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Started: Stocktow, Today 12:44
Last post: Stocktow, Today 12:44
Does anyone here have a view as to what exactly is going on with this share?
I understand they await a mining permit and the Mali Government changes etc but this stock just continues to fall even after the positive news about the Senegal drill surveys. Like a lot of you here (whom im sure heavily invested and drowning here on the current SP as the same as me) it would be helpful if Bert could give us the BoD views as to when permits will be submitted to the government and any further news on the other areas of exploration?
I think i posted last sometime in March saying why does the stock continue to tumble and at this rate in 6 months time there wont be a business left should we continue to dwindle below the 1p mark!?
Really? I think you're talking tosh!!
https://www.ecofinagency.com/mining/0606-45593-mali-b2gold-pays-goverment-300m-from-2023-operations
First let me declare that I have held shares in Cora for some years and my holding is now fairly insignificant having been decimated by the military takeover in Mali. The warning is for prospective investors. It is my view, fwiw, that the Russians will control the resources in Mali going forward and even the likes of Barrick will lose control of their investment in the Country. I don't believe Cora can therefore mine there or make money there. If they can succeed, against all the odds, then great because my holding might just be worth something. Russia is a big player in Mali and supports the Junta who appear happy to get rich from the gold refinery being built there to exploit their vast resources.
Started: tony_currie, 20 May 2024 12:05
Last post: tony_currie, 20 May 2024 12:05
Looks like we are progressing in Senegal while we wait for the Mali license to be granted. At least this opens another potential revenue source, with Senegal mining licenses still available.
"Looking ahead, we look forward to providing further updates on progress at Sanankoro, including submission of the application for a mining permit once the moratorium on issuing permits is lifted. We also look forward to sharing updates on wider exploration activities across our permits, including the reconnaissance drill programme at Madina Foulbé in east Senegal announced on 08 April 2024.
"Finally, I'd like to thank both Cora's shareholders and stakeholders for their continued strong support and patience throughout 2023."
Started: Browns99, 15 May 2024 09:02
Last post: Browns99, 15 May 2024 09:02
Drilling results and end of year results all by the end of the month. Hopefully positive updates approaching.
Last post: Paris1981, 15 May 2024 07:49
Good updates on X recently, credit were credits due 👍
Started: SHAREBUYER, 15 Apr 2024 09:48
Last post: SHAREBUYER, 15 Apr 2024 09:48
The buy was mine as I average down again on buy in price.
Started: SHAREBUYER, 8 Apr 2024 11:11
Last post: Browns99, 9 Apr 2024 11:27
Only 452 million shares in circulation. No dilution until Mali lifts the suspension on mining permits and the financing is put in place for the mine construction. So Senegal news will be the SP driver over the coming months.
Trouble is there's huge dilution to come as funding is mostly equity based.
Ideally this will bounce back on further good news.
Last post: Discodog, 8 Apr 2024 11:11
Have a look at #MIRI after seeing that mega news this morning.
Go and check #MIRI RNS. After all, we're here to make money.
Started: Mister.E, 8 Apr 2024 07:14
Last post: Mister.E, 8 Apr 2024 07:14
Started: Browns99, 7 Mar 2024 12:19
Last post: Stocktow, 21 Mar 2024 12:47
Fingers Crossed Brown99, heres hoping it comes sooner rather than later.
As soon as the mining permit suspension is lifted in Mali we should see a dramatic re-rating.
1) Mining Permit Granted (Back to 3-4p)
2) Finance to develop the project completed (4-6p)
3) Start of Mine Construction (6-8p)
Thanks Browns99, helpful to know yet does not stop the worry regards the continued depletion of the share.
I guess all you can say is tighten your belts and sit in for the long bumpy ride to a mining permit!
Stocktow
I have received a reply from Bert today . I asked why the directors weren't buying any shares. His reply was "3 Cora directors picked up more shares in the CLN conversion recently"
As id mentioned, im really concerned, i think this is something like a +20% drop in about month?
