Cora Gold Share Discussion Threads

[stevedaytrader] 14/12/2022 09:21

CORRIENTES1- Plat is a complete clueless muppet, he losing record and inane posts on other forums demonstrate this- he simply pollutes multiple forums.
The muppet posted ~4 weeks ago- "17/11/2022
12:00 plat hunter: Treasuries are about to get dumped, yields to rise again gold to fall back to circa 1670 support"
Prat is getting battered by his gold short 😂🤣😂- Clueless tool with a chart tool that is Prat

[corrientes1] 14/12/2022 09:21

Plat - I still don't know why you are so obsessed with a company in which you have no interest. As I've seen with others, I can see that resentment might appear to offer a bit of temporary relief, but believe me it doesn't work, and isn't a good human trait.

As for your wonderful technical advice, for which I thank you, it doesn't seem to have done you a lot of good with HUM, eh !

Mining license in Mali ? What a bland ingenuous comment to make if you look closely at what the Government have actually said. You're hoping for bad news, but that would be devastating for HUM, where the government would probably expropriate the asset and maybe give it to the Chinese or similar.

I can't remember 'ramping' CORA, but in any case I bought shares in tranches down to the present lows, so I'm not fussed, even with the forthcoming dilution. I reckon at the least I'll get my money back.

Stick to HUM ; you know it makes sense, or at least it did a couple of years back.

[plat hunter] 14/12/2022 08:56

The only thing that has changed from that post is the potentisl dilution has increased from 60% to 200%

[plat hunter] 14/12/2022 08:54

Plat Hunter - 25 Aug 2021 - 07:55:05 - 602 of 1143

Chesty... you misunderstand and your ability to read appears to be either full on ignorannt or Tricolo level intermediate at best. Perhaps we shouldn't expect anything more from a full tilt one stock aim punter though, so I'll repeat what I've said many many times. The share price here doesn't concern me in the slightest and I have nothing against Cora at all.


A surging share price doesn't make your cretinous understanding of facts anymore correct.


The facts are..
Cora has negative cashflow
Sonko build will be atleast 80-100 million
Term sheets are non binding
Lionheart term sheet will equal 60% dilution


Now run along, do your pump and dump as much as you want but if you don't keep it factual or realistic, I will correct it.

[plat hunter] 14/12/2022 08:40

2p and massive dilution coming just to keep the lights on


NO MINING LICENSE IS A PROBLEM

[corrientes1] 13/12/2022 17:09

I see you still haven't come to terms with HUM's absolutely dreadful performance,
even worse than that of CORA.

FYI virtually all these explorers have been very badly hit in this environment, but we'll see who has the last laugh in this particular contest. There's every likelihood that you will end up with 0p for your holding in HUM, but CORA will at least not go into liquidation.

Being a naturally arrogant individual, you can only get thrills from rubbishing anybody else who dares criticise your opinions.

[plat hunter] 12/12/2022 11:29

How very humble of you corrientes, such a graceful loser. You couldn't take an alternative opinion at 20p so not that surprised really.

This has panned out exactly how i said it would both on a fundamental and technical basis. You got what you deserve imo you clueless trolling ramper....

No mining licence and no cash 2p coming here now.

[corrientes1] 11/12/2022 20:52

Plat - Don't know why you spend time commenting on a company you clearly have no time for. Maybe you should stick to your wonderful HUM where you're bound to make a fortune. LOL.

You really would hate it if CORA came up trumps and HUM folded, wouldn't you ?

[plat hunter] 11/12/2022 09:22

Well looks like at least one person here called it right over the last couple of years?

🤣🤣🤣👍

[plat hunter] 09/12/2022 13:35

No mining licence will do that

[corrientes1] 01/12/2022 21:48

Endeavour's interest in Mali is increasing, so that gives me confidence here.

[vaston] 30/11/2022 11:02

Next multibags

SYME … CLON…. WBI ….MODE

[sipptrader88] 29/11/2022 19:43

oh oh!



but it will be sorted by the time we are ready??????? maybe!

[billyboy2fromiii] 28/11/2022 18:37

Hi Corrientes, I also watched the presentation and submitted a series of questions. May I ask your thoughts on dilution? Are you not concerned about the number of shares that may be required to raise $30m ? BB2.

[corrientes1] 28/11/2022 14:21

Saw today's conference, and nothing jarred for me. People are worried about Mali/Terrorism, but as the country is so big, as large as Europe, this aspect doesn't bother me. I hope they can learn from HUM's mistakes on common issues if the geology is comparable.

[sipptrader88] 22/11/2022 15:27

After yesterday's news, I am nearly topped up to my previous record holding! It is the right time...makes sense to me! If the term sheet or whatever dilutes the share price I will add accordingly, but I'm not going to mess with the project dynamics as are and a £13m market cap! GLA

[plat hunter] 21/11/2022 22:18

Can't say I'm impressed..

Best part of 100 million for 56k based on 1750 gold.
Lionhead term sheet for circa 20 mill if I recal for the equity and 90 mill loan...Might be one for Coris bank but that term sheet is going to dilute the issuance at a rate of 130% on the current mcap.

Lionhead practically get circa 60% of the enlarged issuance in the best case funding scenario that is some potential over hang.

