Cora Gold Share Discussion Threads

[plat hunter] 10/7/2024 15:07

Don't forget the DFS... 1MTPA plant required... HUM"s 1MTPA build and ramp up costs for their new mine in Guinea has cost around 130 million USD.

With a lowly 8 million mcap Cora shareholders are wiped out. Debt to equity no longer stacks up, the best shareholders can hope for now is a sale and a royalty

[bsg] 09/7/2024 14:01

Don't forget this:
10 March 2023

Cora Gold Limited

('Cora' or 'the Company')

Fundraising: Update and Closing

Cora Gold Limited, the West African focused gold company, is pleased to provide an update to the announcement of 07 March 2023 regarding the closing of the fundraising, comprising both equity (the 'Equity Financing') and convertible loan notes (the 'Convertible Financing') (together the 'Fundraising'). The Company is now in receipt of all consideration amounts. The Company can, therefore, proceed to close the Fundraising, which will include admission to trading on the AIM Market of the London Stock Exchange in respect of the new ordinary shares in the capital of the Company related to the Equity Financing.

The Fundraising for aggregate investments of US$19,803,169.26 comprises:

-- 80,660,559 ordinary shares of no par value in the capital of the Company ('Ordinary Shares') at a price of US$0.0487 per share for total gross proceeds of US$3,928,169.26 in respect of the Equity Financing; and

-- convertible loan notes convertible into Ordinary Shares for a total of US$15,875,000 in respect of the Convertible Financing.

The funds raised will be primarily used to commence development of the Company's flagship Sanankoro Gold Project in southern Mali following the reported Optimised Project Economics (announcement dated 21 November 2022), which highlighted strong economic fundamentals.

The CLN is going to cause massive dilution.

[citys2874] 09/7/2024 09:37

I do technical analysis and this is primed to breakout i have called many shares at the bottom and had many baggers ....this is a multi-bagger at this price

[corrientes1] 09/7/2024 09:21

City2874 - with your nonsense, you are doing everything possible to try and prove this is a no-hoper. If you shut up, things might just improve.

[citys2874] 09/7/2024 09:15

today is the bottom and warren buffet say buy low and sell high primed for a major breakout upwards

[citys2874] 09/7/2024 09:14

gold price going to r5ocket by the end of the year

[citys2874] 09/7/2024 08:29

Should get some press coverage coming in now ....great RNS and worth its weight in GOLD

[citys2874] 09/7/2024 08:11

1.90 paid wont be long till this moves past 2.00 and then will move up very fast upto 2.50

[citys2874] 09/7/2024 07:56

up 18 percent ...mms ready to let go very soon

[bsg] 09/7/2024 07:55

Anything below 1.5g/t is deemed to be average,

[citys2874] 09/7/2024 07:54

Drill results confirm large scale gold mineralisation potential

at Madina Foulbé in East Senegal



Cora Gold Limited, the West African focused gold company, is pleased to announce that it has completed a reconnaissance Reverse Circulation ('RC') drilling programme at the Tambor gold anomaly, which is one of four key target areas within the Company's Madina Foulbé exploration permit within the Kenieba Project Area ('the Project') in east Senegal. The permit is in close proximity to several Tier 1 gold deposits located within the Mako Geological Belt of the Kédougou-Kéniéba Inlier ('KKI') (see Figure 1).



DRILL HIGHLIGHTS

· 40 shallow RC holes drilled for 2,018m to test 10 of the most prospective targets within a large 3km long by 1.6km wide gold soil anomaly (>20ppb) at Tambor.

· 6 out of 10 targets drilled (28 of the 40 holes) were successful at intersecting mineralisation over broad widths, with results that require further follow-up.

· Best results are as follows:

o 10m @ 4.41g/t gold ('Au') from 41m in hole MFC0013 at Target 1

o 16m @ 0.97g/t Au from 38m in hole MFC0014 at Target 1

o 29m @ 0.71g/t Au from 1m in hole MFC0021 at Target 9

o 19m @ 0.61g/t Au from 34m in hole MFC0049 at Target 8

· At Target 1 (where hole MFC0013 intersected 10m @ 4.41g/t Au), all six holes encountered broad mineralisation, indicating the presence of a 60m wide zone, which remains open in all directions, including at depth.

· Over 50% of holes drilled ended in mineralisation, with an average hole length of just 50m, which offers encouragement for future drill programmes.

· Assays have now been sent for ICP-MS (4 acid) analysis, which will give multi-element data to better understand this large gold system and plan a more effective follow-up exploration programme to target higher grade and broader zones of mineralisation.

· The Company will now assess and evaluate the next steps to follow-up on these discovery holes.

[citys2874] 09/7/2024 07:50

in the top 17 risers gaining momentum

[citys2874] 09/7/2024 07:36

should break past 2.00+ very soon

[citys2874] 09/7/2024 07:32

NEWS GETTING OUT COULD BAG TODAY

[bsg] 09/7/2024 07:31

There's humongous dilution to come here.

[citys2874] 09/7/2024 07:28

news getting out buying pressure building up momentum...fabulous RNS

[citys2874] 09/7/2024 07:26

up 15 percent

[citys2874] 09/7/2024 07:26

mms ticking up

[citys2874] 09/7/2024 07:26

In the top 20 risers on the Leaderboard now

[citys2874] 09/7/2024 07:26

up 9 percent

[citys2874] 09/7/2024 07:25

1.75 paid...moving up nicley

[citys2874] 09/7/2024 07:25

all buys today

[bsg] 09/7/2024 07:11

One is great the rest are at best average. So little or no rise today.