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A few large sells this morning, potentially someone knows something we dont or just got the jitters as it does not make sense to sell now?
They usually release them in batches but like Candlestick states, they could all be released as one. If not, we'd definitely hear the results targeting the exiting zones. The areas which need upgrading from inferred to indicated, the sooner the better. Whether these results can still be introduced into the DFS? who knows, that could be going on as we speak.
The company will be targeting additional zones to grow the 800,000, towards 1 Moz, there's not really a priority rush to get these through.
Agreed LW, a big 2 months ahead, two months which should outline to the market the Scope of Sanankoro and all of its future potential, and timescales. At this stage I'm definitely in the category "I'd rather be in than out", with all of this news due But i can't give any guarantees on price action and may have an opportunity to top up in the 6p range. But all of that awaits
I would say it’s nailed on for us to get drilling results before the DFS. They should be imminent and this week wouldn’t be a surprise.
The later it runs, the more I’m thinking the whole 7500m will be released in one go - the first interim last year was for 7500m, so it could make sense to do the same. I’d prefer good news to be announced gradually though.
Where the sp will end up by the DFS, who knows! Hoping higher but there’s been a real drag on the price over the past couple of weeks.
Important two months coming up here. The DFS will be out during this period and will set the price for the Term Sheet fundraise. At the moment, the 30VWAP is showing up at 7.3p, which gives a placing price of 6.5p.
I think a lot depends on which newsflow will come first here. If its drilling result, then the share price could rise, before the DFS is issued, which would give a higher 30VWAP and hence higher placing price.
But what do people think will happen if the DFS is issued first?
Now in May - first drill results definitely this month.
but there is tons of volume
there has been 4 trades today!
:-)
More like volume, it's virtually none existent. this is all i need reminding about, with results due any time now. This has 2Moz+ long term written all over it
Selin
32m@8.73g/t incl 4m@53g/t
49m@15g/t incl 8m@89g/t
56m@3.54g/t incl 21m@8g/t
54m@2g/t
12m@6g/t incl 5m@14g/t
46m@4g/t (Hole ended in Mineralisation)
19m@4g/t incl 7m@8g/t
52m@2.14g/t incl 1m@41g/t
17m@5g/t
32m@6.9g/t
66m@1.58g/t
103m@2g/t
Zone A
27m@2.43g/t
36 @2.40g/t
13m 1.84g/t
17.5m@2.70g/t
19m @ 31.56 g/t Au from 65m
21m@5.75g/t
17m@2.44g/t
19m@2.07g/t
10m@5g/t
37m@2.3g/t
59m@1.2g/t
2m@34g/t
Zone B
31m@1.39g/t
8m @ 19.11 g/t
32m@4.43 g/t
28m@2.85 g/t
13m@3.03 g/t
25m@1.35 g/t
21m @ 3.13 g/t
24m @1.8 g/t including 8m@3.53 g/t
22m @1.48 g/t including 1m@11.67g/t
25m @1.13 g/t
2m@146g/t
23m@1.88g/t
73m@2g/t
22m@3g/t
Zone C
14m@8.54g/t
7m @12.17g/t
24m@2.32g/t
30m@1.68g/t
Mali.
Just when you think the SP has stabilised the gains made over the past two weeks are again depleting. Lets hope we get a boost from some survey results soon, this share deserves a raise.
Wondering if its the general market or something else which is now destabilising the SP here, any ideas anyone?
it's just the news gap
Mali is supporting gold mining
drill results
DFS
all will add support to the SP
What do you think this will do to Precious Metals/Base metals (Copper/Zinc/Lead etc and other commodity Stocks and Shares.........From Alasdair Macleod's essay a couple of days ago...."And lastly, the Eurasia Economic Union, which combines Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan, has proposed a new currency in conjunction with China.
Details are sketchy, but we have been told that the new currency will combine the national currencies of the nations involved and twenty exchange-traded commodities. It sounds like it will be a statist version of earlier gold standards, with perhaps 40-50% commodity backing, presumably to be fixed against national currencies daily. Like the SDR, it will be supplemental to national currencies, but used for cross-border trade settlement. The involvement of both China and Russia suggests that it might be adopted more widely by the Shanghai Cooperation Organisation, representing 40% of the world’s population and freeing them from the dollar’s hegemony." Shanghai Cooperation Organisation brings in India.....
..........think I'll hold my Cora shares regardless of any temporary volatility.....due to FED Quantatative Tightening (too much)...!
BSB
Geopolitics is the main drag on the sp and the upcoming funding.
AG - if the results are Stella then like last time the SP could maybe even rocket beyond 10p :)
Fingers crossed and GLA
Good to see a nice rebound from the 6p zone and holding nicely. Pending we see good results, I can see 10p in the near future and who knows beyond then
Just seeing results elsewhere in this sector recently and knowing the project Cora is lay on, it’s really filled me with more confidence.
DFS too H1 hopefully
Time scales last year were :
1st March - Drill Programme at Sanankoro
22nd April - First drill Results from 2021 Sanankoro
5th May - Further drill Results from 2021 Sanankoro
Then further results - 24/05, 07/06, 16/06, 07/07, 04/08
So based on start date of 16th March 2022 - we could get results as soon as 1st May 2022, with further results following approximately every two weeks.
next few months should hopefully pass some big milestones for this company, then we can truly get to the business of mining and selling gold.. and making money on our investment
It's all gone quite, but the share has stabilised at least.
As you say Monkey wondering if a batch of results are immenaent.
First set of drilling results should be imminent based on last year's drilling schedule, that commenced in March also. Last time accounted for 800m of drilling. Hopefully a positive indicator of what's to follow. Guessing FY results will be similar as previous years also around mid May.
Can only get better and better as it progresses.
Fingers crossed its onwards and upwards from here!
I think it's important to get all aspects of investing right. I know it sounds a bit panglossian but getting the top level right - allocation, the middling level - diversification and the bottom level - individual stock selection maximises your chances of turning a profit.
For example I briefly looked over ECR which was mentioned below. It seems they have been scratching around for ages in the Aussie desert without anything to show for it. It just seems to be one empty litany of promises with drills results that are frankly pathetic.
Sure Australia is safe and Mali is not but if the choice is between a certain but safe failure and an uncertain but possible success I know which one I'd choose.
Thanks Chirpy
Absolutely
Another £10k for me, profits from HUM.
Prefer HUM but needed to spread risk.
As the podcast asset allocation is usually more important than stock selection.
Especially important for people like me who know Jack
So makes sense to have different eggs in different baskets
having a sensible, level-headed chat group is such a pleasure. we're all in this together and all believe in the company and it's evolution.
gold price going up coincides well with the next phase of this company's development. great upside from here.
have a great easter all.
Thanks Chirpy - confirmed much of what I'm thinking. Let's hope it's a case of great minds think alike rather than fools seldom differ!
PS I also hold CNR for my sins!