RE: Fair Warning?15 Jan 2020 18:52
Whilst caution must be taken with all investments progress has been made here, all be it a bit slower than what investors will have hoped for. With a current market cap of £5m the risk v reward profile looks promising. Even prior to Newmont coming on board the disclaimer was the same from what I can see and since then there has been a lot of positives, see some below. As ever do your own research, imo this company has lots of potential.
1. Newmont subscribed to shares at 5.4p.
2. Anza exploration agreement signed with Newmont.
3. Loryser creditor agreement reached and approved by the court.
4. Exploration activities at the Anza have been initiated.
5. $500k due in March and September 2020 from Newmont. First two payments already received.
6. $700k due by 7 November as part of the minimum work commitment for the first year and to maintain phase 1 earn-in-right. Received!
7. Anza lies just 60km from Buriticá.
8. High grades over significant widths from almost 27k metres drilling.
Good luck all!
