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Lombard was not a major shareholder (+3%) as at 21 March 2024 according to company’s website so this looks like a substantial one-off purchase of 5.02% of the company.
HeresHopin - I read the RNS as confirming that the two directors had paid the company £749,276 to exercise the options and subscribe for shares that will be tradeable after 30 November. The options were free but the holders have to pay to exercise them. So looks to me like a vote of confidence.
Sold out about 3 years ago with an 80% loss which with benefit of hindsight was one of my better investment decisions. Although it is rather glossed over in the RNS I would expect the directors will need to satisfy investors and suppliers that the company will overcome the claim that it has no authority to operate, otherwise the rest is pointless.
Year high
Lots of Buys yesterday, some significant, so perhaps the interim results due 22 September will be at the top end of or exceed expectations previously announced.
Mr Serandour believes these results are excellent so I suppose everything is hunky dory. At least there are no lame COVID related excuses. The kit is now expected to be up and running as per the spec some time between July and December this year.
Cobra, the gold exploration and mining company focused on the Wudinna Gold Project in South Australia, is pleased to announce significant gold intercepts at the Baggy Green deposit.
How significant - sounds slightly underwhelming but not qualified to judge.