Member Info for Golf57

Forgot to mention, only 30 mins apart…

Keep an eye out here, there may be an opportunity;))

Well

I think a raise is pretty much on the cards (I wouldn’t rule out a little consolidation later) we’ve mentioned the reasons earlier this week. Outgoings growing daily and income non existent- as yet.

Trump has been advised to calm the waters before there’s a global collapse, when will it end - sometime never.

Russia and Israel are on personal missions and too focussed to back down unfortunately, however never say never🤞🏻

BUT amongst the doom and gloom life goes on, head up and crack on life’s too short to hide in the corner worrying about something that may never happen💪🏻

Oh and Jamesons never forget the Jamesons;))

Morning Ranger

Have you been to Belek golfing?

Just sneaked in to a trip 25th April due to a cancellation, Gloria Verde hotel, supposed to be good?

🏌🏻‍♂️

Ranger

I can only agree.

The little acorn I was talking about was iceman planting the seed for another raise, testing the water so to speak.

That is the only way to raise money here in the near future.

Mining fragmented veins is a very slow process by the look of what’s happened so far.

A 150,000,000 raise would sort it.

From little acorns big oak trees grow.

Rain looks as though it’s stopped ;))

I don’t think anyone ignores the potential, but time lines keep slipping, there are significant bills coming in and the CLN scenario is like a dripping tap.

There are one or two that have mentioned that once sales start happening and cash coming in things may change but until then it’s a stagnant pond and sometimes stagnant pond’s begin to smell.

Downagain

There are some of us who have been saying exactly that for the past 6 month but have been berated and branded naysayers etc

I believe you are now seeing the light, I did ask the question earlier this year about being fully funded until we start getting cash flow, what actually is the calculation and does it still hold?

Tonight will make things a little more clear, if Our USA buddies follow through with their threats to Hormuz the collateral damage may be significant..

HL site down!

HL site down!

HL site down!

Anyone on HL, site down….

Aim

Thanks for the reply, got distracted by an unexpected visitor.

Yes time will tell, anyway here we are again FOMO Friday enjoy the weekend folks.

By the way, has anyone done a minimum price for gold for Nativo to be a profit making venture?

Ranger

My thoughts entirely, few month before things settle down gold price stays low during this period.

How does all of this affect the “fully funded numbers”.

Aims the numbers guru ;)

Fair comment, also given the history of the mine if there are any setbacks the repercussions could be very severe.

I also believe more cash is needed until some significant sales are made, bumpy road time until then.

Rosty

Nice post a bit lengthy, however you summed it up in the last sentence “IF”.

That’s the issue here.

Frankly

Time will tell, I’m guessing we’ll be waiting a while..

Frankly

I agree, gold has shot up but so has costs, I’m guessing marginal gains in terms of profit.

But my take is, one voice saying we’re target high grade veins ( I have no idea of the vein dimensions) but trying to remove ore on mass while targeting a fine vein area seems a huge task and probably very expensive.

Does anyone have an educated opinion.