[swanvesta] 21/11/2022 12:00

I wonder who Bert might compare himself with on the TSX? Toubani Resources also has a DFS with much larger resource, also in Mali, also free-digging and heap leach, with similar IRR but looking at 100koz pa. And stuck in a rut with market cap CAD$9m!! I hope Bert has better luck with Lionhead moving this project forward.

[theimpatientone] 21/11/2022 07:14

More lending required ?

[theimpatientone] 21/11/2022 07:13

Cora Gold Limited, the West African focused gold company, is pleased to announce Optimised Project Economics following the announcement of Maiden Reserves and completion of a Definitive Feasibility Study ('DFS') for its flagship Sanankoro Gold Project ('Sanankoro' or the 'Project') in southern Mali (see announcement dated 21 November 2022).

Highlights

-- Optimised Project Economics (post tax, based on a gold price of US$1,750/oz) and Maiden Probable Reserve of 422koz @ 1.3 g/t Au:

-- 52.3% internal rate of return ('IRR')
-- 1.2 year payback period
-- US$71.8m first full year free cash flow ('FCF')
-- US$234m FCF over life of mine ('LOM')
-- US$997/oz all-in sustaining costs ('AISC')
-- 6.8 years Reserve mine life
-- 56,000oz pa average production
-- US$90m pre-production capital (including mining pre-production & contingencies)
-- The optimisations to the DFS were focused on capital expenditure savings which have delivered improved Project economics

-- Solar hybrid power option incorporated into the plant design, delivering savings in both operating costs and carbon emissions.

-- 121koz of pit optimised Inferred Resources, using the same parameters as Reserves, offer potential for an additional 2.5 years of mine life and US$76m additional FCF (based on a gold price of US$1,750/oz). Further infill drilling should, in time, enable the conversion of these Resources to Reserves.

-- Significant potential upside from Exploration Target estimated to contain between 26.0 Mt and 35.2 Mt with a grade range of 0.58 - 1.21 g/t Au for a potential 1,370koz Au.

-- Lionhead Capital Advisors Proprietary Limited ('Lionhead') has confirmed continued support for the Project and is in discussions around a term sheet for up to US$30m.

Bert Monro, Chief Executive Officer of Cora, commented, " The Optimised Project Economics, worked on concurrently with the completion of the DFS, have delivered a project with 52% IRR, 1.2 year payback and with US$234m of free cash flows being generated over the Reserve mine life.

"Sanankoro benefits from a low strip ratio mine plan focused on oxide ore which helps deliver a low technical risk project. The Company also has considerable further upside potential with pit optimised Resources, using the same parameters as the Reserves, adding 2.5 years to the existing 6.8 year Reserve mine life and US$76m free cash flows. In addition, as recently announced, Sanankoro has an Exploration Target that shows the potential for up to an additional 1,370koz Au within 8km of existing pits, offering significant future growth.

"Investment firm Lionhead has confirmed to the Company its continued support to fund the future development of Sanankoro. The Company and Lionhead are in constructive discussions in respect of the arrangement for a funding package of up to US$30 million. Furthermore, we have started discussions with a number of potential lenders to support the Lionhead term sheet to fully fund the Project. The Company anticipates providing further updates on these fundings in due course."

[theimpatientone] 21/11/2022 07:10

Cora Gold Limited, the West African focused gold company, is pleased to announce Maiden Reserves and the results of a Definitive Feasibility Study ('DFS') for its flagship Sanankoro Gold Project ('Sanankoro' or the 'Project') in southern Mali.

Highlights

-- Maiden Probable Reserves based on a gold price of US$1,650/oz are as follows:

Tonnes Grade Contained Recovered
('000s) (g/t Au Au
Au) (koz) (koz)
Total Ore 10,094 1.30 422 380
-------- ----- --------- ---------
Total Waste 46,564
-------- ===== ========= =========
Strip ratio (Waste
: Ore) 4.61
-------- ===== ========= =========

-- DFS economics (post tax, based on a gold price of US$1,750/oz)
-- 37.4% internal rate of return ('IRR')
-- 1.5 year payback period
-- US$228m free cash flow ('FCF') over life of mine ('LOM')
-- US$1,033/oz all-in sustaining costs ('AISC')
-- 6.8 years Reserve mine life
-- 56,000oz pa average production
-- US$108m pre-production capital (including mining pre-production & contingencies)
-- Detailed metallurgical test work confirmed LOM gold recovery of 90.1% through a conventional 1.5 Mtpa Carbon in Leach ('CIL') processing plant.

-- Solar hybrid power option incorporated into the plant design, delivering savings in both operating costs and carbon emissions.

Bert Monro, Chief Executive Officer of Cora, commented, "The Company is pleased to be releasing its Maiden Reserves and DFS on the Sanankoro Gold Project, focused on open pit oxide mining through a traditional gravity and CIL processing plant. The benefit of low strip ratio oxides is seen both in the mining and processing costs, and this has helped deliver a very robust project economically with low technical risk. We are confident that with additional drilling we can significantly add to Sanankoro's reserve mine life through both existing resource conversion and drilling the recently updated exploration target.

"Concurrent with completing the DFS, the Company has been working on a number of additional optimisations with other independent technical consultants. The results of the optimisation work will be published shortly.

[corrientes1] 15/11/2022 19:30

This Mali/Russia military co-operation pact could stabilise Northern Mali which is probably better than the present situation. Northern Mali has been a problem for decades.