Member Info for smudge104

Gold is flying with no let up as central banks around the world ditch the dollar and bonds and opt for gold, this will last a few years imo, the market hates uncertainty, with trump in charge for the next 3 years at least, plenty of that in the offing.

Think we will trend to double figures in the next few weeks and if we can get the permit signed then god only knows what the sp will be, rather be in it now than trying to scrape a few crumbs when the permit arrives

All good and valid points, we’re all looking from the outside in, best let Cora deal with the detail, they’ve done a great job thus far, have secured plant funding, got us to the front of the permit queue, are fast updating DFS, opening up another avenue in Senegal with promising results already, appointed Adam Davidson as non executive (strong cv) one of the best run companies on aim,

Great to see more discussion here

Remember they may own some of Cora, but we only pay them when we pay dividends, tax is tax and will be accounted differently

Hi AG

Pretty standard stuff, what we need to keep in mind is we give the Malian goveRment a % for the right to mine, that’s fair enough, then they have a right to buy a % that’s BUY, so 20% at current market cap is 6 million quid, takes any funding issues out the way, same with the 5% to local business you may or may not get an investor or group of, but would bring a further £1.5 million at current mcap, then we have to factor in the price and rise of gold, permits etc etc, the figures are still massively positive

The new mining permits are being based on 12 years renewable for 10 years, the old permits were 3 years renewable for 3 years, this gives Cora much clearer stronger visibility going forward

Gold over $3300

Buying today up to 500k

Toubani resources got their permit in 2 weeks from the 15th, confident we will get ours soon….

Https://www.miningreview.com/gold/mali-partially-lifts-mining-permit-moratorium/

Worth a read, also came across this, heard it a few times now, moratorium partly lifted 1 month ago today, any time soon and we will get that rns

Mali typically takes about 30 days to issue mining permits after the required documentation is submitted. However, this process can be subject to administrative delays. In some cases, licenses have been issued more quickly, raising questions about the process.

An interesting note about Mali, Timbuktu is in Mali

It is said that the worlds richest man ever, came from Mali, it’s reported that in todays wealth he would be worth between 400 and a trillion dollars. He controlled all the gold and salt that was mined there in the 15th century

I thought it was really good also, seems like the geology for Mali is really strong all over for gold.

Taking into account the moratorium on gold for the last few years, it’s interesting to note that revenue for Mali government has increased in 2024 by 52.5% no one is telling me that the Malian government will be bringing mines and signing permits it the not too distant.

https://www.mining.com/web/mali-state-gold-mining-revenue-jumps-52-5-in-2024/

Seemed like a lot more buys than sells today?

Anyone with questions or doubts about just how gold rich Mali is, and the positioning of the sanonkoro area this is a MUST read

https://investingnews.com/gold-mining-southern-mali/

AG, I don’t see too much in the way of dilution before mine construction, And given the numbers on the original Dfs against the potential new dfs, Cora is going to be throwing off cash all over the shop. I genuinely couldn’t think off a better investment stock anywhere at the moment, it’s one of those stocks that you want to keep holding……one day this will no longer be under the radar, and being tightly held at some point it’s gonna blow!,

Well it would have been rude to just leave 50k on the offer, so snaffled them up

1 left at 6.5 next on the offer 7p

Nice start to the day, record gold price, what will the sp be on permit day, my guess 20p any other guesses?

Bit of suppression so far this week, 705000 buys vs 213000 sells, not long before it makes off again

Very confident here, if you’ve seen the twitter releases from Bert recently watch for the wry smile on further news to come on permits, kind of reminds me of PAF, wish I was still holding those…permits are the catalyst here, don’t think we will have too long to wait, Bert in country as we speak, meeting with senior holders and government officials, bring it on, gold on the rise again with all the uncertainty

Level 2 is now 4 vs 1 next up 7p

Wow that’s 2 weeks since lifting the moratorium, for sure we will be joining them shortly

Hoping to see 7p on the offer today, currently 6 v 5