Member Info for RichyRich1

Still showing as being announced early May on the DME South Australian website so should be this week with any luck.

All good Caribbean. Waiting patiently for whatever is coming next! Hope you are too despite the weather where you are.

Jack...that’s the thing I’ve read Orions posts and that’s what’s piqued my curiosity.

Orion10...hope you don’t mind me asking what’s your connection with Cobra?

So Springton Trust have acquired an extra 16.75m shares. Interesting! News tomorrow? ADI funding announcement early May (not mid) so should be any day now.

How about by mid 2022 SOLD!

Thanks Carribean, I’ve sent you a message.

Thanks Carribean. I’m confident just frustrated almost 6 months since any meaningful news other than our MD stepping down! Sorry for being dumb, what/where is telegram?

How can I contact DTM off board Carribean if you don’t mind me asking? Are you still comfortable with the lack of news flow/have suspicions something is going on behind the scenes?

Discussions with Andromeda regarding joint venture have been going on since November 2020 so 6 months worth of negotiations! Craig stepping aside (headhunted) but maybe we’ll get more than we’ve been waiting for really soon!?

Is it just me or does anyone else thinks there’s more than meets the eye with the news blackout?

Early May announcement so could be any day now!

https://www.energymining.sa.gov.au/minerals/about_us/initiatives/accelerated_discovery_initiative

Couple of articles worth a read relevant to Cobra, very technical but with any luck our IOCG targets might come up trumps!

https://energymining.sa.gov.au/__data/assets/pdf_file/0019/350920/Cross_RED.pdf

https://www.researchgate.net/publication/320014150_IOCG-style_mineralisation_in_the_central_eastern_Gawler_Craton_SA_characterisation_of_alteration_geochemical_associations_and_exploration_vectors_IOCG-style_mineralisation_in_the_central_eastern_Gawle

Doesn’t surprise me unfortunately. Almost 4 months with no updates what so ever other than our MD stepping down. It wasn’t that long ago Share talk are talking us up and Zak Mir forecasting 7-8p on the charts justified with the excellent drilling results.

Then complete silence for 3 months!

What we know from the interview...

1. 6-10,000m geo chem maybe more if results warrant more.
2. 2-3000m RC drilling at Clarke, Barns, Baggy Green, White Tank, Laker, Larwood, Benaud and 3 IOCG targets.

So if they know that’s what they’re planning on doing why aren’t they updating the market with with more meat on the bones with further detailed plans!?

Why are the board so reluctant to update on what the plan is for this year? Almost into May and still none the wiser on what they intend to do other than a hastily arranged interview with the chairman to try and downplay the MD moving onto pastures new.

Last year they released a full plan for the year giving details where the geo chem work was taking place and where they would be drilling with rough timescales etc.

This year nada!

It’s almost like they don’t know what they are actually going to do. I’m starting to lose interest here and very frustrated with how things are being run and the lack of communication with share holders keeping them updated.

2021 = poor show!!

We need news!! 23rd tomorrow so ADI funding will be announced. If no news first thing we obviously didn’t get any funding.

Other than the ADI funding I’m struggling to think of any news with substance we might get in the next couple of months to be honest.

Geo chem work will take time then a few weeks to get results back which then need analysed before deciding where to drill!

Feels like H1 2021 has been a disaster so hopefully H2 will make up for the lack of news/progress.

I’m pretty certain the initial drilling agreement was for stage 1 drilling for 10,000m at a fixed cost for 33% paid in equity.

We only drilled 6,000m in stage 1 so I’d imagine we still have 4,000m left as part of the agreement.

Thereafter who knows what the cost/agreement is.

Jury is out on using pathfinder analysis. If it was so accurate then why were Baggy Green results so off!? 2 out of 3 had very positive drilling results so so far give them the benefit of the doubt.

We need a clear 2021 plan showing timescales going forward like we had for 2020. I’m stunned we’ve not had this already given we’re approaching mid April! I really thought we would have had the plan mid February and been drilling by now to keep momentum going to be honest but hey ho.

IOCG - exciting but one drill (no make that at least 10 deep drills to 500m minimum!) doesn’t make an IOCG deposit.

What’s the strategy for the IOCG targets and how the hell are they going to pay for it? How long before they actually drill the IOCG targets?

Too many unanswered questions. I’ve emailed asking for info and now all communication has stopped, why!?

Very frustrating!

I tend to agree more with your line of thinking Saint rather than with Christo but he/she does have some valid points.

I don’t believe it’s taken almost 3 months to analyse the drilling results, 5 months if you consider late November for the Clarke results given the actual amount of drilling involved.

What the hell have they been doing for 3 months!?

The latest news is we are finalising the next round of drilling with geo chem work starting next week once necessary approvals have been granted etc with a very sketchy plan for the year with very little detail of what’s being done and where and at what cost.

I’m excited by the IOCG targets but again we need more info and exactly what’s planned rather than just using the IOCG carrot to generate interest.

Methodical approach makes sense but it’s taking a lot longer than it should to be pushing this project forward!

I’ve watched Greg’s interview a couple of times now and I’m still none the wiser what the plan is for stage 2 drilling.

He discusses around 7-10,000m geo chem work then 2-3,000m RC drilling at Baggy Green, Barns, Clark, White Tank, Benaud and Laker?

So that’s around 500m drilling if divided equally between all 6 tenements?

Am I missing something here? That would be 2 holes at each site!?

Ok I take back everything I said in earlier post regarding the board knowing about CM leaving. I think the news has taken them aback and they were not expecting it at all. At least we know the reason why now, headhunted off to bigger and better things!

What I would love to know is how long have the board known that CM was stepping down and leaving the company? Does it explain the lack of news since end of January or has that time been spent updating models and analysing drilling results from stage 1? Surely they have known for a good few weeks CM was going to leave and rather than drop that bombshell with no other news to accompany it, they waited until they had other news to release with it.

My point is I reckon a new CEO has already been lined up and we’ll hear sooner than later who is it!!