Member Info for AG1989

Brilliant interview, huge future. Next steps, securing investment from Banks, but this is a project that is gathering significant pace.

Loi to be issued for GH
****stan government creating a Coal Development Commitee with our CEO on
Ceo stating the company are actively seeking a JV in Gold and news expected in near future.

A very easy BUY for me at this MCAP, big rewards imo. As stated, DYOR

The entire point of a JV in the Gold, which now seems likely, is to significantly de-risk the financial situation. You basically concede 30/40/50/60% of the project, and as a result, a company comes in and takes up that financial burden, committing “X millions” to the 2 projects, advancing them in the process, all whilst Oracle take a free financial ride. Greatland Gold. Prime example. Newcrest commit to a $65m JV, and in return want 70% of the project. That 30% remaining for GGP is still significant to their shareholders. The same to be said for here once the millions of oz’s the company think are there, are proven up.

From our current MCAP, i have no doubts about the Gold. Proven Ground, target into the millions of oz's, good results and hopefully a near term JV will cement that. Big things coming from NZ. A side project to some (each to their own), but for me, equally as important, as valuable to shareholders as the others

Yeah i think if they are targeting production "very loose estimate" by 2026-2027 with a 3 year construction time, I'd imagine considerable progress being made on GH this year and especially 2023

LW, Bankruptcy

Have you seen the company presentation released today ? Quite impressive

A lot of information in there we already knew but with the 2021 drilling grades, the recently updated Resource of 900,000 oz and other snippets, it certainly feels like it’s all starting to come together slowly

Yeah I understand that mate. But "Exploration Targets" are a a bit of a minefield. The Majority of Junior mining/exploration companies that release an Exploration Target, never seem to get anywhere near, even over a prolonged period of time. If in 3 years, they've grown the Resource within touching distance of 1Million Ounces, with a tremendous amount of upside left, that's above satisfactory for me

40,000m drilling in a 6 month period, you just wont find that anywhere else with MICRO Cap companies. The company have an exploration target of 2Moz up to 100m Depth. They were consistently hitting high grade mineralisation, all the way down to 200m. The upside to grow this far beyond 2Moz for me does not get talked about enough. Full focus however is focused on proving up the ounces and getting this to production as soon as possible

I do take your point, and its a milestone some investors are itching to achieve, but it'll happen sooner or later, i have no doubts about that.

If I was a betting man, I’d probably say no, and for the same reasons as you’ve stated. There has been plenty of RNS reports released, positive reports which have led to no positive move regarding the SP. I just feel when I see a good price for myself, I know I can lock it in, and it’s real, if I want to use that word. As much as this term sheet may be holding the price back, the closer we get to that, the closer we also get to the completion of the DFS.

And I don’t know what will be reported in the DFS, but I know what I’m hoping for. If the company release that they’re aiming for 55,000-60,000 oz per annum with an initial AISC of around $700-$800, this could be just as significant to anything we’ve seen on the journey this far. New investment looking in, at a £15m MCAP with a company “financed” for production for a mine with a life of 10 years +, I can see a lot of buyers coming in. A lot of “ifs and buts”, but that’s where my head is

If I was to judge my BUYS here and take anything forward, I’d probably conclude that I should wait for the term sheet to BUY, that would be the sensible option. But I know what we have, and can look back on each purchase without regret. Judge the value of the company, the outlook for the future and pull the trigger. If and when the SP pulls back when the term sheet is triggered, il be sure to add even more, but I think the levels I’m adding at currently, will be surpassed in no time moving forward. Very excited to see how it goes from here

I can see Cora being a takeover target which could come out of the blue (would be messy negotiations with the term sheet involved), or a little longer term

I personally believe now that if Cora got took out at 20p a share, £60m MCAP, it would be a steal for the buyer with £1B+ worth of in the ground Gold, at very shallow depths. Whenever I make a purchase or investment, I always judge the investment “if somebody was to buy the company out, what valuation would it be at ?” And ive concluded that a BUY at £15m MCAP is worth while, albeit I do agree it could go lower.

Each to their own LW, but on the same token I’ve got an investment to protect. I’m well under here so if I see the company progressing and I have the chance to average down, I will it’s that simple. It may not lift the sp for a while but all this letting the share price sink and waiting for the 10% discount doesn’t personally wash with me any more. The company deserve their praise, you talk sometimes like Cora should just suspend trading and nobody should buy. Shares have been bought at 15p, a load at 10p, some at 19p. There probably will be a dip after the term sheet, but there’s nothing to say that it can’t rise before then, resulting in that 10% discount being a higher price than today’s price?

