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.
Thanks Maltby2002,
I see that one of their other picks, Kazera, have jumped 36% this morning, off the back of a great RNS. I believe Tectonic hold 20M shares of Kazera, with the option for another 20M.
Good news all round!
Yet another solid endorsement!
An extract:
“ Mr. Brett Boynton, Managing Director – Tectonic Gold Plc
“I am pleased to be participating alongside our warrant holders with their ongoing support of the Company which we announced on the 5th of March. My investment is focused on acquiring 2.5 million issued shares, with an aggregate price of 2p, to tighten the share register for the benefit of all shareholders. Over and above that 27.5% of the September 2020 options allocated to me have been exercised. Please remember, our Board have not taken any cash remuneration from the Company or sold a single share to date. We remain fully committed to the success of Tectonic for all of our shareholders.””
Totally agree with the comments made by posters today! The warrants being flipped is yet another great endorsement of what’s happening here!!
“Indicative demand from warrant holders of approximately £500,000
Fully funds next phase of technical program
Appointment of Geos Mining mineral consultants to conduct independent modelling
500+ pre screened samples to be sent for immediate copper and gold assay
Drilling program at Specimen Hill to resume targeting high grade “Southern Copper” discovery”
Very solid progress on all fronts. Fully funded for the next phase and independent consultants engaged... The next 12 months can’t happen quick enough.
GLA
Hi ihadtocreatethis (please shorten your moniker :)),
One possible reason, is a broker requiring broker fees, to maintain a share account, and therefore the broker triggers an automatic sell of shares to cover the required fees. In this instance I don’t believe trading fees are applied.
MALTBY2002,
Great find, thanks. By far his best interview, for so many reasons.
vidaloca,
Totally agree! I particularly love the confidence Brett and his fellow directors have in what they are doing, their methodologies and the portfolio they have acquired. This is backed up by the fact they are choosing to take shares instead of cash as salary. You couldn’t get a greater endorsement! I appreciate that reward here has been along time coming, but I genuinely believe that shareholders will start to reap the rewards their patience deserves over the next 6 - 18 months...
GLA
Brett certainly seems to be on a concerted virtual roadshow, to get the word out.
https://www.share-talk.com/brett-boynton-tectonic-gold-plc-ttau-l-chief-executive-officer-interview/#gs.t3p13p
“Any idea how many warrants are out there?“ - I believe enough to generate over a million £, and therefore facilitate the following statement, from the latest RNS:
“Following the successful 2020 drilling program, Tectonic is planning a further 4,000m of infill drilling at Specimen Hill to confirm both geological and grade continuity within the identified mineralised corridor. This will provide news flow and a lot of data to share with prospective development partners.”
IMO the sooner this happens the better! JORC and dual listing to follow. Both of which should establish a far truer reflection of value.
Tectonic Gold plc (TDIM: TTAU), the specialist Intrusive Related Gold System (“IRGS”) explorer, is pleased to announce further progress of the January 2021 drill program at Mount Cassidy, in Queensland, Australia.
Mount Cassidy Highlights:
7 Holes completed for 778m, all intersecting gold bearing sulphides
Maintains our 100% targeting accuracy record
Previous surface sampling returned assays of +30g/t gold
Historic mining records show +15g/t gold processed
Textbook IRGS system confirmed
Incident free campaign extending our perfect safety record
Mr. Brett Boynton, Managing Director – Tectonic Gold Plc commented:
“We are very encouraged with the visual review of samples from the drilling at Mt Cassidy so far. The team has completed 7 holes with mineralisation intersected in every hole, maintaining our perfect record in drill targeting. We know from our extensive surface sampling and historic mining records, that high grade gold at Cassidy is associated with pyrites, which we have picked up in all of the holes to date.
We have a strict safety-first policy, so with a major weather system nearby we have put drilling on hold temporarily with 4 holes to go. From drilling completed thus far, we have sufficient sampling to give us an excellent data set for our initial proofing analysis. Mt. Cassidy is an important project as Tectonic have made a discovery here which further justifies our IRGS methodology and advanced exploration technologies used to identify a system that had very limited surface expression.
We have tied together a number of disparate, historic, and artisanal scale operations which we tested with a broad soil sampling program which has provided indications that a large system might tie it together. We have followed this work up with an innovative, deep penetrating, geophysics survey that showed the structure of a major undercover system. Hitting mineralisation at depth in our reconnaissance drilling program is a confirmation of many years of field programmes; we are slowly putting this jigsaw puzzle together and we are extremely excited to have samples in the lab and ready for assay.
Mt. Cassidy gives us a rapidly advancing follow-on project which will become the focus should we progress our plans to partner on or sell down our nearby Specimen Hill project.
We have fielded a lot of interest following our announcement that drilling had begun at Mt Cassidy, so have provided a detailed summary of each of the holes below to share some of our thinking and how we are working this project.”
Exploration Update:
The January 2021 drilling campaign at the Mount Cassidy Prospect completed 7 of a planned 11 holes with 4 holes postponed due to weather.
Planned Holes Planned Metres Holes drilled Metres Drilled
11 Holes 1,500m 7 Holes 970
Samples have all been collected and logged and are in the laboratory for processing. Assay results will be reported in due course.
Sulphides have been successfull