Member Info for AG1989

RNS ALERT

Drill pad preparation is well underway at Kilimapesa Hill, ahead of the arrival of the two RC and diamond drill rigs this month and planned drilling program.

Exploration on our Mining License is part of our plans to increase resources to +2-3Mozs.

#CaracalGold #GCAT

Let’s get those assays rolling. On ground with a current 600,000 oz resource, I’m sure they have solid ground ;) The market loves a golden RNS. Plenty to come

The talk of fraud and stock market manipulation soon sent a few packing :D

Good post RP. I missed the big GGP jump, and I'm not comparing deposits or companies, but i also beleive there are many multiples to play out on this one. Even after their HAD005 discovery, there was still ample of time for investors to jump aboard and ride the GGP ship to the Golden archers. But the story at the end of the day, was the quality and value being created by the company. Something Cora have maintained and executed impeccably in 2021. Without the term sheet, there would be a high chance the company would have to JV Sanankoro out for 40/50% to help manage CAPEX.

There will be dilution, as expected, it may be at a price lower than I and others originally expected but very happy to be a part of the journey. 2022 should be very exciting and to make that transition from explorer to producer is a massive credit to all involved.

“It also provides a strong boost to our corporate strategy and plan to expand our exploration activities beyond Kilimapesa, and in turn, grow our mineral resource base to over 2Mozs [million ounces] from current and new operations within 18 months.

Current and new operations - Could give an indication to the size of the acquisition we're dealing with. The company want to grow Kilimepesa to 1Moz by next summer, with a total of 2Moz within 18 months overall. Very excited for further news surrounding this

Had numerous messages on Twitter on investors taking advantage around 12p yesterday and loading up. Cora are not a rampy company and go about their business in a professional manor. Buying at 12p with a 265,000 oz or buying at 12p with an 800,000 oz Resource. This is going places, hopefully a couple of updates before the XMAS period

Hi Davefinney

I don’t want to come across like “this is so undervalued”, “the market just needs to wake up” bla bla bla because a Rampy response is good for nobody.

But I do share the same levels of surprise. Gold exploration probably takes up 80-85% of my overall portfolios. I’ve invested in numerous juniors, but none which have a market cap lower than GCAT & are an ongoing Gold producer.

When this raced up to 1.8p, it was still sub £30m market cap and I thought I’d missed my chance. The company hit sales of 500 oz of Gold for September. This figure looks set to increase, until they hit 1000 oz a month by December.

A current JORC resource of 600,000 oz, ceo stated last week they expect this to breach the 1moz mark by mid 2022.

A lot of capital going into upgrades for the plant with long term ambitions (2-3 years), of hitting 50,000 oz pa.

Already in profit with a total total cost per Oz in September of $1600. This is set to reduce by $100 oz with the conversation to grid power. This $1600 is also inclusive of plant & machinery upgrades which won’t be as heavily incurred moving forward

- the company have purchased 2 drill rigs to begin drilling within the next week or two

- looking at additional acquisitions in Tanzania which come with a JORC resource and feasibility study. Robbie described Kilimapesa as a company maker, he believes this will also be a company maker. Should hear news of this before the end of November.

Plus a lot more. A brilliant company, and within only 2 months of being live on the stock market, they’re making huge progress in Kenya. I was delighted to top up somewhat aggressively at 1.25p not long ago but I’d say it’s still in bargain territory.

DYOR as always :)

Drill rigs mobilised any day now too. Love it.

We’re certainly in that period LW. I think if a poster came on here right now and said they’d sold up, as they’re waiting for the term sheet and dilution to pass and be nodded through, I’d have no complaints. We’re all here for one reason and that’s to make a profit on your investment. Look after that, back yourself.

But from a personal perspective I just can’t let go. (Also, I don’t want to and have no intentions). Around 50% of the float is in the hands of directors, the CEO, the top 3-4 shareholders. Shareholders who are heavily involved and won’t be selling yet, and we’d have seen a TR1 confirmation if they were. So during these quiet periods, the retail investment right now will have a massive impact on the future of this company. On low volume, if PI’s begin to unload, this could drop 10-20%, and carry on. And when the term sheet is signed, instead of doing it on terms of 14/15p, you could be doing it around 7p, meaning to fund the term sheet, they trigger a much higher level of dilution, pushing the share count closer to the 400m mark.

I really don’t know what will happen. Will it hold ? Will it increase with market sentiment or additional announcements? Will it retrace back below 10p?

I just want to do my bit and hold as long as possible, for the benefit of Cora, the SP moving forward and ultimately, my investment. But if I do that, others selling, that’s a factor outside of my control. I think it will be a funny couple of months holding here but il have no regrets. The company have done the donkey work, they’ve completely excelled all expectations for me, I feel I can ride the winter storm and reap the benefit heading into 2022.

A JV with hummingbird at our Yanfolila projects would be the icing on the cake for me. More deposits which starts at surface, high grade up to 100g/t. A processing plant within 10km and a potential free ride for a couple of years.

Hum have their own exploration going on and will continue to expand resources. But with these permits being 60km south of Sanankoro, the obvious choice would be to use a nearby mill, without having to tuck into our existing cash flow.

An absolute pipe dream but part of the growth for Cora Gold. “If”, this isn’t going to be a buyout option and Cora have long term plans, which is pretty evident with the DFS and term sheet, I’d love them to expand their reserves beyond Sanankoro within 18-24 months.

Yeah I think it’s just to their own and can understand both sides of the chalk. There’s every opportunity for me that the price could still rise, and the term sheet dilutes the shares accordingly in the future.

