Cora Gold Share Discussion Threads

[chipperfrd] 07/7/2021 13:23

Thank you Corrientes.

I had already created a discounted cashflow model for the possible Heap Leach production but thought it more likely that they would eventually go for a CIL plant and longer Life of Mine.
That will require significantly more pre-production capex but I am now assuming the DFS will favour that approach to production given the grades that we are now seeing.

I don't post much these days but imagine there may well be good reasons to discuss upcoming news flow here.

All the best
Chip

[corrientes] 07/7/2021 12:57

chip - I will appreciate your continuing interest in this.

[chipperfrd] 07/7/2021 11:45

Given the high grades they are finding it would look highly likely that they will move on from the cheap heap leach option stated in their scoping study and will instead install a CIL plant. I await the DFS with interest.

[edgein] 07/7/2021 11:44

Jung,

Its taken some time for sure for this one to pop. But the main upside will come once in production especially with the current gold price.

Regards,
Ed.

[glavey] 07/7/2021 11:31

Nothing like a bit of an over reaction to make the day entertaining.

[jungmana] 07/7/2021 11:08

Well done guys. Been watching for a few weeks but never bought in. I hold LND and may still get in here at some stage.

[oapknob1] 07/7/2021 11:00

Secured conditional US$21m Term Sheet with investment firm Lionhead Capital Advisors Proprietary Limited in June 2020 to fund the future development of Sanankoro post Definitive Feasibility Study ('DFS'), which is on track to complete by end of 2021

[oapknob1] 07/7/2021 10:58

Already done. Already flipping03 June 2021Cora Gold Limited ('Cora' or 'the Company')Fundraising - excess demand from Subscribers

[mally6] 07/7/2021 10:55

Looks like there is sellers maybe a placing lined up could not buy earlier now u can buy as many as u like

[lasata] 07/7/2021 10:02

And HUM sold their 9.5% last month..........

[paddyfool] 07/7/2021 09:58

the amount of gold they have here is staggering.....

[qs99] 07/7/2021 09:29

let's hope we can consolidate the gains....DYOR

[ukgeorge] 07/7/2021 09:28

Well done Cora!! Cracking results, I hope Bert creates a stalla company

[oapknob1] 07/7/2021 09:19

Not yet. Hoping 11p will be new trading range. Placees flipping. Once the 40,425,000 overhang clears if it holds 11 then it's a good base to kick on from.

[corrientes] 07/7/2021 09:17

Yes, but not necessarily quickly if recent history about mining shares is to be the judge, and I've been in them a long time now. I've come to learn over the years that good results are one thing, but the people that can move prices, are fickle and live in a different universe to unsophisticated punters like myself.

Having said that, you can indeed guarantee that bad results of any type, will usually see a logical sharp decline. Another strong possibility is that the Market has seen through the ridiculous speculation of the old days, even in mining and oil shares, and financial controls are tighter. You are therefore less likely to lose your shirt, which surely has to be a good thing.

[oliversydney] 07/7/2021 08:45

On this news surely must pass the high for the year of 14 pence and futher

[oapknob1] 07/7/2021 08:36

Likewise. Patience required here. Wake me up when September comes.

[corrientes] 07/7/2021 08:32

Yes, exactly. There's a huge amount of drilling still to do. Look at their announcements. I originally bought in because of the backers and now have, for me anyway, a very large holding here.

[oapknob1] 07/7/2021 08:19

This hasn't really started yet. End of drill campaign then resource upgrade to come

[oapknob1] 07/7/2021 08:15

Placees taking profit on the rise.

[corrientes] 07/7/2021 08:08

Don't often see bid and offer at the same price, even if temporarily. Have there been further developments, or is it/was it, just a freak incident ?

[corrientes] 07/7/2021 08:01

My biggest gold holding. The company's major backers have got deep pockets and are not known for their failures !

[edgein] 07/7/2021 07:59

I think that RNS could be considered the cherry on top! :)

Regards,
Ed.

[oliversydney] 07/7/2021 07:58

Could well do as shares tightly held and pre market already up

[bumpa33] 07/7/2021 07:56

cracking width/grades. Comparable to OMI yesterday. Will it move like OMI though…