Cora Gold Share Discussion Threads

[wassapper] 31/7/2020 14:26

Ah. The old double TT caps trick!

[andy] 30/7/2020 18:44

wassaper,


This link is clickable:

[wassapper] 30/7/2020 15:27

New (to me) corporate presentation which sets things out nicely and of course gives the peer comparison which shows that CORA should be/will be 10-20 higher.

[wassapper] 30/7/2020 15:26

Ed - I don't think I can argue with much of that!

[edgein] 30/7/2020 14:08

Wass,

Did take a look at pure gold yesterday, yes great grades and lots of cash on hand. But it'll be interesting to see what their average grade is when they start to mine. It looks good but too ripe for me given their chart, yeah over the coming years they may 10-20 bag if they keep pulling out millions of oz and high grades, but CORA is more likely to do that in the shorter term given the run of results here. If the only dilution they get here is the conversion of those warrants then upside is quite obvious. They really don't need to do any more expo drilling (although they may do), but these three discoveries are enough to keep them mining shallow gold for the foreseeable future (in a year or two's time). Certainly enough to work towards the dfs with continuous drilling.

Agreed, only natural to see some profit takers and short termers move on. And with little free float here it works both ways, both upwards and downwards. But finding so much gold from the start and so close to surface is outstanding. Almost bonanza grades on one of those intercepts and its no deeper than 80m.

Regards,
Ed.

[qs99] 30/7/2020 13:28

Now on board with CORA, but also hold a few indirectly via my holding in HUM / CAPD.....GLA!

[andy] 30/7/2020 13:15

wassaper,

so it looks as though the LSE only adjust the market cap after close of trading then, which is strange, it's not difficult for them to link number of shares in issue to their own live price.

[wassapper] 30/7/2020 11:21

It looks to me as if the share price is being walked down on little volume. Trader types may be able to comment better than me

[wassapper] 30/7/2020 11:15

ADVFN is wrong.

As at 30 June 2020 the Company’s issued and outstanding capital structure comprised:
– 190,515,170 ordinary shares of no par value each;
– warrants to subscribe for 30,714,285 ordinary shares at 10 pence per ordinary share expiring 30 September 2020;
– warrants to subscribe for 320,575 ordinary shares at 16.5 pence per ordinary share expiring 09 October 2020;
– share options over 1,900,000 ordinary shares in the capital of the Company exercisable at 16.5 pence per ordinary share expiring on 18 December 2022; and
– share options over 6,200,000 ordinary shares in the capital of the Company exercisable at 8.5 pence per ordinary share expiring on 09 October 2023.

[andy] 30/7/2020 10:45

LAsata,


Well the company page on the London Stock Exchange website says market cap is £28.2 million, so confusion reigns here, unless the LSE only adjust that figure after close of business each day of course.

[corrientes] 30/7/2020 10:29

Lasata - I believe there are 191m issued shares which at 12.5p would give a cap of about £24m. Some warrants are due for conversion in September (?), but this shouldn't greatly dilute present shareholders.

[corrientes] 30/7/2020 10:29

Lasata - I believe there are 191m issued shares which at 12.5p would give a cap of about £24m. Some warrants are due for conversion in September (?), but this shouldn't greatly dilute present shareholders.

[thelung] 30/7/2020 10:15

Significant Shareholders (as at 30 June 2020)

27.85% Brookstone Business Inc
13.46% Lord Farmer
12.25% Hummingbird Resources plc (plus subsidiary company)
6.22% Key Ventures Holding Limited(plus Paul Quirk (a NED of Cora)
3.85% Capital Drilling Limited (plus subsidiary company
8.15% Total Directors and Management (including Key Ventures Holding Limited)

[andy] 30/7/2020 10:10

lasata,

Currently £8.92 million at 12.5p, according to ADVFN


You can see the figure under the 'mining' heading underneath the large chart at the top of the header.

[lasata] 30/7/2020 09:47

What is the Market Cap of Cora....someone mentioned £9.25M as on here is not correct?

[corrientes] 29/7/2020 21:07

No more daft than what's happening on the Dow. Here we at least have reality and there we see science fiction in full flow.

