Member Info for Zan_TM

Good addition @Chattty.

@Legal, yes there is tons out their. To many to list really. Just be wary of rabbit holes when googling.

A good basic overview written in straight forward speak is the below, however it doesn't concern itself with any theories around the more devious elements.
https://www.investopedia.com/terms/m/marketmaker.asp

From there though worlds your oyster. For a far more "I dont trust MMs" point of view the below might be of use.

https://stockcharts.com/articles/tradingplaces/2021/01/this-is-how-market-makers-stea-686.html

Alternatively, if your ever bored come join the discord Im part of which isnt about just 1 stock but rather home to balanced, insightful deep dives into all areas. Aka its a due diligence hub. Only real rule is no advertising and no name calling. As an entity though it doesn't require high membership numbers as no one profits from its existance, so only join if you think its for you.

https://discord.gg/4PVK5kczZt

@Legal. The MM question is imo an area which often gets confused. The result being every drop gets blamed on a MM and every rise is because the companies great.

MM's provide liquidity to the market. IF they held onto the shares then they would indeed become the biggest holder, but by and large they don't.

They make their money via the spread, and in turn are required to buy and sell shares regardless of what is occuring (however in times of great turmoil they do go missing and stop that process, even though technicially they shouldn't).

Almost all transcations via MM's is automatic and dealt with by a computer. Its the most effective way to deal with both the numbers and costs involved.

A great example is a different junior gold company we know of in West Africia, generally only has about 5 trades a day made on it. The idea a real person takes those orders via phone and moves the market around all so they can gain about £50 from that days spread (in that low volume companys case) just wouldn't work.

So as a general, most drops, like most rises aren't MMs playing with the price. They can and certainly do at times, but not 3 times a day on a minnow of a stock.

The area becomes greyer however when orders need filling. Level 2 can be manipulated to make data appear in a certain way by inserting and removing orders (Ive over simplified that statement). It happens. If a large order does need filling then it's not unsually for the MM's to move the spreads and size of to change the likihood of individuals buying or selling with the aim of them picking up more shares for their large buyer without raising the price on route. Likewise stop hunting as it can be known does happen. Again though, MM's and the computer programmes they use aren't about taking big risky gambles. They have very strict risk managements in place and are designed to hold the shares for as little a time as possible.

Its a very complex area, one which is worth studying in detail but also one which is prob the most commonly misrepresented area in stocks. It's def shady but also vital as without them we would struggle to trade as we do today.

Not long now till the AGM which I feel will clear up (for better or worse) a lot of investor questions.

I'm not expecting miracles from Q3 or Q4 updates but I am looking forward to just seeing the numbers as it feels so long since we last has a true grasp on that, esp for Q4.

Credit where its due, Q4 is pretty quickly being released compared to previous releases.

Granted Watcher trusting a total strangers viewpoint wouldnt be sound advice but I don't agree that everyone on here is only looking out for number 1.

I do think that even those super positive, start name slinging or get personal types on here whenever someone posts a concern are in the main part, not pushing an agenda to keep the price high but rather just holders who believe so much that for right or wrong, they can't see how anyone else can't see things like they do.

Same applies for the over negative types. Again in part I don't think they are driven by any agenda to drop the price, but mainly just see a query and want others thoughts on it as they enjoy the debate as it helps them learn.

Yes, you get the odd 1 post wonder like we have had of late, and yes, I def wouldn't buy or sell stocks based on a strangers point of view but in many ways those points are far more valueable than the like of Zak M who investors do buy in off, forget that dude is paid by said company to waz lyricial about them so all info, including naming in some top 10 of the year list, is as biased as you will ever see.

At least here, other posters questions make you do more research either to confirm or deny what they have written and that in turn improves your own knowledge.

Not sure I'm at the stage of using someone else's dreams which don't overly sound anything like a stock to be used as a part of my investing strategy just yet, however I would like to put in an order of whatever they take just before bed as it sounds epic.

While I do agree that Robbie hasn't managed the company as fit as it should have been over last 6 months, I feel at this point in time the company needs some stability and getting rid of the CEO, right after the chairman would only rock the boat further.

The errors have been well documented on here however to assit with settling investors nerves I think the Q3/Q4 updates need to cover indepth the operational position the company is in, including the status of those CLNs.

Ive seen talk on here about just switch off upgrades and go back to producing more for a bit but I don't think the option is as black or white as that. It is my understanding, and I could be wrong, that in order to upgrade, existing itens get taken apart and thus returning isn't just a case of flipping a switch.

