RE: Great buying pressure today...13 Oct 2025 13:23
Golf the part you’ve left out is the £400k placing at 0.45p was raised to progress mine planning at the Tesoro Gold Concession — which covers both Bonanza and Morrocota.
The update stated (from 10th Sep rns)
“Initial fieldwork commenced at the Bonanza and Morrocota mines last week… once completed, and subject to funding, it is anticipated that mining can start in November.”
That funding is now in place, with warrants at 0.45p giving scope for extra cash as things advance. Yes, more funding will be needed later — but with two of the last three placings done at a premium and an operational update expected this week, it’s likely the next raise happens from a much higher level. Time will tell, but at a £2m mcap, you won’t find a cheaper entry once news hits!