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% 6.10 320,334 08:00:11
Bid Price Offer Price High Price Low Price Open Price
6.00 6.20 6.10 6.00 6.10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -1.30 -0.56 18
Last Trade Time Trade Type Trade Size Trade Price Currency
16:05:04 O 162,521 6.15 GBX

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Date Time Title Posts
01/7/202217:31Cora Gold - high grade explorer to near term producer1,088
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
2022-07-01 15:05:066.15162,5219,995.04O
2022-07-01 15:00:526.0067,4174,045.02O
2022-07-01 12:52:216.0039623.77O
2022-07-01 11:42:576.0020,0001,200.00O
2022-07-01 08:01:516.0025,0001,500.00O
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Cora Gold (CORA) Top Chat Posts

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 6.10p.
Cora Gold Limited has a 4 week average price of 6p and a 12 week average price of 6p.
The 1 year high share price is 19.50p while the 1 year low share price is currently 6p.
There are currently 289,557,159 shares in issue and the average daily traded volume is 130,373 shares. The market capitalisation of Cora Gold Limited is £17,662,986.70.
plat hunter: You've filtered me just in time for the mass dilution event you've been so defiantly denying for the last 12 months as the share price tanked 60%How convenient ha ha ha ha ha
q2g: As I've filtered this Prat, I don't know what he's saying, but so far he's been obsessed by a company he has seen fit to continually criticise. Maybe he's worried that they'll make a success of mining there which his beloved HUM seems incapable of doing so far. No doubt CORA will be learning a lot from HUM's travails, which I hope they can overcome with bad results now out of the way. Maybe CORA has the 'Mali' disease, but instability has been in existence there since the year dot, and much bigger companies than HUM/CORA, haven't seen fit to quit the country. Virtually all small miners are down just now, sharing the same sentiment as small companies in other sectors. It needs patience to see them come good again, but things like the invasion of Ukraine is against an improvement for the moment. IMO.
meanreverter: Cora has the kind of deposit that will happily become a profitable dividend-paying mine. Of course, the present share price reflects a downside: namely, the country in which the project is situated. What the shares are worth is mostly about the risk you attach to that.
sipptrader88: Me Too....I have a Major Stake in CORA! (my third largest holding out of my portfolio of forty + shares/investments)......and when in production you can guarantee exploration will carry on.......and IMO.......that's when you will really see the share price perform......remember open in all directions and depth......what lies beneath...!! I appreciate that many are on the sidelines...for all the reasons discussed....but it could go the other way...and I just wouldn't want to be out of CORA presently for this reason......if the share price tanks on "Capital Raise" I'll average down.....simples! GLA
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.
q2g: Then at least tell me the basis of your belief that the share price would go as low as it has done. If it was just a hunch, then the gods were with you at the time, but that in itself is not any form of science. If you can convince me, then I'd take your future share price forecast seriously.
oapknob1: 02 March 2022Cora Gold Limited / EPIC: CORA.L / Market: AIM / Sector: Mining2 March 2022Cora Gold Limited ('Cora', 'Cora Gold' or 'the Company')New Surface Gold Discovery at Sanankoro & Exploration UpdateCora Gold Limited, the West African focused gold company, is pleased to provide an update on exploration activity at its portfolio of gold assets in southern Mali.HIGHLIGHTS-- New surface gold discovery at the Company's flagship Sanankoro Gold Project ('Sanankoro' or the 'Project') in southern Mali, in previously unexplored areas 7km from the Zone A deposito Gold assay results from selected rock samples returned up to 0.85 g/t gold ('Au')o Gold grain counts from channel samples in the Bokoro II permit returned up to 75 visible gold ('VG') grains-- Ground exploration work including termite, rock and channel sampling has been undertaken in unexplored areas of the Bokoro II and Bokoro Est permits at the Project
oapknob1: You're inferring you don't want to buy at these prices but will happily pay a different price. Do you really think the share price will go lower than 10.5p ?I'm in for the MRE as I think the share price will rise when the news comes out. IMO I think there is a profit to be made from here. Whether I sell again and take the profit (you don't want to be too greedy) and buy back later remains to be seen. It may spike on MRE, similar to previous share price movements, it may not.I've traded this previously (and posted I've sold) and increased my holding each time so at this stage of the CORA story IMO there are trading opportunities, until as you point out the funding is triggered. My view is the share price will be higher than now so why not try and take advantage. If you can't beat em join em
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.
smudge104: 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%.
Cora Gold share price data is direct from the London Stock Exchange
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