Member Info for wraith

Looks like a few of us, are of the same mind, DrRemington,.......early days here, (imo),....not long to wait, to secure our initial 50% stake, in the Wudinna Gold project.

Extract :
"Significantly, the Company also expects to achieve its Stage 1 earn-in commitment with its JV partner Andromeda Metals Ltd (ASX:ADN) of A$2.1m shortly after the completion of the first program. This will see the Company secure it's initial 50% stake in the Wudinna Gold project."
Source : https://polaris.brighterir.com/public/cobra_resources/news/rns/story/rmoqy8x

BW

Just noticed the time, should read,...."Nice to see our s/p up Yesterday, with all this going on".

BW

Thanks for the link, Patia,....Just translated it (into English),.....found it an interesting read,...I noted, he indicates in the article,....now he has very limited access, to managing the company's finances.

Nice to see our s/p up today, with all this going on,......with our Pox Hub Technology & Gold Price, we should be coining it in, (imo).

BW

RNS reads well to me,.....looking forward to Morocco drill results,....when Covid-19 permits & happy to wait, for as long as necessary.

BW

Thanks for the figures, Carribean2029,....that's a great help, gives me a good guide, on quantity of shares, we are looking at.

BW

Hi Carribean2029,....just been reading our RNS, lots to look forward to there,.....thanks for the response, was trying to get some sort of ball park figure, on the shares to be issued, to cover 33.4% part drilling cost payment.

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Still building our COBR shareholdings, when opportunity presents, Carribean2029,...but happy to hold our present position, for drill results, if it doesn't,....rather than focus on quantity of shares we hold (400,000 at present),....my focus is on creating, a low Gross Average s/p, with the target being, a free shareholding plus cash profits.

Being a relatively new COBR shareholder,.....been trying to find, what quantity of shares, would be issued, to cover 33.34% of the fixed drilling costs,.....in the CPR (on Page 35) dated July 2019 ( file:///tmp/mozilla_dad0/CBR001_Wudinna%20Project%20-%20CPR%20Rev4.pdf ), under heading - "3 Proposed Exploration Program and Expenditure" - it gives ;-
"Cobra has proposed an exploration program for testing mineralisation. This is based on the 12-month budget of A$881,333 presented in Table 3-2.",.....which is £482,106 approx,...I see the warrants in June this year, were converted at s/p@2p,....as the drill is a fixed price, I'm assuming the 33.34% of these costs, are also on a fixed s/p issue price,....using a scenario, where s/p@2p is the figure used, this would result in 8,037,000 approx being issued, to cover 33.34% of our drill costs,...I would be very happy with that scenario.
https://polaris.brighterir.com/public/cobra_resources/news/rns/story/rg0p4jx

BW

Considered what the market reaction might be, if date missed,on Friday,....decided to wait & see, where Monday's trading session, takes us,.....happy with our current, COBR shareholdings levels,.....but if opportunity presents, will take advantage.

BW

First bought into PRD, on announcement of cornered CO2 contract,....but would have stayed, with a free PRD shareholding, if we did not have Morocco, thechancers,.....it's only Morocco, that made me decide to average up, from a free prd shareholding, but very cautiously,...WHO hopes crisis can be over within two years ;-
https://www.theguardian.com/world/live/2020/aug/21/coronavirus-live-news-latin-america-deaths-near-250000-russia-to-start-mass-vaccine-trials

BW

From memory, I also have about 2 years.

BW

They have certainly created that, (Uncertainty),......I will also, be tempted to increase our POG shareholdings, if the s/p gets, anywhere near that level, deebo12.

BW

It's the small placing, of 7,692,308 PET shares, at 3.25p per Placing Share, raising £250,000 (before expenses), that has me intrigued......the reason given, for placing ;-

" Use of Funds
Subject to the appointment of responsible officials by the new Iraqi Government, and the lifting of Covid-19 restrictions, Petrel expects to enter into re-qualification discussions with the appropriate decision-makers at the Ministry of Oil. Discussions may cover Petrel's past studies on the Merjan-Kifl-West Kifl area, and the Mesozoic and Paleozoic potential of the Western Desert.

Pending, such discussions, this investment will strengthen the company's Balance Sheet."
Source : https://polaris.brighterir.com/public/petrel_resources/news/rns/story/w0lpzzw

BW

I'm here for the drilling, not for news, as to when its going to start,....these are not normal times ;-

WHO hopes crisis can be over in two years.
Source : https://www.theguardian.com/world/live/2020/aug/21/coronavirus-live-news-latin-america-deaths-near-250000-russia-to-start-mass-vaccine-trials

BW

I'm normally about, until about 0320hrs, Sefton82,.....sometimes later,....enjoy the challenge of the stock market,....as you say, nothing has altered, that I am aware of (this week),.....I shall just carry on, with my strategy,.....I have been fortunate, here at PRD & a few others, but don't expect to win them all,....holding some shares, that are deep underwater (Gross Average s/p).

BW

Phoenix Rising then, hopefully.

Tune whilst we wait : https://youtu.be/Ew4D36jzp00

BW

Hope you are correct Alexios,....still holding Full Core AAOG shareholding, which is a black spot, in our shareholdings.

BW

Not been a COBR shareholder, very long myself, HonestTom,......moved some profits, from another gold shareholding (that we still retain, a reduced shareholding in), into COBR,.....will be interesting, to see, which does best, from this point in time,....both COBR & the other gold share, being Main Market listings.

BW

Got the bulk of our PET shareholdings, held in two ISA's,....as, agree with iamrich,.....the potential s/p upside here, if Iraq works out, looks to be huge, (imo).

BW

On May 26 2020, PET issued 7,692,308, raising £250,000 (before expenses), along with Update on Iraqi Operations ( https://polaris.brighterir.com/public/petrel_resources/news/rns/story/w0lpzzw ),.....On 18th May 2020, Update on agreement with the Tamraz Group, PET cancelled the 2nd tranche of 64,035,976 shares, which were due to be issued to Netoil, a part of the Tamraz Group ( https://polaris.brighterir.com/public/petrel_resources/news/rns/story/xl62pgx ),...On 3rd April 2020, PET indicates, The Tamraz Group, of Roger Tamraz, Michel Fayad, and Said Mehraik, will maintain their current interest of circa 32,086,538 ordinary shares ( https://polaris.brighterir.com/public/petrel_resources/news/rns/story/rn1z6nx ), in this RNS, it states ;-
"The Tamraz Group continues to work on possible investment proposals / deals to be presented to Petrel Resources plc. Should any of these proceed, it is envisaged that payment will be in the form of Petrel shares."

This link ( https://www.rns-pdf.londonstockexchange.com/rns/5205C_1-2020-2-10.pdf ) dated 6 February 2020 , can be found in 10th February, 2020 RNS update link ( https://polaris.brighterir.com/public/petrel_resources/news/rns/story/x5lz0lr ),....here for Iraq, the small placing mentioned, does not concern myself,....the 6 February 2020 link, makes interesting reading.

BW

Bank Of America: Brent Will Recover To $60 In H1 2021
Source : https://oilprice.com/Energy/Energy-General/Bank-Of-America-Brent-Will-Recover-To-60-In-H1-2021.html

BW