Hence my point raising if Directors/Owners believe in this company so much then why are they not "filling their boots" at this point in time??
Started: Browns99, 20 Mar 2024 17:50
Last post: Stocktow, 21 Mar 2024 12:45
HI Brown99, no that was not my buy, ive already heavily invested here, i may dip the big toe back in once more fortunate RNS is issued
Was that your buy Stocktow??
Started: Stocktow, 20 Mar 2024 15:01
Last post: Stocktow, 20 Mar 2024 15:01
A 600,000 share buy today and the SP does not move?
Started: Stocktow, 11 Mar 2024 15:40
Last post: Stocktow, 11 Mar 2024 15:40
Coming up as sells but I know there is a buy in their as someone i know told me they bought in today, anyone know why its showing as a negative rather than a positive?
Are we still trading
Started: SHAREBUYER, 23 Jan 2024 08:33
Last post: Browns99, 23 Jan 2024 10:46
Both countries are doing well in the African nations cup. LOL
Bought some to round up my holding and lower the average price slightly. Hoping this returns to higher prices one day.
Started: straightntrue, 28 Dec 2023 15:20
Last post: bankrupty, 11 Jan 2024 21:27
Yep for now! Russ gaining the favours!
Share Price: 2.15Bid: 2.10Ask: 2.20Change: 0.10 (4.55%)
Spread: 0.10 (4.762%)Open: 2.20High: 2.20Low: 2.15Prev. Close: 2.20
IT is busy trying to destroy the price again
Started: SDM1965, 23 Nov 2023 09:32
Last post: SDM1965, 23 Nov 2023 09:32
Started: Paris1981, 4 Oct 2023 23:40
Last post: 99treble, 20 Oct 2023 07:50
What happens if they increase the staff,same applies, what gives.
Pure conjecture.
Harry personally regardless of the cutting of staff (if that happened) looking at where we are im already majorly concerned about my investment here and sitting at a major loss as all this share has done nothing but decline since i bought in.
I fear is the Mali government dont issue permits to dig Cora and other mining companies in the same position could be in real trouble.
If they start cutting down on staff how bad is it? Is there anything to worry about?
At some point permit suspension will be lifted and things will start to take off. I just wish it's very soon 🤞
Same here Paris, let's just hope it doesn't get worse!
Started: tony_currie, 25 Sep 2023 10:05
Last post: Stocktow, 28 Sep 2023 09:05
Looks like a lot of us will be hanging on in here due to the losses incurred , the Mail Government and political unrest causing carnage with the SP here for a long time. Im also surprised with the RNS, whilst very positive I cant see any other way other than just to hang on in here until government offical's finally sort this whole mess out, who knows this could end up still years away at the rate it has been going!
You'd think. However the govt of Mali are taking far too long with this. I'm waiting until I see proof positive they have a production license!
Well funded - just waiting for Mali to lift the licensing application pause.
This share will then rocket.
Started: Stocktow, 8 Sep 2023 19:07
Last post: Browns99, 13 Sep 2023 23:01
Rule of thumb always do the opposite when someone on these platforms tries to give investment guidance. 9 out of 10 times you've made the right decision.
Does not sound good then for us whom have already invested. Unfortunately I bought in at the wrong time and will just have to sit and wait for them to finally get permit to dig for a mine.
Cora Gold Limited, the West African focused gold company, is pleased to announce that, further to the announcement of 06 February 2023, it has conditionally raised US$19.843 million, comprising both equity (the 'Equity Financing') and convertible loan notes (the 'Convertible Financing') (together the 'Fundraising'), subject only to the passing of the resolutions to be proposed at a General Meeting of the shareholders of the Company on 28 February 2023.
The funds raised will be primarily used to commence development of the Company's flagship Sanankoro Gold Project (the 'Project') in southern Mali following the reported Optimised Project Economics (announcement dated 21 November 2022), which highlighted strong economic fundamentals.