Beyond the bonanza grades, the share price has been very lacklustre for years now, even after the initial 265,000 oz resource was announced. I certainly don’t have the money to compete with or deal with the terms of the term sheet needed. Institutional investment and the larger shareholders were always going to benefit from it. But without it, Sanankoro doesn’t have a story. I probably wouldn’t have bought in. The term sheet made all of this possible and I’m thankful for it.

Once it’s out of the way and there is further clarity on the future growth of Sanankoro, investors may feel more at ease with parting with their money here. But any weakness shown in the share price moving forward, il be glad to jump all over.

Where is this from Smudge?

"Solid advice AG1989; but I was just wondering do you give credence to the possibility that the MMs have, over the last few months and following the release of overwhelmingly positive RNSs, are somehow deliberately holding the SP back for some reason, although I do appreciate that many argue that it's simply a case of the interplay of the buy-sell dynamic."

Palmsairpot - It's a mystery. The book looks pretty good today with plenty of volume, and still RED. I remember finding this in April down at 7-8p, there were days that you'd only see 3-4 small trades, no exaggeration. Impressive results being delivered, and nothing. This went on for weeks and weeks. I read into the history of Sanankoro and it took me back. A 265,000 oz deposit with a planned 35,000m, i jumped all over it. The price traded sideways until the company released the world class intercepts of:
19m@31g/t
49m@15g/t

and it exploded. The market loves assays, they love little buzz factors that gets the juices tingling. All the way up to 19/20p, and even with further impressive results, a decline in SP. - Welcome to the AIM, Cora is no exception

There have been some very quiet periods lately with Cora in terms of daily trades, not great for the share price. I'm hoping as the story unfolds, we hear additional exploration plans for 2022 and the Sanankoro mine becomes a reality, its met with more Institutional investment, followed by PI's

Hey Dan, yeah you'll get all kinds of investors, with different averages feeling the strain. It is baffling but i try not to let it distract me from the story and what the company have produced here. I sold out on Landore today. No hard feelings and i was slightly in profit. I think they have something very credible over there that can generate a lot of growth in the near term/long term. I'm just not sure on the story and they're expecting a revised MRE soon, with a strong SP leading up to that, it stinks of a traders dream. We increased the resource by 200% here, and look at the SP action

If Landore decide to raise more money and continue drilling, short term investors will sell off, even though the bigger picture is positive. I don't know whether LND want to sell their entire portfolio, do a partial sale, JV the assets out with a major or continue drilling themselves, or a mixture of all 4. There's certainly a strong investment case over there, but with that uncertainty, i sold up. I feel with the same with EUA, bags full of potential but i don't know what the future holds

The difference here, is the $25m term sheet. It has a STORY and a pathway to production which will set this apart and ahead of the chasing pack, in time - Only my opinion but Cora are following the steps and taking action exactly how and when I'd want a junior exploration company to do so. Happy to ride the wave and begin the next part of the journey in 2022 and beyond

indicated **

I've seen a couple of 1Moz comments. Not knocking them because I'm not a geologist. But with a decent amount of infill drilling upgrading the inferred to upgraded and seeing the broker note, that's why i went with 800,000 oz. A 200% increase is phenomenal with 6 months of drilling, i don't want that to be overlooked

Well that's the thing mate, I don't anticipate it to drop. That's not to say it wont, I'm just content right now with my allocation and the direction the company are going in. If it does drop, I have the luxury of being able to top up "If i want to", but i know that not everybody has that ability so those who bought in 13/14/15p, or higher, may get frustrated to see this drop off

You'll find with a number exploration stocks, the price stagnates, drops and trades sideways when you expect it to go up and it will also rocket when you least expect it. Best just get content with your research, where you believe the company is heading and hope that with those factors, in time the share price increases

https://www.lse.co.uk/rns/CORA/exciting-high-grade-tekeledougou-drill-results-od1qxegoc1s9016.html

No hunting for "Fresh ground" in 18 months time. We already have it. Take a look at that RNS from a couple of years ago and it's why I'm excited for the company to grow as a regional Gold producer and not be limited to Sanankoro

Stocktow - Yeah It's just a projection but nothing in conccrete. A 40p share price could mean a Market Cap of around £120m-£150m which is still a sizeable amount. You can't gauge from other companies direct but you have Producing companies in Africa like

Shanta Gold - £127m MCAP
Hummingbird - £69m MCAP

So i don't want to get carried away. I'm just over the moon with the resource and direction the company is taking. The potential to grow Sanankoro close to 2Moz imo is a high possibility over the years so I'm looking forward to see how the company address this moving forward, something we may hear sooner, rather than later. They also have High grade ground only 10km from Hummingbirds Yanfolila Gold mine which could bring in additional revenue over the years

Depending on the rate of growth, this could well surge past 40p long term definitely, but a lot to negotiate inbetween. LW is right, there may be short term uncertainty with a possible placing and dilution in the term sheet so I'm not suprrised investors may want to see how this plays out. But in terms of research, I have full conviction in Cora and would kick myself selling out, expecting/hoping a lower entry next year, to then see this fly. Gold is flying right now, sentiment slowly increasing and those companies and shareholders positioned in Stocks like Cora, GCAT, GGP with a pathway to production, will be far better placed

Also have a small ISA position but with little movement in its performance, I'l let it ride and add to the dips

Possibly LW, mine are in my SIPP so long term I've no concerns about the short term SP. Once Sanankoro comes online and they expand it into the 1Moz+ category, this should be a success in the long term. Currently 247m shares in issues. Even "if" this ends up 400m shares, i can still see 30-40p long term. Even though the DFS is looking like 2022, I'd be very surprised not to hear further updates before the XMAS period. Transferred my LND holdings to here today. With 800,000 oz and a pathway to production, this is head and shoulders above anything I'm invested in Sub £40m MCAP - with the exception of Caracal gold