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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Cora Gold Limited | CORA | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 2.30 | 08:00:54 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2.20 | 2.20 | 2.30 | 2.30 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 16/7/2023 09:16 by dead duck resources When the Mali govt 'purchased' an additional stake in B2Gold's mine they didn't pay a penny, arranging it as an IOU payable from production out of their increased dividend. As the government doesn't contribute to capex it doesn't plug the funding gap and can be seen as a free carry then an increased profit interest on commercial production if they so choose. This reduces profits available to shareholders so is largely negative. You could say negative to neutral as Cora's project is unlikely to ever become a mine. |
Posted at 15/7/2023 22:32 by plat hunter Cora will have their mining licence granted by end of Q4.Mali gov will issue the licence as a JV. Cora with 85% the gov with 10% and the community having 5% The licence will also give the right for the government to purchase a further 20% stake I see this as largely positive as it could potentially plug a funding gap and make Lionheads term sheet surplus to requirements. |
Posted at 28/6/2023 07:14 by avsome1968 28 June 2023Cora Gold Limited ('Cora' or 'the Company') US$70m debt Mandate Letter signed to support Sanankoro Gold Project Construction Cora Gold Limited, the West African focused gold company, is pleased to announce that it has entered into a mandate letter to appoint Atlantique Finance to act as sole adviser in the structuring and mobilisation of a medium-term loan of US$70 million in CFA franc ('XOF') to support funding the development of Cora's flagship Sanankoro Gold Project in south Mali. Atlantique Finance is the investment banking and advisory arm of Groupe Banque Atlantique and a member of the Banque Centrale Populaire Group ('BCP Group'), the 6th largest banking group in Africa in terms of equity and the leading banking institution in Morocco. The appointment of Atlantique Finance is for a minimum term of six months and on an exclusive basis. Bert Monro, Chief Executive Officer of Cora, commented, "We look forward to working with Atlantique Finance to deliver debt finance for the construction of Cora's flagship Sanankoro Gold Project. The Banque Atlantique group has extensive experience of debt financing in West Africa. "This US$70 million debt mandate is building on our fundraising activities earlier this year, where we raised US$3.9m in equity and US$15.9m in Convertible Loan Notes. Once the definitive binding agreements in respect of senior debt are concluded, and such agreements become unconditional, then the Convertible Loan Notes are subject to mandatory conversion. The Company looks forward to giving further updates on fully financing Sanankoro into production in due course as it progresses with Atlantique Finance." Habib Kone, Chief Executive Officer of Atlantique Finance, commented, "Atlantique Finance and BCP Group ha ve a track record of successfully helping businesses secure debt funding for various purposes including, in 2021, US$122m to support the construction of a gold mine in Guinea. Over the past five years Atlantique Finance and BCP Group have raised over US$8,500m on the banking and capital markets. We are confident in our ability to support Cora through our expertise and breadth of knowledge of the market, and we are available to seek the expected debt financing for the Sanankoro Gold Project." |
Posted at 04/5/2023 14:32 by corrientes1 Well then, wakey wakey Cora. It can't be the geography ; look at Hum. Have the lenders got cold feet ? |
Posted at 04/5/2023 12:18 by the count of monte_cristo It's been three weeks since my last post, so hopefully no dud will call me a ramper:) But CORA is getting cheaper by the day and due a rerate. |
Posted at 09/4/2023 12:55 by the count of monte_cristo The stock hit a high of 19p on the 2021/08/31 gold was trading at 1820 USD at that time.On the 2022/04/12 (1 year ago) the price of CORA was 8p, the gold price at that time was 1970 USD. The DFS & Optimised Project Economics have been based on a gold price of US$1,750/oz, giving an 52.3% IRR and 1.2 year payback period. The gold price is now 250 USD above that level. |
Posted at 09/4/2023 12:34 by the count of monte_cristo I could see CORA getting an offer at around a 134% premium to the current share price from an opportunistic predator looking to grow to become a mid-tier gold producer.One who has the cash to both build the mine, and therefore negate the need to go for loans and debt, as well as cash to further explore both the current resource to prove it up to extend the mine life, as well as to utilize the license area in Mali which has district scale gold potential. |
Posted at 13/3/2023 10:36 by vaston RNSBert Monro, Chief Executive Officer of Cora, commented, "I am very pleased with the strong support received for Cora's recent fundraise. Over the coming months we look forward to providing progress updates on our flagship Sanankoro Gold Project." |
Posted at 28/2/2023 13:34 by vaston Cora Gold Limited - Results of General Meeting #CORA @cora_gold #voxmarkets undefined |
Posted at 07/11/2022 07:11 by theimpatientone 3 November 2022Cora Gold Limited ('Cora' or 'the Company') Regional Exploration Update 2022 Cora Gold Limited, the West African focused gold company, is pleased to provide an update on a regional exploration programme, carried out across all five of Cora's Southern Mali permits in the Yanfolila Project Area ('Yanfolila'). The Company believe the results show that the Southern Mali permits have the potential to host economic mineral resources that could add to Cora's value in the coming years, providing further growth potential. Highlights -- Over 12km of pre-drilling gold structures discovered from early-stage exploration work across all of Cora's Southern Mali permits, which are in close proximity to Hummingbird Resources plc's Yanfolila Gold Mine -- Promising results from the Farassaba permit were received as part of a focused programme along newly identified high potential gold bearing structures. o Values of up to 6g/t gold were recorded from grab samples. o Over 9km of new gold structures were identified from three separate zones, which now require follow-up work to justify future reconnaissance drilling -- Whilst the main focus remains on the Company's development of the Sanankoro project, teams continue to evaluate and prepare future exploration programmes both at Sanankoro and the wider exploration area Bert Monro, Chief Executive Officer of Cora, commented, "I am excited to bring our shareholders such a positive update regarding our regional exploration activities. Whilst the development of Sanankoro remains our primary objective, the promising results from our Southern Mali permits gives us earlier stage prospects, that can continue to build up our target pipeline with further exploration programmes in the endeavour to prove the mineral resource potential of these licences and enhance the overall value of our Company ." blah blah blah blah - When are they eventually going to get this gold to market ? |
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