The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Really good to see the first hole finally completed. Also the unplanned second hole seems very encouraging… The warrants news is also very positive IMO.
Roll on the assay results with a potential JV to follow. IMO that’s when we will finally see the share price movement we are all waiting for…
This should (and I say should) see us moving in the right direction today.
Confirmation of multiple intersections of mineralisation from both holes.
Ongoing discussions with added majors with a view to partner to be resumed.
The whole tone of that RNS sounds nothing but positive, we just have to keep everything crossed that those assays deliver what we have all been waiting for.
Come on Tectonic!!
Subscribers under the September 2020 fundraising received a warrant on a
one-for-one basis whereby each warrant entitled the holder to subscribe for a
new Ordinary share at 1.4p per share at any time prior to the expiry of 30 days
after the Company publishes the results of its drilling programme (the "Drill
Warrants"). These expire 30 November 2022. The Company recognises that these
warrants are out of the money, however as there is no current need for
liquidity, the warrants will not be extended.
COMPLETION OF DRILLING AND DRILL WARRANT NOTICE
Tectonic Gold plc (TDIM: TTAU), the Intrusive related Gold System exploration
company, is pleased to announce completion of the drilling campaign at the
Specimen Hill project in Queensland, Australia.
Highlights:
* 350m deep diamond core below Goldsmith's Reef completed, intersecting
bullseye geophysical target below high-grade historic mine.
* Ideal conditions enabled a second 180m deep hole to be completed
intersecting an adjacent geophysical target.
* Selected mineralised core samples were split and prepared on site for
assay, prior to demobilisation.
* Assays pending.
* Joint venture discussions to be pursued.
* Tectonic will be participating in the VSA Capital - Aquis Investor Showcase
29th November.
Dangerous weather forced our Goldsmiths Reef campaign to be suspended in
January 2022. At the time we were completing a critical final hole in the
campaign, but had less than 200m of a planned 350m deep hole Drilled.
Mineralisation in the last ten meters returned assays of up to 8.17g.t Au in
narrow 1m wide veins which we were eager to follow up on.
Goldsmith's Reef is a high-grade historic mine that was in small scale
operation prior to World War I. Tectonic used advanced geophysical surveillance
technology to map the depth extension of the known mineralisation at surface,
This identified a potential source zone for the gold. The 350m deep hole was
designed to intersect the extension of the mineralised zone below the old
workings and test the potential source zone.
Geophysical testing also identified a secondary proximal target at 180m depth.
With ideal drilling conditions over the last few weeks, we were able to drill
and test this second zone as well.
In-field geological analysis has confirmed multiple intersections of
mineralisation from these two holes and sample lengths of core have already
been prepared for assay. Results will be reported as soon as possible, subject
to laboratory testing availability.
The Company expects to have sufficient information from the completion of this
campaign to support joint venture discussions for the further development of
the Specimen Hill project. During the last two drilling campaigns the Company
hosted a number of large gold producers on site and shared technical with a
view to partnering on the development of Specimen Hill. These discussions will
be renewed with additional potential partners also invited to look at the
upgraded technical information package. Progress will be reported when
appropriate.
HH1AN2
The current state of play regarding where we are at and why it has taken this amount of time is publically documented, as is the potential of the asset and the future prospects, so with that in mind, you can only decide for yourself whether you consider it worth waiting for.
After so many years in this and the graphine venture before .when are we going to see some payback
What do you want to know?
Anything significant happening
Andrew Monk sounding rather frustrated at the lack of recognition Tectnic are currently receiving. Says it all really.
https://soundcloud.com/user-596578261/5mmm-20221116-085308-meeting-recording?utm_source=twitter.com&utm_campaign=wtshare&utm_medium=widget&utm_content=https%253A%252F%252Fsoundcloud.com%252Fuser-596578261%252F5mmm-20221116-085308-meeting-recording
We will have in-field geological analysis completed in time for the VSA Capital - Aquis Investor Showcase on the 29th of November and look forward to sharing the news then. Please join us via the link below.”
https://www.eventbrite.co.uk/e/the-vsa-capital-aquis-showcase-event-tickets-430890363677
This link to our website will take you to our gallery and a picture of our diamond rig arriving on site at the Specimen Hill project to complete the campaign suspended due to storms and flooding in Queensland in January 2022
https://www.tectonicgold.com/gallery-3?pgid=ks8lm863-7329420f-196e-4bea-8c22-eb68c243645a
This link is to a picture of the rig in action coring a hole below Goldsmith’s Reef targeting a geophysical bullseye anomaly at circa 250m depth.
https://www.tectonicgold.com/gallery-3?pgid=ks8lm863-6b0a0f3e-fffc-4e35-b9a7-85d4f11f94bc
Tectonic Gold plc (TDIM: TTAU), the Intrusive Related Gold System (“IRGS”) explorer, is pleased to report the recommencement of drilling at the Company’s flagship Specimen Hill project in Queensland, Australia, on the high grade Goldsmiths Reef mine.
