Member Info for Golf57

Made it

Be careful you’ll be branded a deramper and added to helx list..

Ranger

Marvellous golfing country, I’m further south and frequent :

Gosick

Bamburgh

Dunstanburgh

Foxton Hall

All superb courses!

As for today’s business? I’m just catching up on the 2nd RNS which is quite unexpected.

Just a copy and paste of Bergen-

Ultimate Controlling Person:

In a recent filing, Eugene Tablis was identified as the ultimate controlling person of the entity that holds the voting rights in Nativo Resources PLC, confirming his significant role and control.

Whiskey time now so will do some light reading tomorrow.

Enjoy your weekend.

Bond holders will be focussed on the gold and all monies raised they will want invested there.

The talk of bitcoin coin and other opportunities, whatever other opportunities are - must have spooked the bond holders so they are being cautious giving a free hand with the finances.

They’ve been burnt once it won’t happen a second time.

Ranger

I haven’t, St Andrews is the closest I’ve been, but I have a pal that lives in Nairn that I call up occasionally to see ⛳️.

I could call in on y way back down if you’re recommending it.;)

Aim22

I think that’s the call with the bond holders, they obviously don’t trust the lads with the purse.

May be some repercussions next week..

RNS should be issued before end of play today, if not 4:00pm could see carnage.

Golf course beckons.

TTFN

Big news tomorrow folks, be prepared!

Anything could happen in the next 24 hours…..

TTFN

Fergal

It’s historical nerves not deramping as mentioned on numerous occasions.

Tho is an extract from RNS March 2025 as an example of promised but failed activity.

"I am pleased to report that the heavy rainfall appears to have ended, and the mine and camp are intact. Local works to restore the shorter access route should begin shortly, while the longer route is now in operation. There are numerous local stakeholders with an interest in bringing the shorter road swiftly back into working order and so we are confident they will waste no time in doing so. In the meantime, our operator is getting underway in terms of re-hiring the workforce with a view to resuming operations next month, targeting high grade gold at Tesoro's Bonanza shaft."

It is now September, hence the apprehension by LTH’s.

WW

Positive vibes, but I’ve heard nothing to suggest any work will be getting done to generate revenue until Dec?

Fergal

As I posted earlier, a monthly update would suffice.

Yes I do agree mining can be a difficult business that’s precisely why professionals should be professional.

Especially reporting delays and basis of those delays…

As the saying goes, tomorrow never comes..

Fergal

That’s why we are where we are, drifting timelines without explanation.

What’s the point of issuing a plan that you can’t achieve?

Does it not look unprofessional or inept to you?

Fergal

All investors prefer an optimistic outlook, however historically here there has been a number of broken deadlines.

Don’t you think there is opportunity to erase those past issues, just a brief note confirming the team is on site and work has commenced in earnest to achieve latest timing plan?

Made it

I agree entirely, just goes to show we can on occasion.

At the least I would expect a monthly update until ore starts flowing!

Aim’22

Yes it’s those little bits of news that help the SP.

Unfortunately no news could mean no action and a lower SP.

Golf course beckons TTFN.

Ranger

All good points that need thinking about, I thought an RNS would have been out yesterday confirming fieldwork and sampling had started?

Morning Fergal

Just a couple of key points to add to the conversation.

Current timeline points to a restart in Dec after staff have been hired.

Rainy season is from Nov - March.

In all honesty how much gold will be processed before April next year, in your opinion?

Cheers Aim’22

Those that ridicule our honesty will remember I’m sure.

But we’ll keep our honest and verified posts going, newbies need to understand both sides 👍🏻

Have a great weekend!

As per my previous post of:

“At least 2 raises before any gold comes out of the ground”

I’ll count this as number 2, not even end of Aug. 🤔

Cheers Nobby

All fingers X’d 🤞🏻

Fergal cat

This is the company advice via RNS on grades.

“Should not be relied upon for economic forecasts”

The internal resource estimate for the Tesoro Gold Concession (originally announced on 1 July 2024) has been increased to approximately 213,000 ounces of contained gold (previously 73,000 ounces), with 51,000 ounces being attributed to the Bonanza and Morrocota mines alone.

References to resource estimates in this announcement are solely an internal estimate at this stage. Such estimates do not constitute resources as defined by any specific mining code (such as JORC) and there is no guarantee that they ever will do. These internal resource estimates are presented only to illustrate the potential scale of the project and as such should not be relied upon for any economic forecasts. Further work and analysis would need to be undertaken to seek to have these internal estimates stated as resources to a JORC or other recognised standard.