Cora Gold Share Discussion Threads

[bsg] 26/10/2023 12:05

Unchanged.

[corrientes1] 25/10/2023 16:34

Is this an improvement or a deterioration since the previous stats were issued ?

Is the company withering on the vine or, hopefully not really affecting the main area where they hope to mine ?

With the gold price looking better this must surely help, even if a large dilution lies ahead ?

[bsg] 25/10/2023 08:00

Last sync date: 24-10-2023 02:00
Active Licenses / Total Licenses: 945 / 2850
Active Applications / Total Applications: 41 / 1393
Number of Expired / Cancelled / Surrendered: 1765 / 138 / 2

[plat hunter] 13/9/2023 16:27

Could be wise bsg, I'm waiting until early next week at the earliest for a first add.

RSI divergence over the 9th August low, another 4 sessions closing above yesterday's close and we have our first buy signal.

[bsg] 12/9/2023 10:57

I'm waiting too see what the gargantuan dilution brings in share price

[plat hunter] 11/9/2023 14:22

That's actually not a bad RNS, the drop on that news is harsh imo.

Is this the capitulation point, might be time to start buying?

[plat hunter] 31/8/2023 09:25

I think the key word is "domestic investors" rather than domestic beneficiaries.

It brings Mali's mining code inline with other regional governments... Could be worse In Egypt a mine has to give 50% of net profits to the government without receiving any tax breaks or local investments.

It is the nail on the coffin here for the DFS though, there's literally nothing left that matches the DFS anymore. Surely they need a new one now?

[rogen83] 24/8/2023 21:15

Ha ha ha ha - what a b3llend

[plat hunter] 09/8/2023 12:40

Lol correnties why would I have lost money when I told you it would go sub 6p when it was at 20p?

I told you how this would pan out and why and now they don't even have a licence or secured full project funding.

One can have an interest without holding a position, it's called patience... I have the patience to wait for the licence and dilution that I said would always come in advance of any build... Bet you wished you had?

Ha ha ha ha

[dead duck resources] 17/7/2023 15:48

Taking an interest in a no-hoper can help us understand the market by learning from errors of sector peers or even help investors avoid bad eggs. Taking an interest in other posters' posting history is less insightful imho but each to their own.

[corrientes1] 17/7/2023 08:09

It's funny how some posters suddenly take an interest in a no-hoper when it's at the bottom, and bash it even more. If you look at the postings of those same individuals in other penny dreadfulls they're 'interested' in, you'll see a common theme. I prefer to see what the authorities actually do, not deliberately misinterpret what might happens. Reverse psychology at work here ?

Plat, why so much continued interest in a no-hoper ? How much have you lost here ? It's all down to luck, seemingly bad luck in your case ?

.

[plat hunter] 16/7/2023 08:51

You're probably right Dead Duck... I've been bearish on it ever getting to production for a long time.

Will be interesting to see if effects Cora's chances in anyway though.

[dead duck resources] 16/7/2023 08:16

When the Mali govt 'purchased' an additional stake in B2Gold's mine they didn't pay a penny, arranging it as an IOU payable from production out of their increased dividend. As the government doesn't contribute to capex it doesn't plug the funding gap and can be seen as a free carry then an increased profit interest on commercial production if they so choose. This reduces profits available to shareholders so is largely negative. You could say negative to neutral as Cora's project is unlikely to ever become a mine.

[plat hunter] 15/7/2023 21:32

Cora will have their mining licence granted by end of Q4.

Mali gov will issue the licence as a JV. Cora with 85% the gov with 10% and the community having 5%

The licence will also give the right for the government to purchase a further 20% stake

I see this as largely positive as it could potentially plug a funding gap and make Lionheads term sheet surplus to requirements.

[plat hunter] 04/7/2023 08:28

That's main concern tbh, the termsheet isn't a loan it's for equity in the company.

At current mcap that's a 230% dilution just to raise the equity part of the project finance. Then there's still the issue of contingency.

I think Burt needs to start thinking about selling rather than developing it.

Get rid for 20m and a few percent free carry on a royalty and most here will at least see some kind of return.

[rogen83] 02/7/2023 16:55

Yep Lionhead are good for the bal

[plat hunter] 28/6/2023 16:02

The DFS is for a circa 100 million build though, does that mean Lionhead are up for the rest on the term sheet??

Then what about a contingency?

Long way to go before the cash questions are still fully answered.

[avsome1968] 28/6/2023 06:14

28 June 2023

Cora Gold Limited

('Cora' or 'the Company')

US$70m debt Mandate Letter signed to support

Sanankoro Gold Project Construction

Cora Gold Limited, the West African focused gold company, is pleased to announce that it has entered into a mandate letter to appoint Atlantique Finance to act as sole adviser in the structuring and mobilisation of a medium-term loan of US$70 million in CFA franc ('XOF') to support funding the development of Cora's flagship Sanankoro Gold Project in south Mali.

Atlantique Finance is the investment banking and advisory arm of Groupe Banque Atlantique and a member of the Banque Centrale Populaire Group ('BCP Group'), the 6th largest banking group in Africa in terms of equity and the leading banking institution in Morocco. The appointment of Atlantique Finance is for a minimum term of six months and on an exclusive basis.

Bert Monro, Chief Executive Officer of Cora, commented, "We look forward to working with Atlantique Finance to deliver debt finance for the construction of Cora's flagship Sanankoro Gold Project. The Banque Atlantique group has extensive experience of debt financing in West Africa.

"This US$70 million debt mandate is building on our fundraising activities earlier this year, where we raised US$3.9m in equity and US$15.9m in Convertible Loan Notes. Once the definitive binding agreements in respect of senior debt are concluded, and such agreements become unconditional, then the Convertible Loan Notes are subject to mandatory conversion. The Company looks forward to giving further updates on fully financing Sanankoro into production in due course as it progresses with Atlantique Finance."

Habib Kone, Chief Executive Officer of Atlantique Finance, commented, "Atlantique Finance and BCP Group ha ve a track record of successfully helping businesses secure debt funding for various purposes including, in 2021, US$122m to support the construction of a gold mine in Guinea. Over the past five years Atlantique Finance and BCP Group have raised over US$8,500m on the banking and capital markets. We are confident in our ability to support Cora through our expertise and breadth of knowledge of the market, and we are available to seek the expected debt financing for the Sanankoro Gold Project."

[plat hunter] 23/5/2023 06:27

If it doubles from here on a permit then there'll still be the small issue of no money, no funding and at least 100% dilution.

People here have done their money plain and simple. The previous one eyed rampers such as Corrientes and Chesty are long gone too. They've skidalded out of here without much of an apology for those who bought their dead cert ramping at 20p.

[the count of monte_cristo] 22/5/2023 15:45

Hence why it is at all time lows and pennies on the dollar. That's the situation here....get the permit sorted and it doubles, until then hovering at all time lows.

[plat hunter] 22/5/2023 13:00

Dead in the water without a permit

[the count of monte_cristo] 10/5/2023 13:46

You mean raising money to build a gold mine during a period of increasingly positive prices for precious metals, whilst most other asset classes are going to stagnate or decline?

[bsg] 10/5/2023 13:01

What about the massive dilution coming? That's not going to help.