Member Info for Golf57

Aim

That’s another thorn in our sides, it’s been a loss making venture for a couple of years and only now we give it away.

How were the losses being subsidised?

P2R

We hear you, but we won’t get carried away, this is a paragraph from RNS sept 2024:

The Company secured funding post period, in July 2024, to recommence production from the high-grade, Tesoro Gold Mine in the Arequipa region of Peru. Cash flow generated from Tesoro will be used to boost production, establish processing facilities and acquire and develop other similar projects in the region, for example the Ana Lucia polymetallic concession in the Ancash region of central Peru which the Company acquired in July 2024. Initially, Boku will sell vein material to a tolling plant; however, Boku plans in due course to install its own commercial processing facility to process vein material supplied by ASMs in the region on a fixed margin basis as well as its own production, thereby capturing greater value.

Hopefully the second bite of the cherry will show something tangible.

To be fair to all, all this was said earlier in the year about restarting production, however it never happened and only recently we receive news of NOW having funds for a restart. Hence there is a modicum of scepticism around from LTH.

I know it has been mentioned previously and I have to agree, the current funds are being used to sponsor a number of activities as opposed to a single cash flow focus.

I understand the future benefits, but trying to run before you can walk may be an issue today..

Agreed H

I’m guessing quick solution and low profile if possible, Conrad don’t want to look like amateurs.

Roads are getting sorted👍

H

Keep that thought for tomorrow:))))

H

You really do need some new craic :/

Sorry Ice

Predictive text .,,

I’ve

No one is saying they built the road, we know it’s a community road.

All we’re saying is they said it would be sorted by April.

Spot on Aim!

CC

Before berating people do some homework..

Aim

I agree it just seems very strange, low hanging fruit should always be picked first?

However the new start is end of the year, for now…

Aim

Not to mention the “who” exactly will be kicking themselves?

MrH

How can they, the roads not fixed.

Is there a hole in your bucket. ;)

Iceman

Thank you, I’ll have a look.

My comments were obviously a little tongue in cheek ;))

MrH

I think the question needs to be, why aren’t the coordinates available on registration documents held in Peru?

I’m no Sherlock Holmes but I’ve not been able to find any to date, admittedly I have not been through the PAY wall.

But I’m sure with your hotline you can get that info quicker than me. :))

Helx

Actually Golf is still struggling to find out exactly where the mine is, could you supply me with coordinates so I can locate it on Google earth.

Then we can all have a look at progress at our leisure..:)

Iceman

Your logic is correct, however the overall cost of building those house’s could double due to facility and logistic costs, unfortunately in this example you cannot increase the price of the house that price is fixed by others.

Apologies

“Logistical constraints”

Let’s be accurate ;)

Iceman

News is news and it’s what everyone has been waiting for, what we need now is the full picture as snippets here and there still leave us LONG term holders sceptical.

The fact a reference is made to “logistical issues” is a bit of hint in my opinion.

MrH

This is currently bargain of the year to buy in now or top up…