RE: CORA25 Jun 2025 11:26
Cora has been drifting since its recent highs, no further updates regarding the long awaited mining licence. Though Mali has been issuing licences so it could still drop anytime. We are also approaching Q3 and the updated DFS, to include current gold prices, is due for release in Q3.
The longer the wait the more the drift, but if licence drops and updated DFS should give a nice spike and maaaybe some further exploration news in Senegal by year end?
The question of course is where will be the bottom and can you get a good price before news drops? Ah if only I had a crystal ball!
I'd be tempted to buy some near the 6p resistance but hold some back in case it drifts as far as the 5p resistance ***however with very little liquidity and a large spread it may not even be possible to get in at those prices.