Member Info for AG1989

Holding very nicely, on the back of lifting of the mining suspension. No parabolic rises, just steady increases with limited stock remaining.

Should see us good to climb much higher once the permit is granted soon. We already have a DFS, the updated one will just upgrade the economics of Sanankoro, a formality really with a larger resource and increased Gold price.

The companies that will benefit from a $3000 gold price are not those who are undervalued, but those that are undervalued and are racing towards production. That’s the best way after all to benefit, Gold into money. Companies who are drilling And proving up resources will benefit as their asset will increase in value, but there can’t be a better proposition than pouring that Gold, and getting the millions into the bank accounts every month.

Once that journey begins, and construction for the mine commences, you’ll see a lot more money parked here, as our group resources will grow towards 2Moz in time.

Post of the year so far

Yeah, if you want actual change instead of gaslighting half of the board you've just filtered, look closely at the CEO who continues to take home her £100K+ Salary. All whilst during her tenure here, has decimated the share price by over 95%.

Why should she continue bank rolling £100K, when an investor here, their £100K is now worth £5k. It's no witch hunt, its facts, and facts are something that seem very few and far between here. All shareholders want the best for the Company here, to see it succeed and in return, watch their investments go up. This time in 12 months, without any further developments, Oracle will have 16-17 Billion shares in circulation. It's shareholder neglect on a different level. All whilst giving away 80% of the only project that looks to create any value in the near future. Myself and others said years back, it was a shocking deal. 100% of NZ alone now would value Oracle Power a lot higher than what it currently is, get it to a resource stage and secure a better JV in the Tens of Millions, not $A600,000. Thar, Green hydrogen and whatever else they have going on, she's raised £4-£5m for these projects in recent times, more money than what the company is even valued at.

Change is needed I'm afraid and investors here deserve to see some reward for their long term pain and commitment. That will not come with Naheed in charge

What a very dangerous person.

She only does placings when absolutely necessary 😂and that’s why she’s diluted the share price 300% on recent years, worse than any AIM company I’ve even looked at.

Grades are good to be fair, can’t fault them, but damage has been done by Naheed and the precious Lord continues to excuse her at any given point.

I think:

- Mining permit granted

- new DFS showing Sanankoro NPV £400-£500m+

- Continued Resource development and drilling

alone will see this rise quite considerably, especially on the back of the Gold Price. Construction will begin and the herd will arrive then in anticipation and this should settle a lot higher than £30m MCAP. Could see some real gains before any production figures hit in 2 years time, but my shares are locked away for a very long time we should be rewarded nicely.

Just for confirmation, the company have messaged me to say these permits were terminated, stated in the 2024 annual report. Priorities elsewhere and untouched land in Senegal, it makes sense.

$3489 and still flying.

The value of Sanankoro is significantly increasing here day on day.

The sad part is, I remember only a couple of years ago this company had around 3 Billion shares in circulation. It’s now 4 times that at 12 Billion. It’s been handled horrendously with no end in site of getting a project over the line.

Mining permit news hopefully soon, and see if they can trigger the $70m loan. May even be more if costs have gone up, but no point in sitting around

Be interesting to see what exploration news comes our way too with the team out busy.

$3415

$3392. Just gets better and better.

Https://www.lse.co.uk/rns/CORA/farassaba-iii-permit-awarded-xazavzadxq5sawy.html

Rewarded in 2021, with some promising early results but nothing since, for obvious reasons, and under the project portfolio on the website, we only have Sanankoro and Senegal. Sorry if I've missed an RNS somewhere, or where these permits offloaded with the introduction of the new mining code?

IWantThatOne - Thank you very much for that reply, some interesting takes from it, and looking at your experience at HUM, i take it seriously.

From what I've witnessed these last 4-5 years, the developments here have been pretty decent. I wouldn't say "Smooth flowing" with the mining code delay, but in terms of the drilling and contracting companies involved this far at Sanankoro, I think the team with all of their help delivered exceptionally on their goals. Easy to forget, Cora are just an exploration company with an end goal of mining. This phase completed (Which will continue during construction) and then we're onto the next.

A DFS is a guide based on competent Research and data. We know it will never go smooth sailing and there will be bumps along the way whether that's Civil works, operational teething issues, and higher than expected AISC. I think that's the greater benefit of getting in as low as 1.5p like some of us here have. We take that risk on, but with these small developments, your Profitability here can grow significantly being we've even poured that first Gold, but at the same time, need a lot going in your favour.

I've beat the drum regularly here about the exploration in Senegal. I think opening two fronts in the end could really rocket Cora to mid Cap levels. That said, taking too much on too soon can also be a burden, failings and short comings on one of your mines, can dramatically dent success executed at the other mine. Still excited for what's to come here, especially with such shallow, rich ground, and a ROCKETING Gold price. But always nice to hear differing opinions and experiences

Thanks again

The Madina Foulbe Permit is huge. Sat on the same Gold belt as a: 7.6Moz,8.4 Moz and 1.5 Moz mine. One of the closest mines to it is a 14 Moz mine. It's in such a Gold rich area, with some very promising early results like you say Smudge in shallow ground. Would love to prove up another Sanankoro and eventually the company will have the resources and financial backing to do so

Very busy few months mate yeah. I think even with a higher AISC with inflation on the new DFS, with the Mali Tax too shall we say, with Gold just under doubled from the last DFS, and Resource increased significantly with more to come, the returns and numbers will be brilliant.

There's clearly Gold in Senegal, but at what scale I'm not sure. Needs a mammoth 40,000m drilling campaign like we did at Sanankoro but all good things will come to those who wait

"The agreed respective equity interests in the Kobada Project are in line with the provisions of the 2023 mining code for

all new development projects in Mali. Producing mines in Mali have seen a different equity split structure to date. In

Toubani's view, the equity structure for the Project ensures all parties have a vested interest in Kobada's long-term

success. "

Also interesting to add, it's not a set 35% as stated in Toubani release. "Different equity split structure", could be 20%, or as little as the 10% free carry for Mali. The Senegal license is a great point too, once we have the financing and internal revenue stream, we can develop a second mine there.

Definitely Smudge, and after reading their Hot Copper message board, their investors are of the same opinion. They see it as a positive and Mali's longer term commitment to the project itself.

Https://yourir.info/resources/b36fdb300e0ee127/announcements/tre.asx/6A1257936/TRE_Kobadas_Strength_Shown_in_Toubanis_Mali_Agreement.pdf

All that said, good to see movement in the right direction.

O 65% for Toubani through a fully owned subsidiary

o 35% for the State of Mali, as follows:

 10% unpaid free carried interest

 20% additional paid interest

 5% paid interest for national investors

Not sure how I feel about this with Toubani Resources ? 10% free carry for Maki government which was expected but then another 25% possible at a discount ?