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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% 4.30 117 08:00:04
Bid Price Offer Price High Price Low Price Open Price
4.20 4.40 4.30 4.20 4.30
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -1.30 -0.56 12
Last Trade Time Trade Type Trade Size Trade Price Currency
11:32:17 O 117 4.20 GBX

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Date Time Title Posts
23/12/202214:04Cora Gold - high grade explorer to near term producer1,154
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
11:32:184.201174.91O
2023-02-02 14:12:174.2570529.96O
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Cora Gold (CORA) Top Chat Posts

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Posted at 03/2/2023 08:20 by 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 4.30p.
Cora Gold Limited has a 4 week average price of 4.15p and a 12 week average price of 3.55p.
The 1 year high share price is 8.65p while the 1 year low share price is currently 3.55p.
There are currently 289,557,159 shares in issue and the average daily traded volume is 117,795 shares. The market capitalisation of Cora Gold Limited is £12,450,957.84.
Posted at 23/12/2022 12:01 by sipptrader88
I wouldn't imagine someone would just wake up today and say:-

" you know what...I think I'll just go and buy 1.7m CORA at a cost of £73k" and pay 4.3p when the price was below 4p for less?

.....that is, unless he/she/it had been told someit? and I guess some others have found out too? But I don't know anything!

GLA

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 13/12/2022 17:09 by corrientes1
I see you still haven't come to terms with HUM's absolutely dreadful performance,
even worse than that of CORA.

FYI virtually all these explorers have been very badly hit in this environment, but we'll see who has the last laugh in this particular contest. There's every likelihood that you will end up with 0p for your holding in HUM, but CORA will at least not go into liquidation.

Being a naturally arrogant individual, you can only get thrills from rubbishing anybody else who dares criticise your opinions.

Posted at 21/11/2022 07:13 by theimpatientone
Cora Gold Limited, the West African focused gold company, is pleased to announce Optimised Project Economics following the announcement of Maiden Reserves and completion of a Definitive Feasibility Study ('DFS') for its flagship Sanankoro Gold Project ('Sanankoro' or the 'Project') in southern Mali (see announcement dated 21 November 2022).

Highlights

-- Optimised Project Economics (post tax, based on a gold price of US$1,750/oz) and Maiden Probable Reserve of 422koz @ 1.3 g/t Au:

-- 52.3% internal rate of return ('IRR')
-- 1.2 year payback period
-- US$71.8m first full year free cash flow ('FCF')
-- US$234m FCF over life of mine ('LOM')
-- US$997/oz all-in sustaining costs ('AISC')
-- 6.8 years Reserve mine life
-- 56,000oz pa average production
-- US$90m pre-production capital (including mining pre-production & contingencies)
-- The optimisations to the DFS were focused on capital expenditure savings which have delivered improved Project economics

-- Solar hybrid power option incorporated into the plant design, delivering savings in both operating costs and carbon emissions.

-- 121koz of pit optimised Inferred Resources, using the same parameters as Reserves, offer potential for an additional 2.5 years of mine life and US$76m additional FCF (based on a gold price of US$1,750/oz). Further infill drilling should, in time, enable the conversion of these Resources to Reserves.

-- Significant potential upside from Exploration Target estimated to contain between 26.0 Mt and 35.2 Mt with a grade range of 0.58 - 1.21 g/t Au for a potential 1,370koz Au.

-- Lionhead Capital Advisors Proprietary Limited ('Lionhead') has confirmed continued support for the Project and is in discussions around a term sheet for up to US$30m.

Bert Monro, Chief Executive Officer of Cora, commented, " The Optimised Project Economics, worked on concurrently with the completion of the DFS, have delivered a project with 52% IRR, 1.2 year payback and with US$234m of free cash flows being generated over the Reserve mine life.

"Sanankoro benefits from a low strip ratio mine plan focused on oxide ore which helps deliver a low technical risk project. The Company also has considerable further upside potential with pit optimised Resources, using the same parameters as the Reserves, adding 2.5 years to the existing 6.8 year Reserve mine life and US$76m free cash flows. In addition, as recently announced, Sanankoro has an Exploration Target that shows the potential for up to an additional 1,370koz Au within 8km of existing pits, offering significant future growth.

"Investment firm Lionhead has confirmed to the Company its continued support to fund the future development of Sanankoro. The Company and Lionhead are in constructive discussions in respect of the arrangement for a funding package of up to US$30 million. Furthermore, we have started discussions with a number of potential lenders to support the Lionhead term sheet to fully fund the Project. The Company anticipates providing further updates on these fundings in due course."

Posted at 21/11/2022 07:10 by theimpatientone
Cora Gold Limited, the West African focused gold company, is pleased to announce Maiden Reserves and the results of a Definitive Feasibility Study ('DFS') for its flagship Sanankoro Gold Project ('Sanankoro' or the 'Project') in southern Mali.

Highlights

-- Maiden Probable Reserves based on a gold price of US$1,650/oz are as follows:

Tonnes Grade Contained Recovered
('000s) (g/t Au Au
Au) (koz) (koz)
Total Ore 10,094 1.30 422 380
-------- ----- --------- ---------
Total Waste 46,564
-------- ===== ========= =========
Strip ratio (Waste
: Ore) 4.61
-------- ===== ========= =========

-- DFS economics (post tax, based on a gold price of US$1,750/oz)
-- 37.4% internal rate of return ('IRR')
-- 1.5 year payback period
-- US$228m free cash flow ('FCF') over life of mine ('LOM')
-- US$1,033/oz all-in sustaining costs ('AISC')
-- 6.8 years Reserve mine life
-- 56,000oz pa average production
-- US$108m pre-production capital (including mining pre-production & contingencies)
-- Detailed metallurgical test work confirmed LOM gold recovery of 90.1% through a conventional 1.5 Mtpa Carbon in Leach ('CIL') processing plant.

-- Solar hybrid power option incorporated into the plant design, delivering savings in both operating costs and carbon emissions.

Bert Monro, Chief Executive Officer of Cora, commented, "The Company is pleased to be releasing its Maiden Reserves and DFS on the Sanankoro Gold Project, focused on open pit oxide mining through a traditional gravity and CIL processing plant. The benefit of low strip ratio oxides is seen both in the mining and processing costs, and this has helped deliver a very robust project economically with low technical risk. We are confident that with additional drilling we can significantly add to Sanankoro's reserve mine life through both existing resource conversion and drilling the recently updated exploration target.

"Concurrent with completing the DFS, the Company has been working on a number of additional optimisations with other independent technical consultants. The results of the optimisation work will be published shortly.

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.

Highlights

-- 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 07/5/2022 11:43 by 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

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 09/11/2021 23:33 by 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
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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