Member Info for AG1989

Never applied which i now regret. However we're currently 1.5p? above the placing place, for its long term potential, there's nothing in it. Excellent news

But each to their own. I understand both sides of it

I’ve just seen enough progress since that drilling campaign to convince me, we’re not far off now

People need to understand the 65% of this was held by 5 major shareholders, who at every opportunity have supported Bert and his goals for Cora and Sanankoro. That’s investing for you, and if this gets legs and grows, you need to be prepared for huge chunks of institutional investment to flood this, it’s the way it goes.

Small time retail investment which I include myself in, I’ve had the opportunity 16 months ago to get this at 1.5p and sell over 10p, I haven’t sold but there’s been plenty of opportunities to make gains here.

He set out his goals

-drilled 45,000m

- DFS and updated DFS

- defined resources and continue to do so

- is working hard to finance this whole project

- can be 18-24 months away from a gold pour and debt free (MASSIVE)

Really think at times Bert gets a bad deal with some investors. He’s had a 2-3-4 year delay with the suspension and new mining code and to me, seems to be doing all he can to deliver returns to ALL investors. If the big investors, who are the ones who have raised funds at a higher price than 6p in the past, if they benefit, we benefit.

Keep the faith

Sufc - thanks for the update

The project team were stood down for a prolonged period of time, so to have them on site ready to go is very positive.

All positive really, construction is priority number 1 once the permit is secured. Race ahead with that, whilst turning Sanankoro into Swiss cheese and extending the resource base.

Would be great in 24 months once gold is being poured, that Madina Foulbe will have made great strides itself towards a mining stage. The 6p raise, a tiny setback but one I’ve not even flinched at. Puts the company in a brilliant position to execute all of its strategies moving forward. Take a look back over the last 6-7 years here, dilution has been kept to a minimum in comparison to other exploration companies out there. Personally think it’s been managed in a brilliant manner and shareholders should be filled with excitement.

£1 price target for me. Willing to wait as long as it takes but believe it’s more than possible. DYOR, only a personal opinion.

Any insights ??

It’s asking me to pay and not committing to that. Hopefully upbeat from Bert

Can they even take full control with a maximum stake of 29%?

Sufc, well summed up.

Not only do eagle eye have the potential to finance the entire project, they want a stake in Cora themselves which speaks wonders for everyone and the company. Bags full of potential and with more proven resources, annual production may be closer to 80-100kpz per annum.

Agreed Smudge. Feeling more and more like crunch time and has allowed investors some cheap shares this morning. A big big move and you sense it’s just the start

Gold may soon be $3000 an ABOVE what was used in the DFS, its insane. Considering the DFS was already a blockbuster, these numbers are just scary (in a good way).

Now at $5500 and racing ahead. I'm sure the company are doing everything in their power to get this through, when it happens, I think we'll race past 30p.

Like previous posters have stated, it doesn't take much volume at all to get this moving

Great research as always.

At $5000 per oz, it’s the first I’ve ever properly wondered about a buyout here, in a positive manner.

Permitting around the corner, the gold starts at surface and it’s vastly unexplored. Probably $5-10B worth in the ground, a £1 buyout per share would be a bargain for some giant corporation.

And if not, it’s all ours.

Get ready

Chris, I totally agree. When you see how far Greatland has dragged itself, even Orosur mining has a MCAP 3X what Cora has, genuinely believe this is disgustingly undervalued.

The exploration was almost cut short and halted in its track as the company felt they had enough data to move forward with a DFS (which I don’t blame them). That said, it remains vastly unexplored and existing pits remain open in many directions.

The beauty about all of this is, Cora will hopefully be debt free is under 12 months of production, and with the Gold so shallow, you really won’t have to wait long to watch the millions pile in

We just need Mali to play ball, get it done and we’re away. We need that permit, that’s all.

Gold price flying to $4900, you could well be right. Personally, anything short of 50p a share and I’d be very disappointed in. I’m fully aware that’s 5X what we are now but I think Sanankoro has the potential to take this all the way to £1+. With ease.

Based on 64,000 oz PA for the first 5 years, todays gold prices yields YEARLY revenues of $300,800,000, so over $1.5B for the first 5 years, and thats without any Resource and Production growth.

Debt free unless than 1 year and potential CASH on hand 10 X our current MCAP

A longer delay than expected with this Permit and something some will see as a risk still with issues in Mali, but if this gets the go ahead and Permit awarded soon, this will be life changing for all investors. I still work Mon-fri full time, but positioning myself to benefit here (I hope), so I can move to spain :D

Think it would be perfect timing for a Q&A interview with Bert ? Or just a generic catch up for the shareholders ?

$4618 now Gold. The live price is definitely giving the company every opportunity to get it announced.

I think it looked way too oversold when it retreated back down to 6p. Like you Smudge, I’d kind of sick half guessing this share now (in terms of permitting news). Hope it’s soon. It’s been expected for the last 4-6 months so who knows.

Long term shareholders happy to proceed with the latest raise so looking good. I think if announced soon when the gold price is where it is, we see 30p within a short space of time. We’re talking Gold valued in the Billions.

£1 a share would be a £500m MCAP. we could have that in cash within 3-5 years

Seen this takeover talk crop up a lot more recently.

Certainly not out of the question, at what price smudge would you be happy or see reasonable for them to take us out at ?

Would be absolutely amazed if they haven’t submitted a permit. Bert has stated in RNS reports he’s been to Mali and met with the ministry of mines to seek updates and progress with the permit itself

However yeah, the ongoing issues or any jurisdictional issues may override all of this. The wait continues

$4583

A really good time to announce the mining Permit. If the goal of hitting 2Moz at Sanankoro materialises, that's over $8B in the ground. Can't come quick enough

The market merely blinked on that last fundraise, it was seamless. £1m raised from our long standing shareholders, permit racing towards completion and Gold flying to over $4,500 per oz. Looking great here

Hoping everyone had a great Christmas and wish you all a happy new year.

I understand the uncertainty and sells but it seems like a huge over reaction to me, at a time when we as shareholders, are very close to the rewards. Seems like a cleaning up exercise from Mali more than anything. Il be buying more today, nothing has changed for me

Good luck to all investors, holding or not holding.