COD - Coda Minerals

[System]

Coda Minerals is a mineral exploration company established from the Demerger Scheme undertaken by Gindalbie Metals for the purpose of exploring for and discovering high grade Copper-Cobalt and IOCG Mineral Resources located at its Elizabeth Creek Project situated on the Stuart Shelf within the Gawler Craton in South Australia.

Coda is in the process of earning up to 75% of the Elizabeth Creek Project by way of a staged farm-in, with a pathway to increasing its ownership interest in the project via the expenditure step in agreement in the Joint Venture. The Company was attracted to this project due to its highly prospective geological setting within proven mineralised mining areas, and the lack of modern exploration or processing techniques across the extensive tenement package.

The Company has already commenced exploration activities, including by spending $5.6 million on exploration activities at the Elizabeth Creek tenements as at the Prospectus Date. It currently holds a 51% interest in the project, but is anticipating completing the final farm-in stage to acquire a 70% interest in the first quarter of 2021. It also holds an option to increase its interest in the project to 75%.

It is anticipated that COD will list on the ASX during October 2020.

Home - CODA Minerals

www.codaminerals.com

 

[Dona Ferentes]

Came to market in early Oct, 2020. Shares issued at 30c.

Some 85 million shares out there, and a market cap of $26million. Top 20 hold 56%

COD is focused on the exploration and evaluation of the Elizabeth Creek Project located in the highly prospective Olympic copper belt in South Australia. Elizabeth Creek tenure host multiple exploration targets for resource expansion including Zambian-style shale hosted copper resources and IOCG prospects.

In another development, Torrens Mining will list on the ASX, under code TRN. Coda, its funding partner in Elizabeth Creek, have now earned a 51% interest and "remain fully committed to the Elizabeth Creek Copper-Cobalt and IOCG Project, on which Torrens was founded."

 

[Dona Ferentes]

and COD Carry On Drilling

Assay Results Confirm Huge Lateral Extent of Emmie Bluff Copper – Cobalt Mineralisation

Highlights
• Drilling defines major extensions of Emmie Bluff copper-cobalt mineralisation
• Enormous lateral extent of over 4.5km² confirmed; open in several directions
• Mineralisation extent extended by up to 830m in three directions, including new intercepts of 2.05m at 4.09% CuEq and 3.49m at 2.49% CuEq
• All holes collared within Emmie Bluff Exploration Target to date have encountered mineralisation
• Maiden JORC 2012 Compliant Mineral Resource estimate process to commence shortly

since IPO listing:

Commenting on the results, Coda CEO Chris Stevens said: “Our programme was designed to improve confidence and coverage within the bounds of the Exploration Target itself, and we have achieved that goal. We deliberately took some big swings, placing holes hundreds of metres away from known mineralisation, and we got the results we wanted, extending the mineralisation in multiple directions.”

“Assays from this round of drilling, as well as from historical drilling intersections, confirm that the Emmie Bluff mineralisation occurs in flat-lying beds, typically 2-6m in thickness. The key to the Emmie Bluff copper-cobalt deposit is its lateral scale. The Emmie Bluff Exploration Target already covers an area over 4.5km², larger than King’s Park in Perth and it has considerable scope to expand. On that scale, mineralisation of this great lateral extent adds up to an impressive whole.

“Although rarely seen in Australia, these large, laterally-extensive copper deposits commonly occur in other parts of the world. Indeed, the Kupferschiefer, one of the world’s greatest copper deposits rarely exceeds 60cm in thickness but has incredible lateral extent. Although clearly there are some differences, we believe that Kupfershiefer, located in Northern Europe, is an excellent analogue, both chemically and genetically, for Emmie Bluff.”

ASX

 

[Sean K]

Nothing to see here.

200m of nice rocks with 50m of very nice rocks doesn't really make me jump 142%.

 

[Sean K]

Now up 160%.

I've read right through this ann and I can't see how 50m of very nice rocks is a Tier 1 IOCG discovery warranting this. Visually looks fantastic but not even assayed. I've got a feeling a few hotcockers are going to be burnt. But, maybe it's Olympic Dam...

 

[greggles]

I think the share price only increased so much due to the relatively small market cap. Lots of traders and speculators jumping in today. Expect to see the share price stall and then decline on low volume in the near term.

 

[Sean K]

I think the share price only increased so much due to the relatively small market cap. Lots of traders and speculators jumping in today. Expect to see the share price stall and then decline on low volume in the near term.

I think some punters are going to be left without a chair...