Binding commitments have been received for aggregate investments of US$19,843,169.26 pursuant to the Fundraising comprising commitments to subscribe for:
-- 80,660,559 ordinary shares of no par value in the Company ('Ordinary Shares') at a price of US$0.0487 per share for total gross proceeds of US$3,928,169.26 in respect of the Equity Financing; and
-- convertible loan notes ('CLN') convertible into Ordinary Shares for a total of US$15,915,000 in respect of the Convertible Financing,
There's going to be rather a lot of dilution. Hence nobody buying. IMO.
Paris - Tony
Thank you for your responses very much apricated along with no one can make the decision but yourself however the worrying factor i had the other day is if its such a bargain why are there people selling and no one really purchasing.
Whilst i appreciate the sentiment on point of issue regarding the Mali government i was just starting to get conscious why isnt anyone buying in at this level.
Stocktow - worth reading the latest from Bert - he is now more confident the licensing will happen.
Bert Monro, Chief Executive Officer of Cora, commented, "Following the recent promulgation of a new Mining Code in Mali, we look forward to the government's lifting of its moratorium on issuing new mining permits such that we may, in due course, progress application for a mining permit over Cora's flagship Sanankoro Gold Project. In addition, we look forward to providing progress updates on the funding of the Sanankoro Gold Project following the appointment of 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 the project (see RNS dated 28 June 2023)."
Started: Horult, 9 Aug 2023 08:21
Last post: tony_currie, 24 Aug 2023 16:20
Also helps foreign owned African mining companies now Prigozhin is out of the way!
You would think they can't be far off giving out new licenses again now. The purpose of the close was to mull over structure and ways they (government) could increase income from mining ventures.
The new policies allowing the country to purchase up to 35% of a company have been approved by the wider government and so, surely the doors must open again soon.
Cora was a tad unlucky with the timing tbh.
Https://www.reuters.com/world/africa/mali-adopts-new-mining-code-boost-sectors-contribution-gdp-mines-ministry-2023-08-08/?taid=64d2a82fc01d0e0001ac3bf9&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter
now new mining code is in place, maybe just maybe they will start issuing new licences soon....🤞
Started: Cnutgoestheeasal, 13 Jul 2023 10:22
Last post: Cnutgoestheeasal, 13 Jul 2023 10:22
He was briefly at Hummingbird in the same role before disappearing. Not sure why though...
Last post: Cnutgoestheeasal, 11 Jul 2023 11:03
Still need the license though....
Things moving forward finally
👍, credit we're credit's due.
Started: tony_currie, 28 Jun 2023 08:03
Last post: AG1989, 28 Jun 2023 08:06
Just Read on Twitter tony, very good news
Excellent news on funding (just one more investor required to start). Payback is just one year and based on Gold price of $1750 (current price $1,934).
Started: HarryA123, 14 Apr 2023 15:47
Last post: HarryA123, 9 Jun 2023 15:56
I heard Cora gave up their other permits, is this true? It it is, they are down sizing and only concentrating on Sanakoro which means they have no money I would think. Big mistake.
Is there even a hint of a sniff of a random guess as to when gov may start issuing license again?
Cora had been looking good to me till they canned the licenses and I hate being 60% underwater for so long 🤣
I assume someone wanted the share price cheap which is why it went down a lot. As for the lic, everyone is affected no only cora. the gov has put a hold on renewing and granting licences until they sort out their internal gov problems. they will resume soon. My only concern is will cora have enough money to take them to production. They may need to borrow a few millions more.
Stocktow, thanks for the name of the trading platform.
For F**k sake you can buy Cora shares anywhere, the point is no ones buying any at the moment, that's why I'm ****ed off, its been on a free fall for the last 12 months or so because some well paid geezer at Cora forgot to apply for the permit/ licence.
I'll fin join there admin team an sort it out
Get a move on Cora
Ffs
I bought mine on Hargreaves Lamsdown