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You might be able to swap in and out of stocks free of commission but you are not free of bid/offer. Unless you know what your doing and then have a big slice of lady luck the House always wins on these transactional type activities. You are right, the only way reliably to make a profit is to do your research, stay patient stay invested but always ready to bail if your understanding of the company and its activities turns out to be wrong on the downside.
It’s a mystery but something I’ve learnt to accept on the AIM exploration sector. GGP as a prime example. It’s gains were made in the “growth” of Havieron, sensational gains. And as they’ve continued to develop Havieron and get it one step closer to production and cash flow, the interest dies off.
It’s strange with apps like Freetrade and trading212, investors can jump from share to share in a click of a button , commission free.
Lots of room left for this to run. I loaded up down at 7/8p knowing what was to come. Very quiet at the minute but primed to run again I think. Last set of results, could possibly come out this week right before a Resource upgrade which will be more than double its current inferred.
The quality will come out here and in the not too distant future Cora will have the necessary cash flow to carry on expanding Sanankoro and its other highly rated licenses.
Exactly this. And good for Bert, in his interviews and RNS’ he hasn’t come out and plucked a Resource Estimate out of fresh air. We’re on the same wave length Iain and any numbers in those realms will be a very welcome read to the market and any investors waiting on the sidelines.
GGP was a great example LW. All kinds of numbers touted for that but it’s a much more long and lengthy process. Expectations remain grounded and still extremely pleased with my investment here. Near term share price will fluctuate but I’m aiming for many multiples of the current market cap, it’s certainly achievable.
Once you have the Gold, 70-80% of your problems are solved when investing. And by that, I mean strong mineable resources with long widths, high grade pockets and shallow zones. The last 20-30% is all about having the right BOD in place to fund the project and take it forward to the next level. We certainly have that.
There are numerous companies on the AIM run like clockwork. The board say the right things and promise the world, but if you don’t have the geology, you can only flog them so far.
You only have to look at GGP to see what (harm) having overinflated expectations around such matters can have. I think we have hired a different set of consultants to do this updated MRE for us? If so, that's also maybe intriguing as well?
I agree with all you write AG. I guess what I am saying is that some Cora punters need to understand the difference between indicated and inferred and also that a mineral resource estimate is far from either, especially when comparing with other projects. Hopeful of 700koz indicated. If there is a further 3-400koz inferred then brilliant. If the mineral resource estimate goes to 2-3moz also excellent. But I fear some punters are expecting 1-1.5moz indicated and I think they will be disappointed. All that said, this is bubbling up nicely!
Iain, the Research note gave an upgrade to 700,000 oz where they described 400,000 being in the bank (indicated) and the remaining 300,000 being inferred
Doesn’t necessarily mean that’s going to be correct but they obviously know their stuff. It’s very clear it’s going to be a lot bigger than 265,000 and eventually it looks like a Moz deposit. A chunk of this drilling has targeted deeper areas like I posted in my original post which I think will need further drilling to prove up. But all in all I think 700,000-800,000 would be sensational. 150% increase would broad scope to open it up beyond that. Would I be surprised to see 1moz on the upgrade? Not really the campaign has delivered at every turn. I’ve just seen of posters on Twitter expecting Havieron style numbers and 2-3Moz.
The resource upgrade will compliment the feasibility study. Which Bert has already described, they want to fast track production targeting the high grade shallow zones to generate fast cash flow for the company, no further dilution beyond the term sheet. Then they have expand from here
I am concerned that some on here have unrealistic expectations of the incoming resource update. Daniel is right, the upgrade will be INDICATED not inferred (as was the original 265koz ) and anything over 450koz satisfies the requirements of the Term Sheet and allows us, subject to the DFS and the banks, to proceed with building a mine. I personally hope for as much as 700koz indicated but who knows. I would also like to see a mineral resource estimate upgrade as we should have demonstrated a shed load more paydirt than the original which was based on 25% of the 40km of known mineralised zone and also was restricted to within 100m of the surface.
other positives include the DFS for Sanankoro end of 2021 (1 year sooner than GGP at Hav.) and mine construction next year. Await Indicated (rather than the current inferred) MRE in next couple of months for real gains if significantly higher. GLA
Considering this is just around the corner, it’s very quiet here. I’d just like to show my appreciation to the company.
40,000m+ within 6 months is fantastic work. 12 sets of results which not only matched the previous drilling campaign, but in a lot of areas, vastly improved on it. The Broker note recently has a Resource increase up to 700,000 oz for October. Anything like this, and above, is sensational. Over 100% increase but it’s become abruptly clear, Sanankoro eventually will be a 1Moz+ deposit. I have no doubts about that.
The best thing you can have for from your exploration company is that they have a shallow (from surface) deposit, rich in high grade pockets and long mineable intersections. That’s a huuuuuge tick for Cora Gold. Couldn’t have asked for much better from a junior mining shareholders standpoint. The added bonus, does the deposit continue at depth? Are the grades consistent and is there potential to chase it on, or just explore a new, narrower Zone.
376 holes drilled in the 2021 campaign. An average depth (between the RC & DD), 114m. Not very surprising considering the Gold starts at surface. But from the limited drilling beyond that marker, look at some of these grades
email@example.com/t from 132m firstname.lastname@example.org/t from 146m 7m@4g/t from 138m email@example.com/t from 134m firstname.lastname@example.org/t from 144m email@example.com/t from 196m firstname.lastname@example.org/t from 191m email@example.com/t from 213m firstname.lastname@example.org/t from 135m 2m@146g/t from 160m 49m@15g/t from 99m
Strong consistency and whatever the outcome there’s plenty of room to grow this deposit into a multi million Oz Company maker. Would love them in Q1 to stock for real deep 10 X 300m holes into Sanankoro and try to understand the scale of it. But it’s the initial mineralisation from surface the company will rightfully be focussing on to extract for fast payback.
Plenty to look forward to. Don’t let these quiet periods spook you. She’s about to run again