 

[greggles]

Looks like it may finish near its high for the day. High is $1.145 and it's currently trading at $1.045. A 194.37% gain in a day isn't anything to sneeze at. Will be interesting to see whether it closes above the $1 mark.

 

[Stockbailx]

To early to say; with a rise of such magnitude, you would think it had something behind it pulling the the weight. Are the fundamentals for Cod Compounded enough to with stand the over draft...

Coda lands government grant for SA copper exploration

Coda Minerals has landed a $75,000 grant from the South Australia Government, which may prove timely as it ramps up exploration at its Elizabeth Creek project in the state’s Olympic Dam copper province. Coda’s new funding comes courtesy of the Accelerated Discovery Initiative and will be used...

www.businessnews.com.au

Home - CODA Minerals

www.codaminerals.com

 

[Sean K]

Looks like it may finish near its high for the day. High is $1.145 and it's currently trading at $1.045. A 194.37% gain in a day isn't anything to sneeze at. Will be interesting to see whether it closes above the $1 mark.

Looks like $1.19 - 223%. Insanity.

On 50m of 'moderate to intense copper sulphide'.

Will be interesting to see how this plays out.

 

[greggles]

Looks like $1.19 - 223%. Insanity.

On 50m of 'moderate to intense copper sulphide'.

Will be interesting to see how this plays out.

Yes, finished at its high for the day. Very bullish sign. We should see a higher open tomorrow. Will be very interesting to see how COD plays out in the near term.

 

[Stockbailx]

Copper: China's Price Squeeze Means Correction Is Inevitable​

Copper’s rally this year was huge, but there’s something even bigger: China’s price squeeze.
After the world’s most in-demand base metal reached record highs of $10,746 a tonne on the London Metal Exchange on May 10, its biggest buyer decided that enough was enough.
Through a systematic reduction of copper imports in the weeks that followed—the cutback actually began in April, but deepened last month—China has managed to shave 8% off those peak prices, forcing the metal below its key bullish $10,000 level by Tuesday’s trade.
And the correction may just be beginning, based on charts signals, as well as on-again/off-again talks about Federal Reserve asset tapering, as the June meeting of the US central bank looms.

 

[Stockbailx]

M&A Gap:​

Merger and Acquisition gaps occur around news and other corporate takeover events. These gaps are typically generated from buyout rumors, buyout deals, and FOMO trading from retail investors since all major news outlets are publishing headlines on this stock.
Is this what's happened?

 

[greggles]

COD got as high as $1.45 this morning just before 11am, but started retracing soon after and it's been all downhill since then. It's currently trading at $1.23. Honestly, I'm really surprised that it got as high as it did this morning. Perhaps I didn't read into yesterday's announcement what some others obviously have, but it has been holding above $1.15 today and it wouldn't surprise me to see it continue to consolidate above the $1 mark.

 

[Stockbailx]

Coda has approvals in place for multiple additional holes and anticipates mobilising a third diamond rig to Emmie Bluff Deeps in the coming days.
The work will proceed in parallel with ongoing resource infill drilling covering the shallower, Zambian-style copper-cobalt mineralisation at Emmie Bluff, where Coda remains on track to deliver a maiden mineral resource estimate later this year.
“Given the size of the prize, together with the location of Emmie Bluff Deeps in a tier-one mineral province just 16km from one of the world’s most exciting new IOCG discoveries, we feel that we owe it to our shareholders to pursue this game-changing opportunity with vigour,” Mr Stevens said.

 

[Sean K]

The insanity continues. Much lower volume though. Fun to watch. Gotta buy one of these before lift off...

 

[Stockbailx]

Ceasing to be a substantial holder. Credit Suisse sell out. Coda Minerals share price falls. Is this the end for Coda or will they bounce back next week with copper prices going through the roof ; https://newswire.iguana2.com/af5f4d...037006/COD_Ceasing_to_be_a_substantial_holder

 

[Sean K]

After hitting $1.75 the punters bailed and no one's left with a chair.

Took advantage of the situation to raise $$ issuing shares at $1.20.

That's a mighty drop from the top but wayyyy above their price just a few weeks ago when it was down at .30.

 

[Stockbailx]

Coda ain't burn't out just yet, buyers are back in, strong bullish gains yesterday after receiving announcement;
Thick Zone of IOCG Mineralisation Intersected at Emmie Bluff Deeps. Where it all begun...

 

[Sean K]

I guess they think these are good results. Maybe they've found Oak Dam 2.