Member Info for AG1989

That 6.8p opportunity yesterday was a steel

It’s definitely not out of the question cventer. The recoveries from the 5,000T heap leach will give us an indication on figures when they’re increase to 10,000T and beyond. Also be interesting to see how well the plant has ran. 20,000oz I would say is now achievable, or will be on a 12 month period

All as we drive Nyakafuru towards production and those numbers just keep increasing

“You son of a b*tch, I’m in”

Will we get them before Q1 ends next week?

Doesn’t really matter if they’re next week or the week after but they’re are due any time.

With the first of the Heap Leach pads in operation now, if the CIL plant has ran at full capacity for March, you may find monthly production has smashed its way north of 1,000oz, pushing on towards 1,500 oz.

Lots to think about, lots to look out for. There may be a period soon we’re we are absolutely overwhelmed with news from numerous directions. Combined with a strong POG, it’s well set up here

Capital drilling really work at lightning pace so expect samples to be sent to the lab now on a daily/weekly basis. It really wouldn’t surprise me, like last year, for them to extend their scheduled amount of drilling.

35,000m planned last year and 40,000+ drilled. The work achieved here last year Truly trumped that of many in this sector. 7,500m planned, once the strong assays roll in I can see this being extended to over 10,000m. Let’s push on towards that 1Moz mark. 2moz after that.

I think for the directors to continue buying shares on a monthly basis is extremely bullish. Naheed has 109,000,000 for herself. She doesn’t need any extra incentive

https://www.lse.co.uk/rns/ORCP/exercise-of-warrants-j6e72phi1op6s3z.html

The Sheikh recently exercised for 200,000,000 shares for £500,000. That’s some statement and I think it took his allocation to over 500,000,000

Something big seems to be building you really just have to stay patient on this one.

We are due a lot of news. There has been a lot of action , but nothing concrete really

Green hydrogen news - currently waiting on a lot here. Financing, investment, buyers, technology suppliers. Lots happening but until there’s something is substance, I don’t think Naheed will release much

Thar - coal to gas. After recent news, the transition here seems to be stepping up and we could soon be utilising thar coal on favourable terms according to the recent tweet from the company

Jundee east - 9km east of Jundee 8moz gold mine. 3,000m drilled. I’m sure I read at one point there was 7,000m to be drilled. Whether they’re awaiting for the first lot or assays for follow up work. Assays should be here within weeks

Northern zone - we’ve already had a ruck of assays here with more drilling set to begin in the near term

Huge, huge potential on 4 fronts. I’d like to see how serious Naheed and the company are about actually getting this hydrogen project up and running. Lots of unknowns but still early stages. If it gets over the line and Oracle move forward in taking this $2B project to market, we could rerate into the hundreds of millions. Considering it’s only a £8m mcap, this has enormous upside.

Crazy. My issue is I like to think I see potential, months and years ahead of when it actually comes to fruition. So I just execute a position and get myself in there. I always have to average down because i gained a bad entry point, but it’s all part of the journey.

For a MCAP of £19m, I believe within 12-24 months we’ll be hitting yearly revenue of £70-80m, that’s what I keep reminding myself. BUY BUY BUY. Took another £3,700 before. Good move ? Bad move ? Who knows but long term it should return very well.

Yeah I feel like for my sake, and other shareholders I don’t want it to go any lower. That said, if I can lower my average, this can have a positive knock on affect with my exit strategy. Il be able to exit sooner and still make the same amount of profit doing so. I see it as a win/win right now but I understand not everybody has the luxury of averaging down or making further top ups. This is where I’ve disciplined myself in the last 12 months “not to go all in”, when I have the urge to

Yeah we had a chat on the Twitter group. Not something that particularly phases me now. It’s about watching the operation grow on multiple fronts. The appointments have been made in the required fields, far too much to come here

Brown, I’m confident the strength of Sanankoro will prevail. And like LW states, it will be interesting to see how the term sheet plays out. But I’m hoping the company do keep a close eye on the share price

It has drifted on low volume, and if it continues, the dilution come term sheet time could be significant. I think, and hoping that the ongoing drilling campaign will
1) deliver some strong assays
2) grow the deposit closer to 1Moz
3) build up much needed interest in the company and bring some balance back to the price. Still confident it’s just a waiting game on numerous fronts. A good problem to have for me.

https://mobile.twitter.com/AllStarMinerals/status/1506554932970897408

Interesting.

Yeah definitely LW. And one last note. I know I’ve mentioned these “quiet periods” before. However, something rings a bell late last year when this was over 10p. You made a comment about the possibility of Cora SP retracing back to where it is now, on low volume, and it’s subsequently happened

So when shareholders question the lack of share price movement here, with having witnessed what we have elsewhere, I’m really not surprised by the latest trend, from a personal perspective. I like to gauge a market cap, look at the fundamentals and generate my decision on future growth. Then I make the investment.

