Member Info for AG1989

ECR feels like one big merry go round. Blue moon is the target we all wanted to return to but for licensing and permitting issues, it’s not possible so I’m happy they’ve actually drilled elsewhere rather than nothing. That said, it would be nice about an update with the whole blue moon situation

I’m mainly in this for Creswick. They have plans with HR3 and really hope they come good, but near to mid term, I’m pinning a lot on further drilling at Creswick and a JV being signed.

I’ve reduced my holding here, as well as a few others and put it all into CORA. In terms of exploration and delivering high grade, it’s the best junior on the market.
That doesn’t mean I can’t be invested elsewhere and holding ecr in my sipp, I’m hoping it comes good. The lack of traffic on this message board speaks volume for me. Everything seems to have been said to death and it’s only results which will send this further up, and good results. 1m@9g/t is an excellent grade but on its own isn’t enough. Bring on Holes 2-8. Give us something to cheer about.

I’ve mentioned several times, with the pace of activity, it’s going to take time to prove up resources here, but I have all the time in the world. I think by the time they’ve been approved for phase 2 drilling at HR3, drilled and recieved assays on “the anticline”, your looking at Q4 and beyond. I’d like to see progress made elsewhere before that time comes.

Have a good weekend everyone.

Very encouraging interview

Just took another 891,000

It's these quiet periods i take a breathe, sit back and evaluate what's going on.

From my personal standpoint, i find it crazy it only has an £8m Market cap. I found the results from Bibemi extremely pleasing. 28 holes over such a large land package and to find the grades we did, extremely pleasing. The follow up drilling will be more targeted in the hotspots

Also, a nice little update on their twitter has just appeared, talking about the Senala JV deal. Very promising and a project going way under the radar. It'll all tie in with IAMGOLDS plan in the area. I'm encouraged moving forward.

DYOR

That’s what I’m thinking. They had definitely started drilling beyond Hole 5, so either they’ve returned to go deeper or it’s a typo.

But the tweet has a photo of a full set of core trays ready to transport back to Bendigo for logging.

Can any clarify for me? Todays tweet says the drilling contractors are working on CSD005, but wasn't there any update last week saying they're on number 7?

I think there’s plenty going on elsewhere Donold which is equally as exciting, and maybe a better opportunity.
Doesn’t stop them being invested here. There’s only so much you can discuss in certain stocks before needing another RNS. The company are clearly busy in the field, just a matter of waiting for assays :)

Ouzo, appreciate it
10% down today, maybe an opportunity but who knows. With profit taking and technical, there'll more than likely always be better times to enter here, or top up. So i can't advise on top ups etc, just the growth of the company moving forward

It's strange because when you have price targets of 50p+, what's 1p here or there. But the last thing anybody wants is to throw £5-£10k at this, and tomorrow your 15% down. I do as much research as possible and always make my trades in the quiet periods, knowing you have the confidence of success moving forward. I've chased multiple shares on the rise in various companies, and its very easy to get carried away and RAMP it to death, and you get spiked.

I'll back up what I said previously though, i think this really is a unique opportunity. When you get blockbuster results like this, you'll get a healthy rise. But then the RNS rise, is followed with an update that further drilling will commence in the near future (4-6 weeks), then its a month or two for drilling and the same to get assays back. Investors get bored and move their money about elsewhere. Here though, with 24,000m completed and only around 10-11,000 reported, the assays for the next 5-6 RNS reports, the drilling has already been completed and analysis is well underway. PRESSURE PRESSURE PRESSURE. This wont stop delivering which will all lead up to a huge resource upgrade of 100-200%, maybe more. No waiting about here for the next drilling campaign to be completed in the "foreseeable future", Cora is well ahead of the game

I never like to cross ramp or deramp other companies. It's petty and counter productive for me. But let's take ORR OMI ECR. 3 companies I'm invested into and very bullish about, Long term holds. But lets look at their recent drilling campaigns
OMI - 10,000m (Anza)
ECR - 3,000m? (creswick and Bailleston)
ORR - 3,000 (Bibemi + current senala drilling)

16,000-18,000m combined. They're not deeper deposits but none of them start at surface like Sanankoro. When you consider Cora have completed 24,000m with an aim of 35,000m by the end of July, that's breathtaking. Don't let the 10% loss days here dishearten your investment, this has a very bright future. DYOR

Yeah. To think since the 22nd April they have released 5 sets of assays, and those only equate to 10,000-11,000m of the 35,000

The company are clearly encouraged. 19m@31g/t, and even though they have 24 holes to report from that zone, they’re returning there for immediate exploration.
Also, the DD at Selin could be game changing. If they find continuous high grade Gold beyond 100m, going on towards 200m, it really blows this open. I’d be surprised if we never received another batch within 2-3 weeks. It’ll come thick and fast.

You can talk about jurisdiction, the timescale on the assays to be returned and reported is remarkable.

I’m in both too. My largest holding is Antipa and then Cora Gold.
Orosur have a free carry on an exceptional project. Apta really just wet the appetite for what’s to come. I’m holding and will continue to do so. But I think some wanted to trade it. By the sounds of it, there won’t (yet) be a resource upgrade for Apta.
There are 4 holes still to report, but exploration should be getting moved on. With no drilling campaign announced yet for elsewhere and one or two ifs and buts over year 4 of the JV, I think it explains the sell off. Which is a shame but it may continue. I hope it doesn’t because it has ridiculous potential.

That said, I’d top up here. Whether you wait a few days for a better price, I couldn’t advise that. All I know, with 24 holes due within the month from Zone A and countless over holes across the project, make sure soon you’ve got all the shares you want here.