Highlights:
350m deep diamond core at Goldsmith’s Reef to be completed, targeting bullseye geophysical target below high-grade historic mine.
Assays returned grades of 8.17g/t Au over 1m in distal veins in the last ten meters before the hole was suspended due to bad weather
The primary target zone is at 200m+
Expect to complete drilling in two weeks with assays reported shortly thereafter
Will provide further updates at the VSA Capital – Aquis Investor Showcase on 29th November.
Mr. Brett Boynton, Managing Director – Tectonic Gold Plc
“Field reconnaissance during September confirmed the ground conditions were suitable to remobilise, however a general shortage of rigs delayed our restart until earlier this week. We began drilling yesterday and with a week of good weather forecast we expect to complete this final hole left over from the 2021 campaign and have samples off to the lab for assay in the next two weeks.
This is an exciting hole for the Company as we are chasing the extension of a known high-grade system that has been mined close to surface. The intersection of narrow, high-grade, veins just before we were forced to suspend the campaign is very encouraging. These veins are presenting at about 110m, well before the target zone and we hope to see convergence of these distal veins as we close in on the target zone.
This is a relatively quick campaign and we expect to have assays back within weeks of the completion.
These results will fill out our data package for discussions with potential joint venture partners and the recent corporate activity on the gold sector is encouraging.
https://www.londonstockexchange.com/news-article/market-news/remobilisation-drilling-update/15717314
Just bought another 400,000 irrelevant of how it shows up.
Janalan, Hopefully you realise that virtually all of the interviews are staged and scripted, and that the interviewer is hardly an interrogator.... as they are getting paid by the interviewee. The only exception I've ever found to this is Matt from C-R-U-X who appears to genuinely probe and question and try to find the rationale to invest and the risks why not to invest. Or perhaps he's a far cleverer interviewer who's still staged and paid.... but is a far better actor than the others.
The best opportunity to watch interviewers is to go to a company meeting and listen to other investors posing questions. The problem with the online version is that the companies can choose not to answer a question and you don't actually see which questions they don't answer (we can only see our own questions not other peoples). My own experience is that I've had quite a number of questions not answered in those online meetings.... and that's told me a great deal about the company and on some driven me to immediately sell. I also email a number of CEOs and ask questions directly. They of course can't tell me anything that's not in the public domain but one can always read between the lines on their answers and again it's very useful to sift the wheat from the chaff.
I consider TTAU completely overlooked by the market both for its 40% diamond/HMS holding and its gold prospecting. The market hasn't factored in that 3/4 of that 40% which will be gradually sold as diamonds are sold (which means money for TTAU), as well as the returns we will see from the 10% non-diluting carry will support the rest of the business through ongoing cashflow.
One tidbit that I took from the interview was the fact that the diamonds are not industrial-grade but jewellery-grade. I read in the Align KZG report that the marine diamonds are 30-40% larger than the land diamonds so given the buoyant and resilient market for diamonds and "fashion" in the East to copy the West (i.e. to buy engagement rings) even in a European recession this should continue unabated.
Where is any of that factored in to the current TTAU share price?
to start delivering imo.
Janalan,
Your postulation appears to imply that the actions of a “very expectant interviewer” should be of a greater consideration to investors than the trust of the two incumbent CEOs of Kazera & Tectonic and their respective regulatory company updates and recent interviews. Not saying that you view/opinion is wrong, just find it a bizarre lens on investing.
Did anybody notice that a very expectant interviewer, standing poised with pen and notepad in hand, asked all the right questions and then gave the impression of eagerly taking note of significant impressive responses, when actually he made just a couple of irrelevant squiggles, which became evident when the empty page came into view on the camera. I'm invested here as a by product of the previous debacle, so not quite sure what I'm trying to get across. Just that both Dennis Edmonds and Brett Boynton seem to talk a very good fight, or are they just postering. Hope to be proved dismally ill informed and that they are both world heavyweight champs!!
https://www.youtube.com/watch?v=6IMhEFKgqH8&ab_channel=StockBox
Good luck, been waiting years for some decent share movement
Just for the record, that 600,000 was mine and it was a BUY.!!
https://twitter.com/tectonic_gold/status/1581934855226789888?s=20&t=VzMjzKf3_f3Z-CiNHMC8dg
It's a big week Boogles, we should know pretty soon after the drilling (and I'm going to be positive here) which of the majors is getting in on the act and for how much for, so let's hope your weather forecast rings true.
Good luck to all invested here, the potential is huge.
The weather over in Australia is looking pretty good for next week. Fingers firmly crossed that they can finally complete this round of drilling, as planned, and rapidly progress to the next phase…
https://twitter.com/tectonic_gold/status/1575070071587733504?t=5FlZsCBO8sVKBiDQpRtX-w&s=19