Share Name Share Symbol Market Type Share ISIN Share Description
Cora Gold Limited LSE:CORA London Ordinary Share VGG2423W1077 ORD NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  -0.40 -2.88% 13.50 1,112,211 09:17:04
Bid Price Offer Price High Price Low Price Open Price
13.00 14.00 14.75 13.50 14.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -1.11 -1.15 33
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:06 UT 1,652 13.50 GBX

Cora Gold (CORA) Latest News (2)

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Date Time Title Posts
20/10/202109:49Cora Gold - high grade explorer to near term producer765
10/2/202109:26Cora Gold - Mali Gold Exploration 501

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Cora Gold Daily Update: Cora Gold Limited is listed in the Mining sector of the London Stock Exchange with ticker CORA. The last closing price for Cora Gold was 13.90p.
Cora Gold Limited has a 4 week average price of 12.58p and a 12 week average price of 10.25p.
The 1 year high share price is 19.50p while the 1 year low share price is currently 7p.
There are currently 247,057,159 shares in issue and the average daily traded volume is 379,730 shares. The market capitalisation of Cora Gold Limited is £33,352,716.47.
corrientes: I look at the share price movement today and think that the negative attitude to gold is behind it all, so any news has to be read as bad news, even if it's potentially good news. You can understand the company and its backers being over the moon about today's announcement ; as their fees and bonuses are guaranteed for a long time to come. Oh that investors could feel the same way. Then I also think that maybe the more astute investors here and elsewhere think the story is not being interpreted correctly. It's those with the big money who'll be the real beneficiaries of the Returns from CORA, so there cannot be and there never will be a level playing field. If so, just another example of making the uber rich even richer at the expense of the rest of us, as usual. Another small example of greed creating such a lop sided playing field that the whole edifice must come crashing down at some point. But then it's only human nature to grab as much as you can for yourself. Yes, the elite bankers and there friends have taken a risk, but looking at the original financing plans, it seems to me that even then, the downside for them at the time was very low. What's new !
plat hunter: 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 millionTerm sheets are non bindingLionheart term sheet will equal 60% dilutionNow 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.
smudge104: https://mcusercontent.com/d9ebd7c1aa0f3dbc5fab42eca/files/9d39171e-9423-b230-a185-e05246374684/CoraGoldLimited_18_8_21_FINAL_BG.pdf TPI is suspending its base-case risk-adjusted equity valuation ahead of updated mineral resource estimate Today’s news adds further weight to the expectation that Cora’s latest drilling campaign and prospective DFS have potential to deliver significantly improved mining economics for the Sanankoro Gold Project. With the current share price now close to the target set back on 18 November 2020, TPI is now suspending its assessment in anticipation of publication of a substantially improved compliant mineral resource estimate before the end of 2021 followed by construction of a gold mine in 2022. The original assessment determined a base case DCF valuation of £37.8m, implying an adjusted target price of 18.4p/share; an updated valuation will likely not only factor in the anticipated resource enhancement, but also adopt less prudence in terms of the forward gold price (previously set at US$1,600/oz and presently trading at over US$1,785/oz)), while possibly also reducing the previously applied 8% discount rate as well as multiplying the modest £3.8m exploration upside that had been assumed. This is before even considering the additional opportunity presented through the Company’s Madina Foulb√© Project (or Diangounte East or Yanfolila), whose potential has already been suggested by the large soil geochemical anomalies encompassing the prospect along with positive historic drill results. Having also been based on just a limited resource and a short three-year LOM, centring the new drill programme on opportunities such as Dako II (where mineralisation has been intersected up to c.175m at depth), substantial upside potential remains given that under 25% of the prospect’s total 40km strike length has been drilled to date. Cora’s ability to continue progressing Sanankoro’s development toward mine site construction over the next 18 months or less, as well as continued execution of successful exploration programmes within its other prospects, remain the key drivers of its valuation. In this respect, potential upside for Cora was highlighted in a Research Update published by TPI on 1 March 2021, in which comparison was drawn with what is probably its most obvious albeit more advanced peer, regional Malian gold miner Robex Resources Inc. (‘Robex’, TSXv: RBX). Robex filed an updated NI 43-101 technical report containing the mineral resources/reserve estimates for its Nampala mine as at July 31, 2020, which resulted in the extension of its LOM to over eight years, despite achieving a head grade of only c.1.00g/t, compared with the 1.50g/t indicated for Sanankoro in its Scoping Study. With Robex’s market value having multiplied around 4-fold over the past 24-months following its delivery of best production expectations while also responding to an improved gold price, this performance presently awards it an enterprise value of c.CND$233m with shareholders also having benefitted from a dividend pay-out that implies historic yield of almost 8%.
plat hunter: Apart from the small facts that Cora don't have a DFS or any processing capabilities, how on earth does mining gold automatically have a minimum 14p share price.Are we not going to look at things like earnings per share and total issuance... Just draw a line in the sand for a guaranteed price eh?