For the company to admit its mistakes and move on, it needs to provide clarity. This is not the time for vague answers.

Maybe against the grain, but if Robbie can show he has learn't from this then going forward we will be stronger.

I'm not so sure it does. You need to remember POWER has no real source of income so every drill, soil grab etc requires a raise. This is POWs biggest problem at present, in that, the route to income appears far off still.

Maybe Tati will provide a solution to that problem as its near surface Gold close to a processing plant, thus prob of all our assests the one which has the most potential to provide the company with revenues within the next few years.

That rev is vital to allow the other areas to comr into their own. The IPOs are a great model, but most will lock in for several years thus no way of releasing any capital soon.

With all that in mind, working towards getting Tati to a place it can start creating capital may well be a sign some of the projects are good and thus will require future drills too, maybe Tati will pay for those.

Zak is usually paid by the companies he promotes so not that balanced either.

That article is by Tom Winni, who is well known to focus on negatives almost intensively. Not saying some of the points won't be correct, some might, but I would suggest the article is likely to not be very balanced.

Honestly, I doubt they are paid or even a shorter or want a cheaper buy in price as many seem to think.

Most likely, they are having fun (for them) winding up the super positive types and probably as some sort of pay back for having their original account banned or something.

I think its the 1 same troll Onlyoneshareme using multiple accounts.

@Suggins,

Schrodinger's Gold Mine - That was a genuis reply and deserved a lot more than 2 upvotes.

I salute you Sir.

Your welcome about the post elsewhere. Only what I saw as the truth. Been a little toxic over there of late imo, but I do appreciate that the recent drop there prob has a few stressed out.

Back to CORA, yes the general business as usual has mainly applied to existing operating miners although some Lith non operationals such as Leo Lith and Kodal are expressing viewpoints that the troubles aren't affecting them to much.

The big difference with Cora to them (minus the mineral type lol) is that their mining permits are already approved.

BM had I believe left funding timeframes open ended. From a risk point of view I can't see a big chunk being removed until funding is signed and sealed. As seen elsewhere talk is cheap.

In terms of control, Mali does appear to be moving towards the BRICS countries from a previous French connection. If this also translates into who will invest there feels somewhat unknown, but certainly in today's climate the strong Wagner Group presense within Mali can't be that positive for western backers who are scared to touch anything remotely Russian for fear of bad PR.

I still think this will work out. As far as CEO's go, BM appears well placed to me, but I am expected a little delay here.

Right now, its all about securing that funding. Thats the game changer and will make or break the SP action for the next 12 months I reckon.

Well 2024 wasn't the original intended date. Casting my mind back a little now so don't quote me, but when they coup'd the sort of elected leader (who they put in ironically from their coup a few years before lol, so it was a coup within a coup if you will), they stated that they planned to return to democracy as soon as possible and hopefully within the year.

I will never really know what changed or if that was always a lie or if they felt the problems were bigger than expected but that within a year quickly changed to in 5 years. Regionally there was some ego's clashing here a bit with neighbours demanding now and Mali almost extending the time each time they requested a return to democracy. Sanctions were then imposed by ECOWAS which isn't all their neighbours but a big bunch of them. Lots of back and forthes, all very messy, then they budged and reduced the 5 years to 2024. ECOWAS sort of accepted and sanctions have eased.

So yea its messy, but where isn't? Europe has SAV mine but the locals are forever stopping it progressing due to a nimby situation, rightly or wrongly.

Mali of course is higher risk on the risk scale, but so far big companys haven't had an issue. A sceptic might say it's easier to get jobs done in brown enveloping happy countries, who knows.

Funding wise, you are spot on. Lionhead is only one part of it. About a third, even then, not a full third as Cora's holder may get offered the chance to buy in as you already know. The remaining 2 thirds, will need to be from elsewhere and if that was Eastern money, as you put it, it would prob not do any harm.

Thank you ID, appreciated.

On the subject of positives, you also have the possibility that the 3 mil can start / continue the upgrade works required while new funding is being arranged, which would then feed into the works as it comes in, thus reducing the amount of possible delays to the targeted schedules.

As far as I'm concerned I think posts by those who can accept, see and discuss both the joys and concerns around the company are likely to be the most helpful.

LSE gets a lot of stick, but it's strength is that it does allow both sides of the coin. The problem shareholder run groups can suffer from (and Im not saying this is the TG group as it might not) is that they control the narative and decide who is "deramping". It becomes very one sided very quickly. Strangely, if someone posts positives, that is normal and not agenda based, yet anything less positive gets deamed to be "agenda driven". Very quickly a echo chamber gets created and those left all have the same view that anyone concerned must be a shorter, which is a bizzare idea really.

