Member Info for JamestheBard

Cora was at a certain share price, reflecting it's value. The moratorium was imposed and that value, in terms of share price, drained away. Cora continued to progress Senegal and Mali receiving little reward, by way of share price, because of the Moratorium. The Moratorium drained value and prevented reward for progress.

When was the price forecast done, pre or post moratorium lifting?

Tacking a different approach what is the value of Cora if It had no Mali licenses.

Cash cira £2m and Senegal. Senagal likely immediate sale value plus good potential. Might achieve £7 - £12m as is but add in potential for achieving a full MRE later in the year. Additional progressive drilling of to prove up and Madina Fouble could quickly underpin Cora present MCAP.

https://youtu.be/llnIVE7dKSc?feature=shared

Clearly excited. Senegal alone could support a future journey for Cora from these low levels.

Was discussing Mali with a very senior Bank Executive and specifically mining and we agreed.

1. Mali will want to show the world it's mining code will be professionally and promptly implemented.

2. They will be determined to accelerate timelines to recover revenues during mine disputes and shutdowns.

3 Permits should be in a golden period because having done so much to discourage mining recently they now have to bend over backwards for a "period" to encourage a return of new business investment.

Informal conversation over Sunday lunch of 2 wise men speculating and nothing more.

AI is a useful colleague for me being a Senior Risk Analyst as it can quickly grasp the financial depth and risk profiles instantly. My work on Cora has included altering derisked timelines with accompanying npvs and share prices, challenging for Lassonde curve effects , market sentiment and peer company metrics. Additionally I contend that the moratorium has prevented progress to be fairly price in to this point. AI to humour me has gone through the last 6 years cora RNS to try and establish present fair value if the Moratorium hadn't meant the progress being largely overlooked.

Increased their resource to over 1 million ounces.

• Secured financing to progress toward construction.

• Improved Mali’s political landscape with the moratorium lifted.

A logical assumption is that without the moratorium, the market would have gradually priced in these positives. Reaching or surpassing the previous high of 20p seems conservative, with potential upside toward 25-30p.

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3. Market Sentiment Post-Moratorium:

Since the moratorium was lifted, the price has started moving higher, suggesting investors are beginning to factor in the “catch-up” potential. With a fair value likely closer to 25-30p, there may still be upside from current levels (~5.5p).

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Speculative Conclusion:

Had the permit moratorium not happened, it is plausible that Cora Gold could have traded in the 20-30p range, given their project milestones and gold market conditions. Now that permits can progress, there may still be time for a significant re-rating as the market catches up.

My 2.7M likewise, I even emailed them last week, not a mention. Never mind they paid more than I did for most of mine. They are usually very fair, I think this rapid share price rise caught them out. They normally raise at or above market price because of the high demand for stock. This might be the first time it has been done below market price.

Thought I would test for live quotes. £20k to sell 5.66 immediate. £5k to buy refused. Just a test I'm not selling.

Anyway this will be proved up to usd1500Moz resource with these funds before mine completion, it's in the plan on the website. But they wouldn't have had the funds before this raise. This small raise adds huge value for me here.

Browns does your broker have fill or kill, check it out.

Usual fundraiser dynamics don't apply here. In a fundraise holders sell existing stock to buy it back cheaper in the raise, or stock is purchased cheaply in the raise and sold as quickly as possible at market price to make at profit. Neither applies here

Surprising so a quick return to note that the vital importance of theses funds is that drilling can planned and resumed to prove up the resource even further, open on all sides. Senegal as well.

Just got reply from Cora and one aspect of clarity within is that the partial lifting of the moratorium DOES allow Cora to apply for a mining permit when they reach that stage. Rude not to share that.

One final point from me is that this known resource is open on all sides. So there is more drilling to be done to prove up this resource even further, not likely this side of permitting, but maybe duringplanning/ building. Target areas could have this a USD 4.5bn still open b4 mine completed. This all hypes b4 reality of 1 year at a time steady state production as the mine opens. May be back at some point, for now good luck

Likely to pay a dividend, or they will massively expand into the other permit areas with those funds. Off top of my head 30km of area and they have only explored 6km. They have identified area to drill and in presetations students are describing these areas as, well, there is a lot more gold but Cora can't talk about it because they haven't drilled it yet. Also think they are excited about Senegal results so far so they might want to fund that before a dividend. So you don't have to stay in, you can get back in depending what they do next and what the country risk for Mali looks like. If you just want a safe divi UKW my choice.

Sticktow, mining investment has been much puzzled over. The euphoria and excitement is where the money is often made, those who wait for the material to come out out the ground expecting the SP to rise often get much less. So it is very likely the money will be made when people get too hyped at some point, from now through the process. This sometimes pumps the price significantly above the eventual end point.....double.. triple it all depends on how hyped it all gets. It is all very well studied and written about. I'm 2M shares here but they are hard to get, otherwise I'd be higher. I can't give share prices for you because there is £20M dilution to come when mining permit arrives via the shareholder part to go with the £70M financed part. In my conservative analysis £250MMCAP+ so even if the £20M dilution tomorrow to £40MMCAP, still get circa 6x present SP on steady state production. However this is my point, modelling srongly suggests that the hype and euphoria may push the price at some point before that beyond reason. I'm really only on here while it's taking so long to build up my holding as nobody on here has any sign of having my answers I have taken to emailing Cora direct. I won't be on here for long though just don't want those I've been reading thinking it's all about waiting for the gold to come out of the ground. Time the top of the euphoria if you can for your original investment at least.

The speculators and chartists could move this much higher than fundamentals support and this frequently happens before a mine finally reaches it's steady state production share price. Likewise a mines share price will frequently lag it's progress until it's accounts and dividends catch up. Personally I favour speculators driving this price for a while at some point. If they do my tip is condider selling a few if the price becomes detached from reality, lets hope so.

Funding for build is already agreed, everything is ready to go, just awaiting permits. If I recall even the build year gets 40000oz.

Once some project specific news breaks and news travels of the size of the immediate reserve, ease of mining, local infrastructure and untapped remaining license area being described locally as "Elephant". Investors will be rushing to catch up with the pace. This is still mostly under the radar and a few good write ups on release of the new DFS explaing the project and the stampede for stock could cause a price reaction disproportionate to the actual news because of the massive demand and no supply.

Automated quotes to buy very difficult today £5k top up needed 3 deals!

Essentially the partial lifting seems to mean to says is if you are already here doing business with us you may now continue as usual under the new code. If you are NEW and want a new mining permit of any sort or want to come and purchase an existing one, then Mali is not yet open for your business.

Been accumulating heavily at these levels and as holding now 0.5% of FUM, it has been advised of necessity to withdraw from this chat board. So good luck all.

Picked up my last £6k today, so have a very significant holding now and sit back and wait for news flow and speculators to latch onto £3bn resource basically sitting on the surface and a £20m MCAP which should rapidly close in on £350M - £600M.