Cora Gold Share Discussion Threads

[qs99] 29/7/2020 09:46

Blimey, glad I jumped on board! Looks like market waking up to CORA

[qs99] 29/7/2020 09:40

Agreed, especially based on those drilling results. Late to the party, but glad to be in and will also dip in further on any retracing.

Interesting that it's NPV calcs were done at $1,400.....gold now pushing towards $2,000 so 40% higher.....DYOR

[hickersp] 29/7/2020 09:36

Walter, thank you. It has a way to run yet and may well buy more on any significant dips. Although, given how tightly held the shares are, and how good the prospects seem, it's improbable!

[parsons4] 29/7/2020 09:04

I also have HUMM, I do own some Cora warrants, IMHO a £25m market cap is far too low and the price is not running ahead because of the warrants. Let's face it, it will mean a further £3m for the company when the warrants (which are dated 30/09) are converted. With GOLD knocking on $2000 per oz Cora is in a fantastic position. For my part I am a buyer on any set-back towards 10p !! GLA

[qs99] 29/7/2020 08:55

haha, good point!

I have HUM so doubling up with its stake here

[ukgeorge] 29/7/2020 08:55

Yep, I can't be the only one wishing I had a few more of these rather than Hum.

[photon] 29/7/2020 08:52

I remember people worrying about the ton of Greatland warrants when the share price was still sub 2p!

[qs99] 29/7/2020 08:50

hence all the news now to get the warrants in the money I suspect!

[parsons4] 29/7/2020 08:31

There is one small point that everyone has overlooked. There are just under 28m warrants outstanding from the placing done last year. They are exercisable at 10p and expire in September. Interesting !!!!

[prince7652] 29/7/2020 08:28

Thanks Ed added some more

[photon] 29/7/2020 08:26

Thanks Ed, nice summary

[edgein] 29/7/2020 08:21

Photon,

Approx 190m shares in issue, very tightly held with little free float. News flow of late couldn't be much more positive. These shallow weathered zones are coming up with good grades and good intercepts and they now think original discovery stretches 4kms. Even the termites are finding gold from the sounds of it. Management here have a history of finding multi M oz. For me its a buy and hold to production (which already has a funding offer).

Regards,
Ed.

[photon] 29/7/2020 08:16

Thanks. Advfn says 66m shares in issue. Just looked at company website and says 190m. Still, £26m now is not much compared to some other gold explorers, given this week's news

[prince7652] 29/7/2020 08:12

Market cap £20m according to SharePad

[photon] 29/7/2020 08:10

Been looking at this for a while and bought a few yesterday. Had forgotten what the market cap was and just checked on advfn - is £9m right?! There seems to be some upside potential at that valuation...

[walter walcarpets] 29/7/2020 07:57

Well done hickersp et al....looks like you're on to a real winner here!

[corrientes] 29/7/2020 07:44

hickersp - My largest precious metal holding with purchases made over the last two or three years.

I'd read up about the fabled wealth of Mali, and having checked out the major financial backers and technical expertise as far as an outsider can, I decided to take the plunge.

[edgein] 29/7/2020 07:44

Goodness me, there's just gold everywhere. Yet another new discovery as shallow as 60-80m over another 1.5km strike length. These guys could develop multiple shallow pits once they get their first development up and running. No wonder they're getting early funding offers in place. Looks like we may complete that 16p bowl sooner than I imagined. Excellent run of news.

Regards,
Ed.

[hickersp] 29/7/2020 07:29

Yes corrientes, and hence the mms raising the price yesterday on very little volume. They'll have plenty of buys to fill this morning!

[corrientes] 29/7/2020 07:17

Even better than announcement earlier this week ?

[hickersp] 29/7/2020 07:07

Well well well. Nice RNS am. Boom today!

[wassapper] 28/7/2020 12:24

Well. I did want a few more and wanted a little pullback, but not today!

[hickersp] 28/7/2020 11:31

Don't sell your shares, looks very much like the mms are trying to fill an order, all IMHO, DYOR!

[imnotspartacus] 28/7/2020 10:28

Yep the breakout is on