Legal Wolf is prob one of the most balanced posters I've seen around, yet on here a select number have attempted to discredit his/her views by calling them a deramper or agenda driven. Maybe that's counter productive though as the hounding out actually appears more agenda driven, even though I'm sure it's not intended to be as is just a case of a holder not liking a different viewpoint.

Having different points of view is healthy and helpful.

Captain 1 post who keeps popping up isn't but thats very different to long term posters expressing what they feel are real concerns.

And no, the answer, go email the company, doesn't cut it as if any thought has to be emailed to the company instead of discussed, what is the point of anyone posting anything at all on here, on TG or anywhere else? Be that positive or negative.

It would be great for less snipping and more debate on here as that debate helps improve knowledge.

Hey Legal, in terms of the political situation I don't think that is as big a concern as made out. I own stocks in other Mali based companies and so far it hasn't stopped anything. Mali is still Africas 4th largest Gold producer with some giants mining there such as Barrick etc. They have mined all the way through the troubles pretty straight forwardly.

Note, when I say not as big an issue, it would be foolish to pretend it doesn't present a risk as clearly it does.

The return to democracy timeline of 2024 isn't actually a delay, its been brought forward as was 5 years off however they have been put under a lot of regional pressure to bring that date forward and so moved to 2024. It must be noted though that could easily slip nearer the time.

I never felt Lionhead was a risk myself mainly due to the family ties with Cora (Coras largest holder via Brookstone trusts and venture trusts to a tune of over 30% of Coras shares is Paul Quirk + Father). Paul Quirk is also the co founder of Lionhead so Coras funding fate is to linked to go elsewhere imo. For Paul Quirk to seek funding from a different source other than Lionhead wouldn't make as much sense.

Lionhead stand to gain handsomely from any deal due to the interest etc set out with the terms.

Until Mali open up to permitting new licenses again though I can't see any deal or much news coming in.

10km as you say isn't a massive amount of distance depending on the terrain.

If acceptable, it would reduce the cost to operations significantly as you are then piggy backing of Hummingbirds plant, paying a processing fee. Does that Yanfolila plant have the spare cap to process some of ours from Telg? I know it can do 1.4 mtpa but honestly not researched into how much they are using up with own ore right now. Could be an interesting prospect.

In terms of the Mali Ministry of Mines. Zero evidence, but my hope is its just an internal reshuffle and will be back to business as usual soon. They shut up shop end if Nov so hopefully not much longer.

100% agreed on how the drilling campaign was done. It was exceptional in terms of both metres but also management. I would go as far as to say still the best orgainised drill to assay programme I've seen in years.

In terms of other permits. I do agree with your sentiments. The only sticking point I can forsee is if the company feel they can justify the risk of further drill investment within Mali while the uncertainty still exists on if Mali will open up to mining licenses again and when.

That might seem a small detail, but Mali openly stated it wanted to move towards making more Mali Gold mines 100% goverment owned. Now, that may not happen. It might not affect Cora either, but it still provides a risk, esp when you take into account Wagner groups records elsewhere of being paid in mines for helping countries out.

Of course, the current no new licenses until further notice statement from Mali, but just be a case of reshuffling internal affairs and be back open soon, but until we know more as a hedged risk, might it not be more benifical to focus some drilling (cashflow dependent) towards the Senagal based permits.

Hey AG, I hope your well mate. Happy New Year.

Some of the explore permits certainly look promising. In terms of current delays, I did email the company about the mining license situation and they responded this morning.

To shorten. At present Sanankoro has an exploration license only. It has completed the paperwork and is ready to apply to the Mali ministry of mines for a mining permit, which would then allow us to progress towards building and mining the area, however, as I'm sure you are aware, Mali has put on hold approving any new mining licenses for Gold companies. This includes for Cora.

I expect that reason will be the cause for delays with the termsheet signing, or at least create extra conditions for the contract signing, as at this point, there is no known date of when thr goverment will open up approvals again. Could be tomorrow, could be 6 months.

Sadly, that element is out of the companies hands. With it being such an unknown, I'd be suprised for finance to come in until resolved, but happy to be suprised of course.

We can still drill and explore mind during this period as we have permits to do that. To take a positive out of a negative, the delay that the Mali ministry of mines has enforced to mining permit approval, might provide us with time to get those drills to prove up the improved project economics which were presented.