Cobra Resources - London, page-4

by my calcs COBR after recent placing has 423M soi and at a SP of 3 P we are looking at a MC now of approx $25M AUS

the current SP action is pretty much a rebound off lows back to previous highs but with more SOI it's a higher MC relatively

it is quietly achieving in the back ground, largely overlooked by the ASX and has excellent ground, targets and potential for rare earths and IOCG

I had a bit in it for a while but due to the Forex going against me I got out

it is one of those interesting stocks whereby Forex and the stock itself are both variables that can be very profitable but you have to get the timing right

ADN would be pretty happy how Cobra are tracking IMHO