corrientes: Thanks Chip. UK gold shares are definitely in the doldrums at the moment, so CORA's slight positive movement today is definitely a good sign in my book. Very occasionally, I've spotted generally bad situations (like today where the price of gold has fallen significantly), where you can actually see evidence of the wheat being separated from the chaff. I wonder if this is another instance of it. Despite the talk about no increase in interest rates, with even more mention of negative interest rates, most are inferring the inflation can only keep going up. With gold continuing to be depressed, CORA shares should continue to gently ascend to the end of the year when the DFS is announced. Were inflation to be acknowledged in the Market, then it's anyone's guess as to where the CORA price might get to, for it's as much to do with sentiment as it is to do with the intrinsic value of the company itself. IMO.
chesty1: hTTps://www.share-talk.com/tpi-provides-its-latest-research-note-on-cora-gold-limited-cora-l-8/#gs.88iuq4 Going above 20p & soom folks Very undervalued on current find & more assay results to compliment the share price in the short term!!!!
edgein: Bsg, EEE have good potential, but CORA have amazing potential and have been well backed, funded through all this drilling and also an offer of development funding. Look at the last couple of years of drill results here. Some of these shallow discoveries they've said in the past may be connected. Between the current and ongoing drilling campaign these guys at CORA must be on over 50,000m of drilling and its shallow and low cost. EEE will need a lot of $m in funding to catch up with these guys in terms of progress, the chances of matching them on grades is very slim. Its rare that a company comes out with shallow grades and widths as high as these for CORA. There's gonna be constant news flow here through the remaining drill campaign and lots more assays to come which will lead into the resource upgrade and then the DFS. Rather than look for the next CORA, there's plenty more to come from the current CORA. Regards, Ed.
corrientes: The more I study the share price movement at announcement times, the more convinced I become, that manipulation is key, obviously done in order to assist large would be holders, such as fund managers, taking a position without causing a rocket in the share price. This is the only conclusion I can come to when the facts are staring us in the face.. Listened in on the webcast today, and compared with the other three CEO's who mostly waffled, Bert's contribution, was to actually talk about the project virtually all the time, which is what we want to hear about. Peer comparisons with other Mali miners/producers concerning their resources, was quite illuminating, in a good way. Also the fact that the area on the Mali/Senegal border is regarded as the creme de la creme, in maybe in the whole of Africa, was quite a revelation, and they haven't even drilled there yet, but whilst holding some of the most lucrative concessions. As several have said, subject to an unknown catastrophe, don't be concerned about seemingly peculiar day to day share price movements. That's usually to do with the parallel world of moving funds in financial centres, and not at all to do with the company's particular prospects.
avsome1968: Market needs to wake up here ? Cora Gold Limited ('Cora' or 'the Company') World Class Intersection at Sanankoro with 19m @ 31.56 g/t Au from 65m at Zone A Cora Gold Limited, the West African focused gold company, is pleased to announce the sixth set of drill results from its largest ever drilling campaign at its Sanankoro Gold Project ('Sanankoro' or 'the Project') in Southern Mali. The Company remains on schedule to drill up to 35,000m by end of the programme, with a dual focus on targeting resource growth as well as infill drilling to convert existing Inferred resources to Indicated. The results to date have been extremely encouraging with good widths and high-grade results in generally shallow oxides ore. HIGHLIGHTS -- Results at Zones A and C further reinforce the mineable quality of the Sanankoro gold structures -- Results continue the trend from Selin deposit of shallow oxide intercepts of good widths and high grades -- Gold grades are higher than historical results at Zone A and B offering potential further upside Zone A highlights: -- 19m @ 31.56 g/t Au from 65m o Intercept starts 50m below existing pit shell at Zone A -- 21m @ 5.75 g/t Au from 98m o Drilled at the base of the existing pit shell -- 17m @ 2.44 g/t Au from 34m o Below existing pit shell and up-dip from hole SC0379 (19m @ 31.56 g/t Au) -- 19m @ 2.07 g/t Au from 28m Zone C highlights: -- Zone C is currently a pre resource discovery and not part of any current mineral resource estimate -- 14m @ 8.54 g/t Au from 115m -- 7m @ 12.17 g/t Au from 70m -- 24m @ 2.32 g/t Au from 86m -- 30m @ 1.68 g/t Au from 74m Bert Monro, CEO of Cora, commented, "This drill programme continues to go from strength to strength. 19m @ 31.56 g/t Au is by far the most significant drill hole that Cora has ever drilled. This hole sits outside the existing inferred resource pit shell, starting 50m deeper than the current resource pit shell, so offers even greater upside to the Sanankoro Gold Project. This programme is continuing to deliver very high-grade oxide drill results from shallow depths, offering significant economic potential for the upcoming resource and DFS.
avsome1968: Very good news in 18 months if theirs not too much dilution in cora share price could see a 3-4 bagger here gold should be still very strong in 2 years time the way things are going, i will be adding on weakness here
Cora Gold share price data is direct from the London Stock Exchange
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