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https://www.miningreview.com/gold/cora-gold-expert-explorer-aspirational-developer-because-of-sanankoro/

And options taken 12% above market price!

Hummingbird had a whole slide on Cora on their latest presentation, so think a lot more is to come from the 2 companies in either a future toll agreement or a buy out like you say of certain land holdings. Mind you with Sanankora being drilled and looking like a strong asset with a standalone mine, it's hard to see hummingbird not buying out cora completely at its current undervaluation.

Big buying going on at 7.5

Posted from the hummingbird chat.

Cora Synergy with HUM

http://www.coragold.com/wp-content/uploads/2019/09/20190925-CORA-draft.pdf

"We also note that Hummingbird is a significant shareholder at just over 18% and could be considered a potential acquirer of Cora Gold"

"Cora’s Tekeledougou project is located only 6km form Hummingbird’s Yanfolila gold mine. Significant intercepts include 56m grading 2.2g/t Au, 17m grading 6.8g/t Au and 1m grading 35.7g/t Au. Other prospects, Farassabe III, Tagan and Siranikele are also within hauling distance to Yanfolila. As such, we see potential for toll mining agreements with Hummingbird should these prospects prove feasible" 

"In addition to the Sanankoro project area, Cora has four tenements within the Yanfolila project area referred to as Tagan, Siranikele, Tekeledougou and Farasaba III. These projects lie within a 25km radius from Hummingbird’s Yanfolila gold mine"

"In addition to the Sanankoro project area, Cora has four tenements within the Yanfolila project area referred to as Tagan, Siranikele, Tekeledougou and Farasaba III. These projects lie within a 25km radius from Hummingbird’s Yanfolila gold mine. Exploration activities completed by AngloGold and Goldfields include soil sampling, termite mound and drilling. Marketing Communication Your capital is at risk 25 September 2019 - 9 - Some gold-in-soil anomalies were drilled returning 3m grading 8.3g/t, 18m grading 4.34g/t Au and 3m grading 3.08g/t Au. So far, Cora has focused on the Tekeledougou tenement which lies approximately 6km, at its nearest point to Yanfolila. Exploration focus in this area is to identify resources for possible treatment at Hummingbird’s Yanfolila gold mine"

"Kedougou-Kenieba Inlier In addition to the Sanakoro project area, Cora has four tenements within the Yanfolila Gold Belt referred to as Tagan, Siranikele, Tekeledougou and Farasaba III. Exploration activities completed by AngloGold and Goldfields include soil sampling, termite mound and drilling. Some gold-in-soil anomalies were drilled returning 3m grading 8.3g/t, 18m grading 4.34g/t Au and 3m grading 3.08g/t Au. These significant intercepts require follow up. The exploration focus in this area is to identify resources for possible treatment at Hummingbird’s Yanfolila gold mine"

Gold stretching very far it seems. Up to 5,000 meters in strike

More large delayed buys this afternoon.

Management taking up more shares.

Some decent buys on Friday afternoon. Not long till drilling resumes.

http://www.coragold.com/category/company-presentations/

https://mobile.twitter.com/cora_gold/status/1173609014552387584

Encouraging to see positive statements from recent drilling campaigns:

"Positive results from recent deeper drilling campaigns suggest that the development of a larger project may ultimately be warranted"

Positive results from recent deeper drilling campaigns suggest that the development of a larger project may ultimately be warranted.

Wonder who took them up. It was at the same price as the placing so maybe one of the investors who didn't get what they wanted in the fund raise as it was oversubscribed.

Unfortunatly many other goldies are flying so think people are getting bored here and switching until more concrete news

He was adding around 16-17p when it was at its peak

I think from when I spoken recently with cora that they are very impressed with drilling results and the extension of sanankoro at depth. Reckon they will go straight to 100,000 ounce producer. Gold fields spent over $10M drilling on sanankoro and cora have put in at least another $6M with a further £2M raise today. And still a market cap of just £7.8M crazy.

The longer we are here the better. As they develop the asset/mine we will become higher valued. Management have chosen not to drill every target and chase every ounce in the land we hold. Instead concentrate on the best asset (sanankoro) and develop that straight into production. Part of the profits then can go into further exploration which then stops dilution/cash raise which the big holders here wouldn't want all the time.
And the 1-2 million ounce exploration target is just on sanankoro to a depth of 100m, now we know it's deeper, it opens that up to 2+ million ounces. And we still have all the other drill targets on top of that.

Hard to say. Hummingbird have the best chance of taking over cora as they hold 18%. However cora are fast tracking to production and I don't think they will have any problem with future financing due to the large holders here and the great assets they hold. I have spoken with the management and they are deciding which route to go down with the mine. 50,000 ounces a year or straight to 100,000 ounces. The quicker we can hit the big numbers the larger market will reward us, and the mid tier companies like to take over 100k+ producers

And the other one

https://www.ft.com/content/0bbd24ce-b3aa-11e9-bec9-fdcab53d6959