Member Info for tony_currie

Land dispute update - no big deal!

"For reference, out of a total area of 593 hectares within the Project's concession, the areas that are being disputed by the Baldios Commission occupy approximately 8 hectares, or circa 1.4% of the total area of the Project."

@Fourprinces - how much gas is there?

HL are okay - which broker are you with?

Out of the blue we got the RNS that we already had 400 barrels out of the ground. Saltfleetby will be the same - when it comes it will be a massive positive story.

GL has turned this company round from the mess he inherited, its not been a perfect project (which project ever is) with countless delays but we are in spitting distance of gas production from the first onshore site for 5 years. Patience will be rewarded and attacking GL at every turn is counter productive if you are a geniune shareholder.

The Market hasn't "discovered" CORA yet. Over £1 billion of Gold in the ground open pit, excellent CEO and experienced backers. Additionally Mali has turned a corner politically.

Lionhead have a reputation for discover and sell, buy out from a major predicted by me.

For the first time we have KNOWN timescales. That's what gave Dale the confidence to buy more. I have followed suit and am now at my biggest holding on an AIM share.

Remember the Charlie Munger saying "The big money is not in the buying and selling … but in the waiting"

Yes, frustrating but I bet GL is just as frustrated. He is relying on the electrical engineers to give timescales. They have but over promised to him.

Being a Project Manager myself my only thought is GL has been a bit naïve to believe the dates and not have built in contingency (at least 20%). In all projects it is the testing team that get squeezed and it is generally not their fault the project is delivered late. However this is a hugely complex project with multimillion pounds worth of equipment and it is better to be late and fully tested than delivered on time and inadequately tested.

Remember the words of Charlie Munger "The big money is not in the buying and selling … but in the waiting"

Tygra - for your information GavinB has been correct in predicting the last three RNS's. I think he knows where to look!

So I am very confident an RNS is imminent.

Calculation 50 X 365 X 100 = Roughly £1.8 million gross per annum.

Yes it's Dale Ferguson (CEO). If he doesn't know what a bargain the company is then who does?

Directors deal - purchase of 900,000 shares - they are confident and so am I.

Easy top up for me.

It was always predicted (and expected) that the APA would come back with some tweaks before the EIA was passed. This gives us firm timelines and makes the passing more of a shoe in. SAV also state no impact on declared dates.

What is more of a mystery is David stepping down, could be personnel or retirement. I don't believe he has been pushed as the company is at the precipice of something big.

Burt quietly getting on with it. Cora vastly undervalued!

To be fair Gavin did get the 4th of July RNS prediction right - coincidence or ITK - we shall see.

EUA did not included a resolution in the AGM for permission to issue shares.

This is VERY unusual for a AIM company. It's often included as a just in case. Always been included in previous AGM's this time not included at all, do they know sale is imminent?

01-Jul-22 16:31:32 1.30 1,000,000 Unknown* 13.00k O
01-Jul-22 09:45:21 1.30 6,750,000 Unknown* 87.75k O

The Maths is easy. ANGS is an absolute steal.

July- September = 1.7 million therms at todays price of £1.78 = £3 million
October-December (without side track) .5 million therms = £1 million
Brockham already producing £1 million a year from oil revenue.

Any producing energy company revenue should equate to a 10x Market cap. At Market Cap of £17 million this is a bargain, £50 million is more realistic (without side track). Share price should be at least 4p.

Bert Monro, Chief Executive Officer of Cora, commented, "We are pleased and encouraged by the commitment of Lionhead, acting as lead investor and arranger on behalf of a consortium of investors, in their continued support for Cora and the Sanankoro Gold Project. We look forward to completing the DFS during Q3 2022 and achieving another significant milestone along the path towards developing Sanankoro."

https://www.lse.co.uk/rns/CORA/update-on-us25m-term-sheet-for-sanankoro-project-qtzkhjrvk5hwgoz.html

Thanks for the update on the Nitrogen leak test. I humbly accept I was wrong about the time taken.