Member Info for Golf57

Just a few weeks to wait as the promise for cash flow in March is a biggy.

Just out of interest who thinks March will see the first sales?

Don’t be shy..

I’m hoping those results weren’t known on the 11th when the price started to drop :///

Franky

Have to agree, given the timelines req’d from dirt out the ground then to processing plant (which are very busy currently) expect a delay on processing possibly 8 weeks or longer before any sort of payment is agreed on actual gold recovered.

So, in my humble opinion any cash flow could be as late as May.

Morning Ranger

In Lanzarote since Sun ☀️ very nice.

Still raining ☔️ back home and course closed so perfect timing ;))))

Enjoy ye trip👍🏻

Friday the 13th coming first :)))).

Stay safe..

In all honesty the guesstimate is 3/5 ton daily.

It’s the worst time of year for mining, which probably means 3 ton daily.

So if they do start shovelling muck tomorrow morning it’s 2 weeks before they fill the 40 T truck to go for processing.

The timeline from there on is anyone’s guess.

I have to agree with that:))))

:))))))

Fergal

I didn’t write it, I’m just quoting company info.

But as you and the gang keep saying, expect delays in this business..

Extract from RNS Feb 18 2025

Mining will resume at Tesoro once the mine shaft is dry enough to ensure safe operations and key logistical transport routes have been restored. Based on the current outlook and information, the operator ("Boku") estimates that operations will resume in approximately three weeks. The safety of staff has been unaffected.

It’s anniversary is only one week away.

:))))

Just a normal day for you then Hex :)))

Yes we all agree mining is to start soon, near future, shortly.

But what date is that?

Polio

I agree entirely.

However will they be getting muck out this month as promised? We still don’t know.

Attention to detail is key, especially to nervous share holders.

The last paragraph on the RNS by the head lad.

“mining to start in the near future “

One could read into that, Feb start has been missed hence the price drop?

Only my humble opinion of course..

:))))

Coops

That’s what us old fellas are here for ;).

However the funding calc may rely on sales first qtr.

As per previous RNS.

Feb - mining starts

Mar - first sales

May not be important, but it may be ;)).

Cutting it a bit fine to get cash flow by end of March :/

Hope it works out for you folks, I’m off.

GLA

Oops, went off in me hand guv…

Course closed :(((((

Plenty footy on TV, chill and have a nice day folks ;))).

Assy

:)))))))

That’s what I like to see a nice friendly close to the week ;))

I guess the waiting does get boring, but don’t worry folks it’ll soon be March and the RNS explaining why mining hasn’t quite started.

Enjoy the rain folks I’m off to some ☀️🌊🍻🍹😎

See you on the other side. ;)))))

It’s going to be volatile for a good few months I think we all agree, the bottom line is we have a great asset and in time it will have been worth the wait.

Come back next year and check progress, enjoy the ride ;))

Morning Ice

Feb is the wettest month of the year and historically things slow down, while a start of mining this month is possible my personal opinion it’s optimistic.

But you’re right things need to start sooner rather than later as personally I’m unsure the context of the “fully funded” quote.