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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% | 2.60 | 08:00:03 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2.60 | 2.60 | 2.60 | 2.60 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 17/7/2024 15:24 by corrientes1 Plat Hunter - if it makes you feel better,making up for the large losses you've sustained on HUM, carry on, but it just shows your unhealthy spitful nature.Thank goodness I haven't got your nasty characteristics,but then trolls and similar abound on the internet. PS Yes, like you I've sustained losses in my Mali investment, but I did manage to sell a large tranche of CORA before its big collapse and things aren't ovet yet,though of course you hope they are. |
Posted at 10/7/2024 15:07 by plat hunter Don't forget the DFS... 1MTPA plant required... HUM"s 1MTPA build and ramp up costs for their new mine in Guinea has cost around 130 million USD.With a lowly 8 million mcap Cora shareholders are wiped out. Debt to equity no longer stacks up, the best shareholders can hope for now is a sale and a royalty |
Posted at 09/7/2024 14:01 by bsg Don't forget this:10 March 2023 Cora Gold Limited ('Cora' or 'the Company') Fundraising: Update and Closing Cora Gold Limited, the West African focused gold company, is pleased to provide an update to the announcement of 07 March 2023 regarding the closing of the fundraising, comprising both equity (the 'Equity Financing') and convertible loan notes (the 'Convertible Financing') (together the 'Fundraising'). The Company is now in receipt of all consideration amounts. The Company can, therefore, proceed to close the Fundraising, which will include admission to trading on the AIM Market of the London Stock Exchange in respect of the new ordinary shares in the capital of the Company related to the Equity Financing. The Fundraising for aggregate investments of US$19,803,169.26 comprises: -- 80,660,559 ordinary shares of no par value in the capital of the Company ('Ordinary Shares') at a price of US$0.0487 per share for total gross proceeds of US$3,928,169.26 in respect of the Equity Financing; and -- convertible loan notes convertible into Ordinary Shares for a total of US$15,875,000 in respect of the Convertible Financing. The funds raised will be primarily used to commence development of the Company's flagship Sanankoro Gold Project in southern Mali following the reported Optimised Project Economics (announcement dated 21 November 2022), which highlighted strong economic fundamentals. The CLN is going to cause massive dilution. |
Posted at 09/7/2024 07:54 by citys2874 Drill results confirm large scale gold mineralisation potentialat Madina Foulbé in East Senegal Cora Gold Limited, the West African focused gold company, is pleased to announce that it has completed a reconnaissance Reverse Circulation ('RC') drilling programme at the Tambor gold anomaly, which is one of four key target areas within the Company's Madina Foulbé exploration permit within the Kenieba Project Area ('the Project') in east Senegal. The permit is in close proximity to several Tier 1 gold deposits located within the Mako Geological Belt of the Kédougou-Kéniéba Inlier ('KKI') (see Figure 1). DRILL HIGHLIGHTS · 40 shallow RC holes drilled for 2,018m to test 10 of the most prospective targets within a large 3km long by 1.6km wide gold soil anomaly (>20ppb) at Tambor. · 6 out of 10 targets drilled (28 of the 40 holes) were successful at intersecting mineralisation over broad widths, with results that require further follow-up. · Best results are as follows: o 10m @ 4.41g/t gold ('Au') from 41m in hole MFC0013 at Target 1 o 16m @ 0.97g/t Au from 38m in hole MFC0014 at Target 1 o 29m @ 0.71g/t Au from 1m in hole MFC0021 at Target 9 o 19m @ 0.61g/t Au from 34m in hole MFC0049 at Target 8 · At Target 1 (where hole MFC0013 intersected 10m @ 4.41g/t Au), all six holes encountered broad mineralisation, indicating the presence of a 60m wide zone, which remains open in all directions, including at depth. · Over 50% of holes drilled ended in mineralisation, with an average hole length of just 50m, which offers encouragement for future drill programmes. · Assays have now been sent for ICP-MS (4 acid) analysis, which will give multi-element data to better understand this large gold system and plan a more effective follow-up exploration programme to target higher grade and broader zones of mineralisation. · The Company will now assess and evaluate the next steps to follow-up on these discovery holes. |
Posted at 20/6/2024 09:40 by plat hunter Rumour has it that Cora are looking to sell the Senegal assets with Fortuna Silver reportedly quite interested. |
Posted at 14/6/2024 08:54 by avsome1968 Only thing I don't like is Cora taking the CLN loan. |
Posted at 14/6/2024 07:48 by corrientes1 He's got a hatred obsession about Cora. Goodness knows why he goes on about it. Surely it's irrelevant to him, unless of course he's doing it to make himself feel better having lost out here. Patience is a vrtue so they say. |
Posted at 15/7/2023 21:32 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 06:14 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 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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