Cora Gold Share Discussion Threads

[corrientes] 18/11/2021 16:49

chipperfrd - What I said was more in terms of wishful thinking, for, yes, you are absolutely correct as the exploration bit is over for now. You and other knowledgeable persons have said investors here need to be very patient in this haitus. Of course the company itself will be going hell for leather during this period to make sure the
conclusions of the BFS reconcile to what is being offered.

[corrientes] 18/11/2021 13:19

At the moment.

The way things are looking, the more gold they find from additional drilling, the greater the bargain, and then wavering punters will eventually realise that in these circumstances even the big holders can't continue to suppress the CORA price for as long as it suits their option position.

The proof of that to me will be the speed at which new exploration is conducted and published. If slow, then the small punter will indeed be mugged, in the relatively short term anyway. If drilling results continue as at present, admittedly somewhat doubtful, at least it might go some way to prove to me that the board are not having their arms totally twisted by the major holders.

This must happen a lot where major holders are risking their funds and want extra compensation for the privilege.

[plat hunter] 17/11/2021 14:25

You finally accepted the level of dilution that's needed here now corri?Now the only thing you need to realise is that zero × gold price equals zero.

[baddeal] 17/11/2021 09:58

It's the easiest of all variables to model. Take your revenue projections from production and factor up or down revenue based upon the price of gold, flow that through to profit and cash and you have the answer. Simples!

[corrientes] 16/11/2021 19:22

Assuming a sizeable dilution, say by doubling the current number of shares in issue, and assuming costs rose by 10% pa, I wonder what this would do to the share price for each 4100 dollar increase in the gold price, or indeed decrease.

Potential share prices seem to be based on assumed published numbers, with admittedly lots of unproven variables, but where does the most important variable of all feature ie the price of gold ? Maybe it's too complex an exercise to carry out, to produce anything meaningful.

[q2g] 16/11/2021 09:33

Maybe the Market thinks this will just be HUM Mk2.

[plat hunter] 16/11/2021 09:29

Gold in the ground on an MA valuation basis is circa $150 an ounce at the moment.

[oapknob1] 16/11/2021 09:27

540,000 x $800 $432,000,000From 7km. Where you reckon it's going.This time next year Rodders.

[corrientes] 16/11/2021 08:39

Seems gold explorers aren't what they used to be because the old barbaric relic is so yesterday' news. Nobody's really interested. It will need the veil of pretence to come off of a looming economic catastrophe, before we see any real action.

Kidology is the name of the game at the moment. Mind you I only say this because of my age. Maybe all the old economic rules have indeed been eliminated, but I remain sceptical.

[chesty1] 16/11/2021 08:24

Yep market not bothered again by another solid rns

[oapknob1] 16/11/2021 08:17

Muted so far. 200% increase over only 7km with 25.5km to drill the potential is huge.

Shovel ready.

[chesty1] 16/11/2021 08:06

Fission why do you always have to be such a weaner?

[fission453] 16/11/2021 08:02

feel sorry for you guys...you are cursed as of now cos CHESTY is the biggest Jinx!!!!

[chesty1] 16/11/2021 07:59

Happy days

[bubloo] 16/11/2021 07:58

265000 to 800000 ounces. is that right
what price today then ? 16 p

[oapknob1] 16/11/2021 07:13

Nice16 November 2021Cora Gold Limited ('Cora' or 'the Company')Updated Mineral Resource Estimate at Sanankoro Gold ProjectCora Gold Limited, the West African focused gold company, is pleased to announce an updated Mineral Resource Estimate ('MRE') prepared by CSA Global (UK) Ltd in accordance with The JORC Code (2012 Edition) for the Sanankoro Gold Project ('Sanankoro' or 'the Project') in Southern Mali. The updated MRE follows the recently completed 43,000m drilling campaign at Sanankoro which focussed on Mineral Resource growth and upgrading existing Mineral Resources to higher confidence categories.HIGHLIGHTS-- +200% increase in total ounces from maiden MRE in December 2019 and significant upgrade to Indicated category using a 0.4g/t cut off and a US$1,800/oz optimised pit shell-- Pit constrained Mineral Resource Estimate of 21.9 million tonnes ('t') at 1.15 grams per tonne ('g/t') gold ('Au') for a total of 809.3 thousand ounces (koz) of Au, including:o 540.6 koz @ 1.33 g/t Au in the Indicated categoryo 268.7 koz @ 0.90 g/t Au in the Inferred categoryo All deposits remain open in all directionso Maiden Mineral Resource at Zone C

[oapknob1] 15/11/2021 14:54

Are you on CBX ?

[chesty1] 15/11/2021 14:19

haha Platty called you out you mug!

[plat hunter] 15/11/2021 14:14

Aaaand, filtered

[plat hunter] 13/11/2021 13:03

Same here, fully divested from everywhere with the exception of goldies, roughly 50/50 cash and gold.CEY, POLY, HUM, SHG I'm hoping to start adding PAF for it's volatility soon too but we'll see, the SDRT is an unwanted cost when you're only aiming for a couple of percent here and there.

[plat hunter] 13/11/2021 10:45

Corri, please stop being a moron. I deal in facts only. I've tried to explain to you what's going on both here and HUM of which accounts for a tiny portion of my overall activity but you just don't seem to be able to want to understand or can't...I deal in facts only. I said this was over valued and called where it would go... I have been proven right. I have also stated that dilution here will be circa 50-60% based on current share price and most recently published funding propositions. Again this is a fact, it's not an opinion.You seriously need to grow up and realise not every market participant is an oversubscribed locked in ramping keyboard warrior. It's the weekend, have a day of you donut.