Market's view on Cora Gold
Published on April 2024
- A stock watcher noted that the earlier valuation of a mine was £250 million, which could potentially rise to £500 million with higher gold prices; however, the company’s current market capitalisation remains at £8 million.
- A concern was raised that only the Board of Directors seems poised to benefit financially in what appears to be a typical AIM company situation.
- Several stock watchers discussed the likelihood of the company’s assets being reclaimed by Hummingbird Resources for a minimal amount, suggesting a bleak outlook for shareholders with little chance of recovery.
- Comments were made about the ongoing dilution of shares.
- A stock watcher showed optimism about SYME, suggesting it is positioned to perform well.
- There were queries about whether the company’s situation was improving or deteriorating, influenced by factors such as gold prices and potential share dilution.
- Concerns were raised about a significant upcoming share dilution and its potential impact on share prices.
- Discussions were held regarding updates on active and total licenses, which might hint at new licenses being issued.
- A point was made regarding the alignment of Mali’s mining code with regional standards, though this might necessitate a new Definitive Feasibility Study (DFS) for the company.
- A stock watcher highlighted the importance of patience in the market, noting the lack of a licence and full project funding as major issues.