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CORA Cora Gold Limited

0.00 (0.0%)
29 Sep 2023 - Closed
Delayed by 15 minutes

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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
  0.00 0.0% 2.45 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
2.30 2.60
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Gold Ores 0.00 -2.51 -0.70 - 7.09
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 2.45 GBX

Cora Gold (CORA) Latest News

Cora Gold (CORA) Discussions and Chat

Cora Gold Forums and Chat

Date Time Title Posts
13/9/202317:27Cora Gold - high grade explorer to near term producer1,219
01/12/202221:48Yesterday's RNS/DFS etc.6
08/3/202215:55Cora Gold - Mali Gold Exploration 502

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Cora Gold (CORA) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-09-28 13:00:092.5019,847496.18UT
2023-09-28 12:13:562.3019,826456.00O
2023-09-28 08:00:072.609,000234.00UT
2023-09-28 07:00:242.5084021.00O

Cora Gold (CORA) Top Chat Posts

Top Posts
Posted at 15/7/2023 22:32 by plat hunter
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.
Posted at 28/6/2023 07:14 by avsome1968
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."
Posted at 10/5/2023 07:57 by the count of monte_cristo
So, a 100% upside from the current share price for anyone buying in now then. Sounds positive and why I am a buyer at these levels especially with a rising gold price.
Posted at 09/4/2023 12:55 by the count of monte_cristo
The stock hit a high of 19p on the 2021/08/31 gold was trading at 1820 USD at that time.

On the 2022/04/12 (1 year ago) the price of CORA was 8p, the gold price at that time was 1970 USD.

The DFS & Optimised Project Economics have been based on a gold price of US$1,750/oz, giving an 52.3% IRR and 1.2 year payback period.

The gold price is now 250 USD above that level.
Posted at 09/4/2023 12:34 by the count of monte_cristo
I could see CORA getting an offer at around a 134% premium to the current share price from an opportunistic predator looking to grow to become a mid-tier gold producer.

One who has the cash to both build the mine, and therefore negate the need to go for loans and debt, as well as cash to further explore both the current resource to prove it up to extend the mine life, as well as to utilize the license area in Mali which has district scale gold potential.
Posted at 28/2/2023 13:34 by vaston
Cora Gold Limited - Results of General Meeting #CORA @cora_gold #voxmarkets undefined
Posted at 14/12/2022 08:54 by plat hunter
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.
Posted at 07/11/2022 07:11 by theimpatientone
3 November 2022

Cora Gold Limited ('Cora' or 'the Company')

Regional Exploration Update 2022

Cora Gold Limited, the West African focused gold company, is pleased to provide an update on a regional exploration programme, carried out across all five of Cora's Southern Mali permits in the Yanfolila Project Area ('Yanfolila'). The Company believe the results show that the Southern Mali permits have the potential to host economic mineral resources that could add to Cora's value in the coming years, providing further growth potential.


-- Over 12km of pre-drilling gold structures discovered from early-stage exploration work across all of Cora's Southern Mali permits, which are in close proximity to Hummingbird Resources plc's Yanfolila Gold Mine

-- Promising results from the Farassaba permit were received as part of a focused programme along newly identified high potential gold bearing structures.

o Values of up to 6g/t gold were recorded from grab samples.

o Over 9km of new gold structures were identified from three separate zones, which now require follow-up work to justify future reconnaissance drilling

-- Whilst the main focus remains on the Company's development of the Sanankoro project, teams continue to evaluate and prepare future exploration programmes both at Sanankoro and the wider exploration area

Bert Monro, Chief Executive Officer of Cora, commented, "I am excited to bring our shareholders such a positive update regarding our regional exploration activities. Whilst the development of Sanankoro remains our primary objective, the promising results from our Southern Mali permits gives us earlier stage prospects, that can continue to build up our target pipeline with further exploration programmes in the endeavour to prove the mineral resource potential of these licences and enhance the overall value of our Company ."

blah blah blah blah - When are they eventually going to get this gold to market ?
Posted at 26/3/2022 08:21 by oapknob1
(ii) the lowest price at which Cora has issued new ordinary shares in the 60 days prior to the date that Cora announces achievement of the Project Milestone (the 'Equity Financing')Does this mean CORA can effectively set the base price for the first $12.5 million ?If they raise at say 10p then that would be the share price base for Lionhead providing the $12.5 million. CORA will want share price higher to reduce dilution.10, 15, 20, 25 ?Lionhead will want lower maybe but they will recoup the $12.5 million and more as the share price rises.
Posted at 05/11/2021 11:24 by oapknob1
What this ? What price do you think the share price will be at when the financing comes into play ? $12.5m = rough £9.3m At 8p 10p 15p 20p 30p 40p or 1p? The Term Sheet envisages:-- Equity Financing: US$12.5m subscription for new ordinary shares of no par value each in Cora at the lower of (i) an 10% discount to the 30-day volume weighted average price ('VWAP') at the date that Cora announces achievement of the Project Milestone and (ii) the lowest price at which Cora has issued new ordinary shares in the 60 days prior to the date that Cora announces achievement of the Project Milestone (the 'Equity Financing') -- Convertible Financing: US$12.5m investment in a Convertible Loan Note: -- Coupon: 8% per annum. -- Conversion: The total amount outstanding under the Convertible Loan Note (including interest) shall be converted, at the election of Lionhead at any time prior to the 5th anniversary of the issue of the Convertible Loan Note, into ordinary shares in Cora at the lower of (i) a 30% premium to the 30-day VWAP at the time of the Equity Financing or (ii) the 30-day VWAP at the time of conversion.-- Net Smelter Return Royalty ('NSR'): 1% until 250,000 ozs of gold have been produced from the Project. Cora may purchase and terminate the NSR at any time for US$3m payment.-- Repayment: Repayable on the fifth anniversary of advance date if not converted, or earlier, at the option of the holder, in the case of: (i) a change of control of Cora; or (ii) the merger or sale of Cora (including the sale of substantially all of the assets of the Company) at a 30% premium to the total amount outstanding under the Convertible Loan Note.Lionhead acknowledges that Cora intends to undertake private placements to enable existing shareholders to subscribe +US$3.75m in the Equity Financing and +US$3.75m in the Convertible Financing such that Lionhead's participation in the Project Financing may be reduced by such amounts.A fee equal to 3% on up to US$25 million Project Financing shall be paid by the Company to Lionhead on receipt of the proceeds in respect of the Equity Financing and Convertible Financing by Lionhead.
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