I have full respect for those buying and supporting the company. I don’t think Il get a 5p average, but the prices I can buy at now will significantly reduce my average, it’s a guaranteed buy now and long term, the price will rise far above what my average is

We have differing opinions and we do this dance time and time again. I just think after a brilliant, and I mean brilliant RNS, it doesn’t surprise me at all to see some investors buying

Bankruptcy - I think if you look around the junior space, there are a lot of companies that can’t even define any kind of resource.

This time last year, when the results were filtering through, we were sat on 265,000 oz. in over a year, they have tripled that number to be sat on 80,000 oz below 1million. I think the company have done brilliantly.
A mixture between a driven board, a huge drilling campaign and Good ground has helped us along the way. In time, I fully expect that 2Moz mark to be breached, but didn’t expect it any time soon

But each to their own and we all have differing expectations

dv, that’s a nice size allocation. Yes, a good RNS in a beaten market. I’m 20% + down here so any decent purchase will narrow that gap quite considerably.

Yeah, mind has been fully focused elsewhere, but this is another huge milestone ticked off on the pathway to production. You'd imagine with another 5,000-10,000m, especially targeting new zones, they'll hit the 1Moz mark on the next go. That in itself is a tremendous achievement for everybody involved and sets the company up well in the future

I saw no way this dropped below 6-7p but I'm still learning. The lower this goes, the more its looking like a good opportunity to lower my average and bring it down further (also under water). Get the DFS completed and Mine construction can then be tackled. A good day here for Cora

900,000 oz + and growing.
Increase in indicated oz’s
Room to expand
£16m MCAP
Open pit

Looking very undervalued with both eyes on production. Well done to Bert and the company, consistently delivering when it comes to drilling, you feel like every penny being spent is adding real value, which is something I can’t see for everywhere else

Hoping for a Top up this week. Was going to put it all in ORCP but at these prices I’m thinking about leveraging quite a lot in here. For me, one of the limited fantastic opportunities I can see in this market. But as always DYOR

Having being pummelled in the last couple of years, I’m keeping my expectations fairly measured. Who knows. If we get the green light for thar and GH this year, to significantly progress both, I don’t see any reason why we couldn’t race to £100-£200m MCAP if and when announced. They’re billion dollar projects in their own right where oracle would maintain a slice of both. Having an average of £0.0030 I feel fairly blessed and my exit price will be lower than some but, I’m here for life changing gains and think Naheed will deliver that to us in time.

It was extremely positive on numerous fronts. Great summary that

I was also thinking washers about news before the Q&A. But the more I pondered, the more it seemed unlikely. The Q&A is focused around Q2 quarterly activities. Any Q3 news before tomorrow, would just be a distraction IMO for Naheed to discuss, I think she’ll have enough to discuss as it is

But moving on after tomorrow, there should be a news rich period. Diamond drilling at NZ can’t be far off. Progression at both thar and GH.

Hopefully GH :)

Speculating on the Twitter group. Could be something to do with her new role on government committee and she can’t make it. Who knows. Hopefully something being worked on behind the scenes. It’ll be rearranged soon so no issues

Not that I'm aware of, but this was an interesting development i thought in January. Albeit a non-binding MoU, it was with Sui Southern Gas Company Limited, a company majority owned by the government of ****stan. This is to explore the route of a synthetic natural gas, utilising THAR coal from Block 6

https://www.lse.co.uk/rns/ORCP/coal-to-gas-development-mou-signed-with-ssgc-5lr12ozzfk6gqhj.html

"If" the Chinese walk, for me it's certainly not the end of the world. There will be plenty of options and big interest remaining on the table and companies chomping at the bit to advance our block. The situation in ****stan looks very unstable, and all signs from this new government point towards Developing THAR, and fast tracking it. More developments are to come.

Like I've said previously, if we had the Loi or alternative funding routes set in stone, we'd be sat at multiples of £8m MCAP. I'm not here for "security" or gaurantees, its a risk/reward play which has the potential to blossom into something extremely rewarding for all of those with averages down these. We have an enormous asset, the company are advancing a multi billion $ Green hydrogen asset and also a potential Multi Million oz Gold project, it's risk/reward like i've never seen before with enough evidence for me to show its worth an investment