Member Info for AG1989

Looks to be holding well. Don’t those 4.75p placing shares kick in today too, 1st April?

I think the optimists within us are hoping for a couple of months. The reality is, that could be correct, or it could go on a lot longer. It’s a question for Bert, one I’m sure he couldn’t give an exact timeline, so anything discussed here is an educated guess at best

It was a 7% dilution and the majority of all our major shareholders took part and added more, so they’re obviously convinced. But funds are needed for the continued development work regarding Sanankoro and to get it construction ready. This £1.5m will be spent wisely, the share price seems to be holding okay and if it drifts next week towards that placing price, il treat it as nothing but a gift considering I was buying at 7p this week. Good luck all, it’s been a decent wait between the drilling/DFS, to where we are now, i can definitely hang on a little more. 480m shares in circulation. With 65% being held between our top 5 investors, our current market cap, and the potential that Sanankoro could produce 60,000-80,000 oz in a couple of years from now, a 5p share price looks attractive.

Like mentioned by another user though, only 9 days ago 17th March 2025 the price was (£0.0455). 19 days ago it was £0.0310. If you'd told me back then that within 2 weeks we'd been raising funds at 4.75p, above both of those prices, I'd have snapped your hand off. A fundraise, which may be one of the last ones this company does, before they have a steady, high turnover, revenue stream.

It really is brilliant, shares going in on 1st April next week. And considering it was 1.5p in September, the sp has performed exceptionally well considering the bulk of Company making news is still to come.

Plus whatever Smudge has stashed up his sleeve ;)

Rookstone Business Inc a

150,836,532

31.11%

Lord Farmer

93,527,509

19.29%

First Island Trust Company Ltd as Trustee of The Marlborough Trust b

30,137,336

6.22%

Maggianda Foundation c

25,361,540

5.23%

Paul Quirk d

14,612,599

3.01%

65% of the shares are being held by these 5. It's so tightly held and each one regularly increases their holding. No wonder this moves so fast when the interest pours in. Once the mining permit is granted and construction begins, this will fly. Sit on whatever you have and Good luck to all involved

The original DFS has already been completed, so the mining application will be unaffected. The updated DFS will just build upon and increase the current economics and profitability of the project.

Stocktow - relatively speaking it was a good raise with director buys involved. Every company in our position dilutes the share count every now and then, it’s not a negative, it’s a necessity to complete your next milestones.

And il also add that once this next batch of work has been completed and we head towards construction and Gold production, raising funds will be an art form of the past, in most aspects as well have an active revenue stream.

All of them directors buying shares at this all important time. Very good news, will allow me to get a double more in under 5p and gives the company the necessary funds to continue on the all important Sanankoro studies.

Not from a technical standpoint but you only have to go back September when it was 1.5p, now after the decline we're still 300% up from that point so there'll have been some profit taking.

Yeah I hope so bud. It’s not a ramp, important dealing with straight facts and what we actually have going on. This mining permit, once accepted, I think that’s the ultimate accelerator to this. Above the mine plant, above everything, it’s a hurdle that once cleared, opens this wide up. Think we’re just seeing a little taste of interest from PIs, waiting in the wings.

Smashing through 7p. It’s no surprise to me, just like the sell off recently with the uncertainty of the mining code and delays. The country is looking to turn a corner and we’re leading the charge

- 1Moz resource (inferred and indicated)

- Resources start at surface

- Oxide layers (free digging. No drill and blast. No access issues)

-Financing ready to begin construction

-Ground at Sanankoro vastly unexplored.

- Strong drill results from new resources not included in the DFS

- 1 year financing payback

- Gold $1200 higher than it was from the last DFS, which in itself showed insane numbers. $70m first year free cash flow, set to be significantly improved upon on the new DFS

It’s not a competition with other junior Gold miners/exploration companies, but this for me is the best play around, for its current value. Others may disagree and that’s fine but I think the work the board and team have carried out these last 4/5/6 years needs far more recognition.

Great couple of days, good discussions and informative data from a number of posters.

Looking very good, and should rise nicely leading up to production

18 months for construction, say 24 months for a buffer. Would be very surprised if the mining application isn’t accepted within 18 months.

Thanks for that James. And the clarity is really useful

If you ever cash in your shares off the back of something you’ve read on LSE, investing isn’t for you. Ever

5.46p

It's the reality that once you dilute into the Billions every raise, and with a small MCAP, it wont be long until you hit 20 Billion shares. So ask the question, what comes first, this crazy SIC number, or a project getting some Game changing news and driving this forward.

For example

2,000,000,000 shares X £0.00014 (Current price) = £280,000 ONLY which wont get you far.

And I know the share price is slightly fluctuating higher but Naheed is known for her shocking negotiations in raising money. It needs news now, I really like the idea of the projects and the potential but after 4 years of losing 95% of my investment with limited progress, something had to give. Would like to get back in and one day develop THAR, but would need to be under new leadership

Always do your research and best of luck to all

James, agree with everything your saying there, and it's personal choice I guess. I think Cora know they've only scratched the surface in terms of what Gold count Sanankoro has to offer. Because of the decent grade and how shallow it all is, oxide layers, it made perfect sense for Bert to fast track a DFS and get this to construction. The rest of the gold is going nowhere, Dilution is limited here and funds are wisely spent. Begin construction and branch out your drilling campaign (Not isolated to just Mali as you say) and go from there.

0.00014. Market doesn’t like it. First we’ve heard on it in an age

Stocktow - I’d imagine so yes. Amongst all of the positives here, the clear elephant in the room and any obstacle, would be getting that mining permit accepted. But between 18 months of expiration work, extended resources and other factors, it’ll be up and down for some time, but can see it settling much higher than this. Let’s just hope Bert has his ducks in order and the essential machinery can be purchased instantaneously and constructed. Very good price action this week, but not surprising