Member Info for Zan_TM

Interviews v RNS's is something over the years I have learnt to seperate.

I tend to ignore all interviews in terms of using as as a tool towards my investing decisions, mainly as they are usually hot air, sound bites over anything solid. Over the years I've listened to hundreds of interviews (across different companies) of which most of the stuff either wasn't new or never occured. They tend to just be a PR arm and the hosts are usually baised towards the hostee due to the hostee being there bread and butter and thus its poor journo stuff imo.

However, as non-accountable as they are, they are still interesting to hear as you do get insight from them and lets be honest, who doesn't enjoy hearing positives about the company they part own.

RNS's on the other hand are usually less hyperbole but way more valid in terms of content, that said, they still are a cert that what's in them will come true.

When it comes to longer term investing, esp on small caps, you do have your technicals to help you find a good entry price and your fundementals to help you check the company can succeed, but I think the largest part is just pure conviction. Do you believe the company will come good, yes or no?

I can believe the company will come good (for my pocket) without trusting the CEO and without liking how they do certain things and often I think that point gets missed.

I don't need to trust Robbie, I don't need to like Robbie, I just need him to make me money.

Holne, it happens on every share every day. Its no big drama really, just the way the system works on LSE and many other places.

Every buy or sell is a best guess and sometimes the system gets it wrong. Anyone who has ever had level 2 data will totally get what I mean.

LSE attempts to work out from a trade if it was a buy or sell using things such as if it was above or below the mid point. That's great a lot of the time, but isn't 100% full proof.

Good to see it completed.

I totally agree it was a really poor way to communicate a change of CEO and as a holder I am also left with concerns around any shares PJ may now start selling, however, zero reason for me not to believe the health reasons and I for one hope he or his family is okay.

Health is wealth too.

Same the company couldn't of given him a proper goodbye in terms of CEO role as Power has very much been of his creating, so like him or loth him, I felt his work here should have warrented that.

@Legal. For me, I think (correctly in my view) Gcat are holding off interviews unless something is over the line, as was seen with the 1 mil drawn down.

I would hope this is a case of learning from past mistakes when they were to bullish on news which was still unconfirmed.

At this point in time I can't see to much of an issue with that. Esp given they have stated about doing internal reviews which surrounded comms. Last thing they would want to do is put out iffy RNS comms while reviewing.

In terms of the tweets however, I see no harm in them. I actually enjoy seeing what's occuring. Ovs I'm not going to make any monetry choices based on some pics on a tweet as they always lack details etc, but that doesn't make them pointless.

RNS for your main news. Tweets etc for general not really news, but nice too stuff.

That to me feels a nice happy medium (and I don't mean a smiling mystic Meg)

Thanks SW, will have a ganders

I recon your AISC figures sound about right for the break even part. I'm not as sure on the current AISC part though, not because I don't agree with your logic but more why would they be mining/processing now if at a large loss? Or do you think its more just for the photo ops?

As some insight I feel it may be an audit oversight as Cora's website currently lists them as a holder but its been updated today. I feel sure they weren't listed on the site before but could be wrong.

My research did show them taking up that stake back in 2017 as part of the Hummingbird asset merger.

The CLNs in my view are simply a way to issue shares via a different method at a future point. It is my belief they fully intend to convert them.

If you look at the dates attached to those CLNs we will not be mining any Gold or even have the mine built, hence my conclusion above.

OverallI don't have an issue with that other than the price attached to those CLNs. The term sheet was a real SP killer to me as everyone knew a large section of shares will be issued at a 10% to VWAP at a future point.

Now, everyone knows another large dilution is on route when those CLNs get converted OR if they get pushed back all it does is hang that future 0.57ish (from memory don't quote me) future converted dilution price over the share for longer.

Mali clearly has its issue but it's by no mean an uninvestable area as seen by a Mali Lith explorer getting 100 mil plus finance deal arranged (not drawn down yet) recently.

Yep, different product, different country of origin share holders but if Mali open up Gold mining permits again then it does show hurdles can be overcome.

And that is a fair point JC. I know previous deals hit a wall but purely as an example that consisted of 2 different agreements and so while some might argue things have changed since and others that nothings changed, regardless, we still know Robbie has the capability to arrange multiple deals.

I know some bash active twitter feeds and say "just get or with this or that" but I do like Caracal's informative posts. I'd much rather that than never seeing what's going on.

They have areas to improve on, but in terms of onsite photos etc that's one area they do well and used to do well at too. Its felt like they had moved away from that a little over the last few months, but glad its back.

Lol no mischief intended Mickey, just a genuine thought/ponder.

It is an FCA letter head. No denying that.

Very well spotted. Prospectus come through? Investigation or a decline? Who knows but interesting.

That's not intended as negative either, more just a fact.

End of the day Cora's main shareholders were happy to fund us another 15 plus mil via CLNs in the new fund raise so I'm guessing they don't feel to worried about the mining permit outcomes getting granted.

Here is Cora's reply to me I posted before on here.

"Many thanks for your email below.

Following the award of the Environmental Permit for Sanankoro in October 2022 and completion of the Definitive Feasibility Study ('DFS') in November 2022 Cora’s next step will be to submit an application for a Mining Permit over the Sanankoro area along with a French translated copy of the DFS. Currently the Sanankoro area is covered by Exploration Permits which do not allow for mining activities. As you are aware, on 28 November 2022 the Mali government announced the suspension of issuing new mining permits. Further updates on this will be provided in due course."

Cora isn't exempt. I emailed Cora about this and posted on here a while ago showing reply.

Long story short, Cora can't apply for a mining license for it's project until Mali open up the ministry of mines again. It does have a exploration license though.

AG - Cora are very much at that stage, that's why they are obtaining funding to build the mine. Yes until its built your still exploring but it is pretty standard to get your mining license before you start building work as otherwise you might invest tens of millions to then get turned down.

In our case, we are lucky Cora is still pushing ahead with the build and our backers financed more, fair play to them.

Anyone else can also email the BOD and they will get the same reply about the license.

It's not complete yet. Its conditional.

They still have to pass on the 28th at the GM. Sure, that might be taken as read, but technically until conditions met and drawn down, it's not in the bag 100%

If all does go well though its a decent chunk of the funds sorted. I will be interested to see if the additional 10 mil ish gets subcribed too. If so, we should have about 1/3 of total finance required sorted.

Eager eyes to see how the remaining 2/3's will be raised.

I'm also eagerly awaiting Mali re-opening mining license applications as that's a biggie too although it would appear we plan to start the build work without and thus plenty of time ahead for them to re-open before the build is completed.

I know buddy.

I was just trying to highlight to that poster elsewhere that his assumption that, that stock was being unfairly targeted and others not didn't hold any weight to me, either via usefulness or logic. He used Cora as an example where shareholders aren't bothered about negatives, but I don't see how he came to that judgement as there isn't enough posted here to tell what shareholders think imo.

Thus I felt, he was making up narratives to fit his story.

Totally get that Bankrupty, I own some myself. I was just trying to highlight that you can't really compare any 2 companies, esp using shareholder sentiment from forums, and I was also being a little tongue in cheek, as so many varibles.

Lol. Interesting point though, how would that work if he did ever leave?