[edgein] 29/7/2020 14:26

Wass,

Thanks I'll take a look at that one too. Although I like those with 10-20 bag potential these days, $500m sounds as if its more mature and past the rapid gains days.

Well we've both been around these bb's long enough to have seen many a crisis come and go. Most countries are opening up again already, Its very tragic for any one that has lost someone due to the virus, but life goes on. Death rate has been nowhere near where the BBC predicted early on. Probably this time next year most will be saying remember that virus from last year. There was a study that suggested that the latest Covid entered the UK was around January. There has been very little antibody testing to know who has had it and who hasn't. But interestingly enough since there was something like 500k people on that Brighton beach there's not been a second spike. Its looking very much at present like there won't be one.

Apart from the odd local outbreak imo the virus will be pretty much done and dusted by the end of the year. Remember early on all those people that kept cramming into the tubes and not listening to social distancing etc. Now knowing how quickly this blighter spreads through crowds its likely that the infection rate was far higher than the limited testing showed. So I'm rather optimistic that the worst is by far over and we'll be able to spend our ongoing profits to our hearts content!

Regards,
Ed.

[glavey] 29/7/2020 13:10

The share price is still being ramped.

[edgein] 29/7/2020 12:27

Wass,

Yeah I watched that crux video after it came out. Very impressive set of management and investors in this one.

O/T

The ozzie is Calidus who have fast tracked their permitting process and just recently raised the equity element of mine funding, just need the debt element. Around 10 months construction time to 90k oz per annum of shallow opencast (due to produce late next year). Like these fellas they've only scratched the surface of their long strike and exploration areas. Take a look.

Regards,
Ed.

[wassapper] 29/7/2020 12:11

Edgein - that's the plan for the warrant money. If you watch the recent Crux video with Bert he says as much. I do think it might be a close call on the cash side. I suspect they might need some extra from somewhere in the meantime as 18 months and a DFS on top of more drilling will burn a lot of cash.

Who's the Aussie?

[ukgeorge] 29/7/2020 11:13

That was still in my tabs of things to read from last week.....

[ukgeorge] 29/7/2020 11:12

Cora Gold* (CORA LN) 13.5p, Mkt Cap £26m – Another new discovery at Sanankoro
BUY – 17.2p
CLICK FOR PDF
• The Company discovered a new 1,500m gold zone at Dako II license area located ~7.5km to the south of the Zone A resource at Sanankoro.
• 18 shallow oxide holes (60-80m) for 1,264m were completed at site with selected results including:
o 6m @ 1.48 g/t Au from 21m in hole DC0002;
o 11m @ 1.28g/t Au from 35m in hole DC0002;
o 12m @ 1.52g/t Au from 60m in hole DC0007;
o 7m @ 1.37 g/t Au from 6m in hole DC0008.
o Artisanal workings and historical soil and termite sampling point to a potential to extend the total length of the Dako II zone to over 4km.
o Intersected gold mineralisation is hosted within the weathered horizon, appears to be similar to the Sanankoro and is open in all directions including up north towards the Zone A.
o Contiguous location of the license means the potential resource can be added int the Sanankoro mine plan.
o This is the second discovery announced this week with drilling results from the Bokoro II permit area returning intersections of oxide mineralisation over a new 1.5k long gold zone (27 Jul/20).
Conclusion: The discovery of a new gold zone with similar type of mineralisation within the trucking distance of the Sanankoro Gold Project highlights high exploration potential of the area and may further grow the life of mine. The mineralisation traced of 1.5km remains open in all directions and may extend to over 4,000m with further drilling.
*SP Angel acts as Nomad and Broker to Cora Gold

[edgein] 29/7/2020 10:30

Parsons,

That £2.8m would fund a lot of shallow drilling and the DFS. Now that they have established 3 gold discoveries in next to no time they'll likely concentrate on their main asset and the DFS conditional to the mine funding. With the current gold price they'll likely want to fast track a lot of this and get more drilling results incorporated into the DFS next year. I hold an ozzie gold developer that's currently going flat out sorting out mine funding due to the current Au price. Given the results to date the cash from the warrants could be put to good use.

Regards,
Ed.