Last thing you want to do (which I’ve done elsewhere) is get carried away and excited when this begins to rise. Your average of 10p becomes 12p. Then 16p. Then 20p. If your confident, back it now whilst it’s cheap, and if it drops, put a little more in

I can’t predict the share price, so I go with the next best thing. GROWTH. And this has it in bags full. The clear pathway to production that Cora look to have, you really don’t see that in the junior exploration space. It’s normally dilution after dilution and a JV taking 60% of your project, probably more. This is a very unique situation.

I wouldn’t overthink it mate

Just do your research and focus on what’s in front of you. Would love more investors to come on board but I understand that’s a personal choice

The one thing I would add, with 25,000m of assays to report over the next 8-10 weeks, which will all lead up to a resource upgrade and feasibility study in 2021, this to me is the best opportunity in the junior exploration space

No empty promises. No hot air or false hope. They’re doing it, and the 5 lots of assays reported in 10 weeks is evidence of that
I really like ecr and especially Creswick, but in terms of progression, and most other companies, this trumps it for me.

https://www.google.co.uk/amp/s/mobile.reuters.com/article/amp/idUSL8N2K83VU

“ The West African country is one of Africa's biggest gold producers with about 13 mines operated by multinational companies including Barrick Gold , B2Gold and Resolute Mining.”

Malis Gold production surpassed expectations for the second year running and is home to a number of majors. Africa is a continent ravaged by poverty and civil war all across, but mining has always been and will remain an essential industry and a key revenue income, for many of its countries.

The Jurisdiction*** is more than fine. In fact, Cora themselves do a terrific job in the local community and create a wide range of jobs with local/national workers.

When the president was kidnapped recently, Kodals share price tumbled significantly. Within days, if had flown back up and continues on at pace. Production (which is financed for ) will not be an issue.

This is a brilliant investment opportunity with a company making it happen. The progress these last 3-5 years has surpassed countless companies sitting on a similar market cap, some of which I’m invested in (ecr/Orr/eee).
Not having a go at those companies in any way shape or form, purely highlighting the progress Cora are making, and at a great pace.

Stupid link haha. Go to his Twitter

https://mobile.twitter.com/ZaksTradersCafe

With Zak

https://www.**********.co.uk/articles/traders-cafe-with-zak-mir-bert-monro-ceo-cora-6a4844a/

Drilling day and night

They’re really working hard at Sanankoro.

I saw hydrogen post here yesterday and I've always enjoyed his encouraging posts on the GGP board, but agreed. Far from my pay scale working out the geology, but I know enough to know this really is something special. Very excited for the resource upgrade, and the cut off grade

Different project. Different country. Different continent

And the Sanankoro deposit doesn't start 150m-200m below ground, it starts at surface

Huge difference!

the 30m JV they signed at Anza is over a 12 year period. You could average that at 2.5m a year

The bulk of the drilling has already been carried out at Sanankoro and with £4m in the bank, your not kidding anyone MNN

It really is the stock with all of the answers. Very nicely set up

MasksnewNorm - I'm not sure if your looking for a cheaper entry rate or its a genuien enquiry so I'l try and answer it further

"It is intended that the proceeds of the Fundraising will principally be used for further drilling, related exploration activities and ongoing study work focussed on growing resources at the Company's flagship Sanankoro Gold Project in southern Mali. Additionally, the proceeds of the Fundraising will be used to continue exploration of the Company's other permits and for general working capital purposes."

The rest of the drilling campaign (which will be completed in 3 weeks) is funded as well as scoping studies, and future feasibility studies

Pending the success of the feasibility study, the company has signed a $21m term sheet to begin construction in 2022 as stated in the RNS below. No near term cash raises needed and the company could soon have a strong annual cash flow with a payback period of just a few years

https://www.lse.co.uk/rns/CORA/us21m-termsheet-to-fund-construction-of-sanankoro-kbv8nswncmyr8i7.html

This sorted through connections with one of the companies biggest shareholders

No issues here, in a brilliant position

Like HAD005 did at GGP

To for clarity, I'm invested into GGP and I'm not for a second comparing this to a tier 1 deposit, but with the small float here and production financed near term, its set up very well

Yeah, i had thoughts of GGP before mate. Not in terms of Havieron style intercepts but in terms of the rises GGP sustained

No JV needed, shallow mineralisation and like you say, results getting better and better with every set of assays. 24 holes from Zone A could land at any minute, along with the DD holes drilled at depth at Selin

The results to me were already incredibly positive but SC0379 Hole (19m@31.56g/t) really could be the Hole that ignites the spark here for an incredible run, and an incredible future. 35,000m in 5 months is world class pace and is a credit to everybody involved

https://www.lse.co.uk/rns/CORA/fundraising-excess-demand-from-subscribers-p72xupteo871xsk.html

"Bert Monro, Chief Executive Officer of Cora, commented, "I am very pleased with the strong support we have received in this fundraise from many of our existing shareholders. Following the receipt of all subscription funds the Company will have total cash of approximately £4.6 million (~US$6.5 million). Drilling is ongoing at Sanankoro and it has been pleasing to see such strong results coming out of the programme to date. We look forward to releasing further drill results over the coming months before a targeted resource update in H2 2021. Certain aspects of the Definitive Feasibility Study have already kicked off with more to commence in the coming months. We look forward to keeping all shareholders updated with our progress at this exciting time for the Company."

3rd June - £4.6m. No fundraising here