Member Info for smudge104

Agreed coggy, to be fair I paid .83 over for the size and T20 settlement, had to do T20 shuffling funds to buy them in

Yep, got it, had to call my broker it was dealt by peel hunt bunch of …..
Deliberate tomfoolery shouldn’t be allowed, onwards and upwards, I’ve now changed my view here sitting on 500k, initially was looking to trade it until I did some research, quite a compelling story, and indeed could be worth many multiples of today’s price, will buy the dips! Divis on the way to boot

Where’s my 100k at 31.83???? Going to phone my broker and see what they say

Yep, I saw that, I would imagine they will drop it in somewhere n Monday, it’s 10 xs NMS so they can delay it, it’s an odd price so will be easily picked out, my guess is when this rises monday the will drop it in too make it look like a sale, normal mm games

I thought the overhang cleared yesterday, seems there was a little more stock available, today I think the overhang has finally cleared, topped up 100k at a premium of 31.83, paying .83 for size and settlement, strongest indication no stock around

Shore cap moved up we go expecting 33 today

I think the overhang is about to clear here from the recent 1.7 million sell @27p level 2 turned mostly blue with just shore cap on the offer at 30p, break shore cap and up we go

TURNER POPE

a further
boost to the project’s economics.
Further TPI Update to Follow
Following the completion of this substantial mineral resource upgrade we will further
assess the JORC report and potentially assess the value of the Sanankoro Gold Project,
based on its current development stage.

Cora Gold Limited
Cora Gold has completed a substantial upgrade to its mineral resource estimate for the
Sanankoro Gold Project, located in Southern Mali, which is likely to feed into the
upcoming definitive feasibility study. The new total JORC 2012 mineral resource
estimate has increased the gold inventory by over 200% to 809,300 ounces of gold, at a
grade of 1.15g/t Au. Importantly, not only is this resource estimate pit constrained, over
77% is located with the oxide zone and 22% in the transition zone (Figure 1), and
recoveries have previously been shown to be above 95%, making the gold
mineralisation open-pittable, free-digging with high-recoveries. All of these positive
features bode well for the potential economics of the operation to be accessed in the
upcoming definitive feasibility study.

High-proportion of the Resource in the Indicated Category
Around 67% of the resource estimate is in the higher indicated category (Figure 2) and
is more likely to convert to reserves on completion of the definitive feasibility study.
Reserves tend to have a higher value placed on them by both investors and other
acquisitive mining companies.
Current Resource Estimate Unlikely to be Definitive
The current mineral resource estimate comes from drilling conducted to maximum
depth of between 120 and 180 metres below the surface. Gold mineralisation remains
open at depth, offering significant potential to add additional sulphide ounces with
further deeper drilling. In addition to the depth potential, Cora also has significant
potential to add supplementary oxide and transition ounces along strike, having only
drilled along a surface expression of 7.5km of the total prospective strike length of the
33km long exploration target. This exploration target is for up to 2 million ounces of
gold, located within 100 metres of the surface. Cora has also discovered multiple highgrade shoots within the deposit that offer the potential for higher-grade production
during the mine’s early years.
Definitive Feasibility Study just Around the Corner
Cora is anticipating completing its definitive feasibility study for the project in H122.
To have another important milestone for Cora, in such a short space of time is an
exciting development for investors in the Company.
Definitive Feasibility Study to Build on the Jan-20 Scoping Study
The January 2020 scoping study for the Sanankoro Gold Project, returned a NPV8 of
US$30.9 million and an IRR of 84%. This study was based on mineral resource estimate
of 265,000 ounces of gold. With a much larger inventory we anticipate significant
changes to the project’s economics in the definitive feasibility study. In addition, the
scoping study was completed at a gold price of US$1,400/oz; the majority of recently
completed economic studies we have observed have been prepared using a gold price
between US$1,600/oz and US$1,700/oz. Using a higher gold price would offer

Great set of results crude calf’s I know but that’s 1.5 billion $ of gold for a company valued currently at £30 million, sure fincap will put a 40 p plus note out, I would guess this will follow shortly

Thanks for posting, all looking good from here

I agree djryan, looking closer though, Grl has commissioned and built an elution room on site, no mean feat, It took time and money to do this a fair chunk of cash, yes there is gold pour and money on the horizon, but hard cash in the bank gives you options, of which Grl just opened a very exciting one by drilling akrokeri, they also will be increasing there acreage at homase where there is mineable shallow gold aisc of under $700 it’s looking better and better by the day, the icing on the cake will be first pour, then we will be at the races once more

Gold price 1,861.40 with the increase in pog since last month, with just the $100 an oz increase on 2000 ozs is enough to nearly pay off October’s payment, that’s just the increase alone, shows how much more cash generative we get as the pog rises and with worldwide inflation starting to bite, gold is going one way

Agreed djryan, also going to throw it out there, when this turns blue today all those 8 million shares will have been absorbed in to the market, anyone else wondered why all these big buys recently haven’t budged the share price, coincidently since the volume increased last Monday over 8 million shares have been traded hhmmmmm

Agreed djryan, also going to throw it out there, when this turns blue today all those 8 million shares will have been absorbed in to the market, anyone else wondered why all these big buys recently haven’t budged the share price, coincidently since the volume increased last Monday over 8 million shares have been traded hhmmmmm

Fund,not lend which is even better, no high coupon or interest charges just pure cash

That new institutional investor has done there due diligence and are happy to lend at a small discount, that says it all, they would be privy to far more info than the mere PI, bring on that yellow stuff

A new institutional investor…nice…and at a small discount

I don’t think any dip is going to last very long oday, too many people will look to get a few cheap shares today