then any price rises could be met with selling to cash in.
https://www.asktraders.com/analysis/cobra-resources-shares-volatile-after-placing-what-happens-next/?utm_source=dlvr.it&utm_medium=twitter
Andromeda Metals (ASX: ADN) reports that potential JV partner Cobra Resources (LON: COBR) has uncovered rare earth mineralisation at the Clarke prospect within the Wudinna Gold Project on South Australia’s Eyre Peninsula.
The discovery was identified in saprolitic clays overlying gold mineralisation, with average true width of defined Total Rare Earth Oxides (TREO) mineralisation of 18.7m at an average grade of 597ppm. The highest-grade TREO 1m intercept was 9,024ppm.
The results were generated from a 14-hole, 2,144m RC drilling program undertaken in November 2021, along with reanalyses of previous drilling at Clarke.
Cobra is in the process of earning-in to a 50% equity position at the project via $2.1 million in exploration spend over 3 years. The company’s geologists, supported by CSIRO XRD analysis and evaluation, have interpreted the rare earths as being absorbed in to the saprolitic clays, a style of mineralisation known as Ionic Absorbed Clays (IAC). If the discovery is confirmed to be IAC, the grades and intercepted widths will compare ‘favourably’ to other IAC rare earth projects.
The rare earth mineralisation is open in all directions, and the continuity and consistency of mineralisation indicate that there may be ‘significant’ opportunity to increase the extent of the mineralisation’s footprint.
Similar saprolite horizons were also developed over the Barns, White Tank, and Baggy Green Deposits. Andromeda notes that targeted REE analyses of the drill samples used to define these deposits present a ‘low-cost’ exploration opportunity to define further rare earth mineralisation in the region.
In addition, the November RC program at Clarke has extended gold mineralisation over 400m of strike, split into two lodes, and remaining open to the northwest. Significant intercepts include:
Hole CBRC0050: 33m @ 1.03g/t Au from 65m
Hole CBRC0043: 20m @ 1.5g/t Au from 88m
The Wudinna Gold Project is a 2,027km² land holding in the Gawler Craton and comprises a cluster of gold prospects including Barns, White Tank, and Baggy Green. Clarke is situated approximately 1.75km north of the Baggy Green Inferred Gold Resource which stands at 94,000 ounces @ 1.4g/t gold.
Moving forward, plans are underway for further RC drilling to test for both lateral and depth extensions at Clarke. The complete results from this program will form the foundation for a maiden Mineral Resource Estimate at the deposit.
https://mining.com.au/andromeda-and-cobra-team-up-to-identify-rare-earths-at-wudinna-gold-project/
HAhaha ColSoul!
Open Orphan sill the same price back in the summer...!
despite
- Numerous contracts won
- 90% of 2022 revenues already in the bag
- New Challenge model for Covid and Malaria
- Closer to DiM news.
- Company confirmed now as profitable.
Same as Yourgene...
Try harder! \\\spammer!
We still have 724m shares in issue,
I totally agree with you Andy!
Liz Ferreira, she worked for 12 years for Novacyt
https://www.linkedin.com/posts/yourgene-health_welcome-to-the-yourgene-health-family-activity-6894031811635134465-o-CV/
Site geologist inspecting drill chips with sericite and sulphide alteration at our Clarke prospect targets.
Recent pathfinder results at Clarke defined a gold anomaly of over 1km in strike, making this prospect a priority focus of our current RC drilling campaign.
https://mobile.twitter.com/Cobra_Resources/status/1463090973219737601
Oh! Sorry,it's already here...
Yourgene Health are pleased to announce our new Senior Director of Business Development for APAC, welcome Dr. Aarti Gokhale! https://twitter.com/Yourgene_Health/status/1460947629945282565
https://www.linkedin.com/in/aarti-gokhale-74306b4/
Wudinna Project Update
RC drilling and IOCG gravity survey commenced
Cobra, a gold exploration company focused on the Wudinna Gold Project in South Australia, is pleased to announce that Bullion Drilling has mobilised to site to commence the next phase of the Company's Reverse Circulation (RC) drilling programme.
Additionally, Daishsat Geodetic Surveyors has also mobilised to site to execute the first phase of a detailed ground gravity survey across Iron Oxide Copper Gold ("IOCG") targets 1-3 to detail magnetic and geochemically anomalous features considered prospective for the discovery of IOCG mineralisation.
In light of the pathfinder results at Clarke, indicating a large 1.1km zone of mineralisation, and Benaud, with highly anomalous gold in saprolite up to 1.04 g/t, management intends to focus resources from this phase of RC drilling on these targets prior to designing the next phase of RC drill targets.
Accordingly, the rig is being mobilised initially to the Clarke prospect where 14 holes totalling 2,000m of drilling will test:
1. the northern area of the recently defined 1.1km strike extension to the 31m at 3.06 g/t of gold intersected in the 2020 RC campaign that is well supported by pathfinder chemistry; and
2. anomalous pathfinder chemistry and elevated gold in saprolite associated with multiple IP chargeability anomalies that are largely untested.
It is expected that the rig will then mobilise to the Benaud prospect where RC drilling will test anomalous gold and pathfinder geochemistry along two NNW trending lenses reflective of the Barns 104,000 ounce JORC resource located 1.5km south of Benaud.
The ground gravity survey over IOCG targets 1-3 is expected to take up to four days. Results of the survey are expected to be processed within three weeks and, contingent upon results, will assist in drillhole design for targeting the Company's IOCG prospects in due course.
The Company has all regulatory and environmental approvals in place to execute its planned exploration programme.
Rupert Verco, CEO of Cobra, commented:
"The results of our pathfinder programme have provided several exciting targets, particularly at Clarke where we now have a defined gold anomaly of over 1km in strike. We are thrilled to have the drill bit in the ground testing this highly prospective target.
In parallel, the detailed ground gravity survey is a critical step in advancing our IOCG targets - in a prolific IOCG region - from conceptual to drill-ready.
Cobra is re-entering a period of intense operational activity and we look forward to providing updates as the programme progresses."
"The group said that over the past year, Boots has become one of the UK's leading COVID-19 test providers, with more than 3.7 million tests administered to date...!
https://news.sky.com/story/boots-bounces-back-as-covid-test-sales-soar-and-online-business-thrives-in-lockdown-12433987