Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
A criminally underpriced share in my opinion, the only problem is basically noone is actually selling at this price.
New gold rush is going to push up small caps again soon.
CHAIRMAN’S REPORT
Dear Shareholders,
The year ended 30 June 2023 saw us return to complete another round of field work and drilling on our flagship Specimen Hill project in Queensland. This work enabled us to present to potential development partners a substantial database of the large-scale mineralised system that we have identified and tested over the last few field seasons. As per a previous market release, I am pleased to report that ASX listed White Energy Ltd (“Energy”) is continuing to test and validate the copper gold potential of the mineralised system, under an exclusivity agreement. White Energy’s leadership are very successful campaigners in Queensland and they have a strong investor base behind them.
Tectonic were invited during the year to advise a leading Ghanaian family office on strategy for advancing a portfolio of tenements in the Ashanti gold fields in Ghana. This work includes preparing the portfolio for a listing on the London Stock Exchange. Extensive technical reviews were conducted in the June 2023 quarter, followed by a site visit and in person strategy planning with the group. Tectonic is currently evaluating M&A opportunities on behalf of the group in an effort to accelerate portfolio completion ahead of a listing. We are also evaluating the potential for a dual listing in Ghana to take advantage of the in-country investor demand. The working assumption at this stage is that Tectonic will be the vehicle to take the consolidated portfolio to market in London to crystalise the value of our input with a carried interest in the portfolio for Tectonic shareholders.
Our “Deep Blue” and “Whale Head” diamond and heavy minerals investments in South Africa, managed by Kazera Global Plc (“Kazera”), took a very interesting turn this year. Elevated radioactivity readings from the presence of highly desirable monazite in the rare earths component of the ore required special permitting be obtained. Monazite, a significant source of rare earth metals such as cerium, lanthanum, and neodymium and is in high demand in high-tech industries such as electronics, renewable energy, and electric vehicles. While the additional regulatory hurdles are a minor hindrance, the long-term commercial value of the project is enhanced with this outcome.
Once again, thank you to all of our shareholders and stakeholders who have supported us over the last year. We have made significant progress on a number of fronts with no dilution to shareholders and the year ahead presents excellent opportunities across our current portfolio and with a number of other opportunities being presented to us.
Full report: https://www.londonstockexchange.com/news-article/market-news/tectonic-gold-financial-report-for-the-year-ended-30-june-2023/16262698
Has anyone done any DD on this company?
The only website I can find with this exact name is:
https://www.acumenadvisorygroup.com/
It's total nonsense, says nothing whatsoever and appears to be playing off the name of an actual company, Acumen Advisory Services LLC.
It also states the registered address is in London, however the only references to a company of this name in Delaware are press releases from PFP.
I can't blame you, I sold a 15p but come back to check in now and again.
The lack of news has been underwhelming to say the least, and DBAY seem to just see the company as parked cash.
On the plus side it can't really fall much, it's just not very interesting right now.
An inscrutable majority shareholder using their own decision of a buyback to buy their own shares using the cash reserves ultimately leaving us at the same SP as before, DBAY have a lot to answer for.
I'll have to admit the title excited me more than the actual news did.
Still good news and hoping for an update on the potential JV mentioned in the webinar by the end of June.
So many people on here panicking for no reason?
There is strong support at 50p, worst case we hit 25p if we get more sanctions. The important thing is we are all in this together, don't let the bears get your shares cheap!
Soon once the war is over this will fly to 400p so HOLD STRONG!
The problem with POLY investors is that they are morally bankrupt putin shills, this is my main reason for selling evil POLY shares at 379.
Karma has rewarded me with a price drop and soon I will cash in on this morality with 50p POLY shares. Thanks putinbots!
Zoolook, it is true that it has increased its cash per share position.
However, the discount we were trading at before and now it makes it seem, quite bizarrely, that the market doesn't care about the cash it holds in the bank.
It just seems odd how it's being held down and to finish with such a large buyback and no price movement is very strange indeed.
I guess my question would be how they managed to buy back the sheer number of shares they did at such a low price, especially discounted heavily to NAV - and so much in one day!
Something stinks about it, I'm not saying they didn't buy back the shares (that's plain and obvious for all to see) but my real question is, who was selling? Insiders? Certainly couldn't have been retail putting huge limits at 15.9p throughout this entire buyback.
Now LDG is left in a situation with significantly less cash in the bank and a similar SP as it had in Feb, it's in a much worse position now IMO and the only shining light is a small investment in CTH.
And on that note, it's not clear exactly to what extent LDG will be involved in the deal between DBAY and CTH, which has a market cap of ~£850m.
Guess I'm crazy then, but I'm out.
This buyback was a disaster, they screwed us and I'd rather sell at a slight profit now than hold a share that could barely maintain its SP (discounted from NAV!) with millions pumped into it daily.
Good luck all.
That escalated quickly, LDG is managed and mostly owned by DBAY so they went from buying ~2% of the company to making a cash offer for the whole thing.
Congrats to the holders.
Oh no I bought at 170 and sold at 379 I just want to get back in at a more moral price, which the current price is not.
My moral compass is subject to change depending on the price but it seems immoral to buy at 300p
This post really shows the mentality of the holders here, all pro putin. Disgusting. This stock should be delisted just for this post.
I will be selling on Monday, at 130p this was a bargain for sure but now it's so high there's barely any potential room for this to move up. And to top it all off the current holders are sympathetic to this horrible war.
The moral cost of holding such a stock now will put everyone at a loss. For shame!
Damn that's not good, this is why holding over the weekend is risky.
On the bright side we have very strong support at 130p so we should hold fine.
Looks like they just doubled their stake : https://www.lse.co.uk/rns/LDG/further-caretech-investment-tf3wwpa7tpotjbr.html
What are the chances this stock is sanctioned and delisted from LSE? The UK is still dishing out sanctions frequently, is there anything that makes this unlikely to be sanctioned/delisted now?
This board promised me 50p so I'll wait