But this could well play out a number of ways. It could go on a run and really get going. Or it could stagnate here and possibly retrace a little come term sheet transitioning should I say. For what I allocated for Cora, I’m content with my allocation. But to this date, I’ve only used 60% of my available Cora money. The other 40% can be used to average down, (if that opportunity comes). I think that’s why I’m more relaxed than most. The danger is, using that 40% and it continues to drop but i guess that’s the risk we take.

Also, just to the north of this section, at depth they’re hitting some very high grade material which remains open. It’s one of the factors which has always excited me here. Exploration target of 1-2 Moz up to 100m. But some of the grades they were hitting below were fantastic. Plenty of upside to the initial 800,000 oz resource

https://mobile.twitter.com/cora_gold/status/1506187438175232005/photo/2

For anybody who missed this too, apologies if it has been reported

These 2 projected images of Selin. The one on the right is extremely interesting. From the middle of the deposit heading north, there’s a very rich patch of ground averaging >1g/t. These are the areas of focus I believe in the early stages of production, the numbers should look very attractive earlier on. Plus it remains open in many directions ;)

But I think we’ll just go around in circles and probably have the same discussion next week, or possibly the week after so this will probably be my last post on that matter. I’d rather focus on the strengths, which for me far outweigh any downside here. But that’s the difference of opinions and the beauty of these boards mate, they’re here for everyone. And maybe there are others watching this discussion that feel the same as you do so il let them talk about it.

I just think your convinced to a tee that the share price will automatically pull back to the fundraise price. Which is fair enough but fundraising’s done correctly, to support the company moving forward, can have an adverse affect

The term sheet on 8th September was an updated version, not the original. It was long known before that.

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

18th June 2020. This was the original date. The share price was 8.25p the day this was announced. By the start of august, it was up to 13p. It retraced before drilling commenced early 2021, and on solid results, went on another run. We’re in that cycle again right now where I believe this will run again soon, but now, we’re on the doors of production.

You won’t be on your own. There will be investors waiting for that term sheet to be signed to analyse share price performance, but for me, it won’t be a large percent. I’ve said over and over, the term sheet is such an endorsement to this project and a catalyst above anything. It’s not something to fear

I think as much as the term sheet provides favourability towards those involved at a set price, it happens all year around. Private fundraise after private fundraise, these millionaires get discounted prices for a large sum of investment. Its world I’ve accepted to be part of and issuing a set amout of shares at a discount to today’s price, is not automatic generation for the share price to hit that level, it isn’t, if you execute it in the right way. Like you said the other day, the minute that the term sheet is signed, that’s in itself is an enormous endorsement of $25m, to how encouraged our investors are with Sanankoro. The day that red dot comes out to say that the term sheet is triggered, and plant commencement and mine works can begin, the last thing I believe will happen, is the share price will retrace to term sheet price. It should drive convincingly in the opposite direction.

Those companies I’ve named above, they all remind me of Cora in the sense that right now there’s no interest, nor volume. But the stern difference being, that Cora has stronger fundamentals than those 4, you could argue with Orosur, and you can predict the company delivering on levels, others won’t reach in 2022. The market buys into the strength of a product /asset/project and barring a political and national demise in Mali, I can’t see those strengths disappearing anytime soon. I’m down to 5 investments now and each one has significant value. Value where if the markets shut down for 10 years, and reopened, these assets are life changing in a number of ways and will always add value. I feel very comfortable leaving my money to work for itself in every single one

I know you like the company and what it’s achieved this far, but you feel like the short term downside that the term sheet can do to the SP, outweighs the strengths to drive this forward. I just hope you don’t miss the boat, but if you can get involved under 7p and gain your entry, then I wish you the best of luck and well played.

LW, that could be right but the elephant in the room for me, is the lack of exploration and concrete news since the turn of the new year. That’s not having a dig at the company, because 40,000+ m drilled in 6 months last year is spectacular and trumps nearly everything in this sector. But this quiet period was always going to come

The term sheet has been around for a hefty period of time now and it didn’t stop the Cora moving very swiftly last year. But the AIM is full of traders. I’ve accepted that, people get bored and move on, it’s a fact. If last years assays were followed up immediately by a resource upgrade and the DFS completed in 2021, as originally scheduled, this would have set a base far higher up. There was always going to be a lengthy gap between last November’s resource upgrade, to where we are now/April.

I could reel off a long list of companies that have suffered similiar share price trading and set backs like Cora.

Empire metals
Ecr
Orosur mining
Wishbone

I mean, wow, that last one, according to shareholders there was no need to drill, they’d already find a second Havieron. A severe lack of news and the price falls off. You’ve seen it with your own eyes at ecr. Waiting and waiting and waiting for the Eye catching news to be delivered, and it didn’t come. And this goes beyond the sector downfall in 2021, without the abundance of asset accrediting news, these companies run sideways for a long time. The term sheet for me isn’t keeping this down at all, it’s the lack of interest chasing the next big things before the sector hits the cycle again and becomes popular.

A combination of strong assays, further upgrades towards the resource and a completed feasibility study, IMO will shift this before the term sheet comes into play. And I don’t mean it’ll shift 100%, but having watched it for over 12
Months now, I can no reason in the near future this can’t hit 8/9/10p again.