Short Term Trading Week Starting: 9 Jan, page-113

STTCOMP BAR, FA Long

(ASX: BAR – BARRA RESOURCES LTD)
SP: 6.3c
MC: $26.92Million
Shares:420,747,883
Website: www.barraresources.com.au

Barra Resources Limited is an explorer and producer targeting gold and base metal projects. The Company is engaged in gold, nickel and cobalt exploration, and receiving royalties from production at the Burbanks and Phillips Find projects. It operates in minerals exploration sector in Western Australia. The Company's projects also include Mt Thirsty and Riverina. The Burbanks Project is centered over nine kilometers southeast from Coolgardie, and it consists of the Birthday Gift Mine (encompassing Lady Robinson, Christmas, East and Tom's Pits) and the underground Main Lode Mine. The Mt Thirsty Project is a joint venture between Barra and Conico Ltd, located over 20 kilometers (kms) north-northwest of Norseman, Western Australia. The Phillips Find Project is located over 45 kms north-north west of Coolgardie and approximately 25 kms northwest of the Kundana Gold Mining Centre. The Riverina Project is located approximately 125 kms north of Coolgardie and over 80 kms west of Menzies. https://www.google.com/finance?cid=680096

In short imo there is so much smoke coming from the haystack that it is impossible for me not to take note of the current markets reaction to BAR developments......see below


Catalysts: Taken from the Chairmans Address to Shareholders 22.12.2016

http://www.barraresources.com.au/wp-content/uploads/2017/01/161216_CHAIRMANS-UPDATE-Final2.pdf
……….” We successfully completed a heavily oversubscribed Share Purchase Plan, aimed at current shareholders alongside a share placement, aimed at professional investors which collectively raised $1.9 million. The funds raised from this will be applied towards our share of the cost of the Scoping Study for the Mt Thirsty Cobalt Project plus exploratory drilling at the historic Main Lode Gold Mine and our Phillips Find Mining Centre. We are pleased to confirm the Scoping Study is already underway and the gold exploration drilling will commence mid-January 2017. As we head into the first few months of next year, we should be able to supply a steady flow of market updates as we get into the widely anticipated gold exploration programs at Main Lode and Phillips Find. Our geology team is confident their structural understanding of our two key gold projects should reap benefits. There are no guarantees with exploration drilling but we strongly believe our pre-drilling due diligence has reduced the potential risk to an acceptable quantum”

http://www.barraresources.com.au/wp...11/20161020_TheCobaltSupplyCrunchIsComing.pdf



Please DYOR as this is not a buy or sell recommendation
Cheers
GF