RE: Strengthened Position31 Aug 2025 16:53
I know I'm stating the obvious here for existing investors. I am a much more recent LTH. Just to say that this last month denoted a sea-change in this company. Not only is the gold price at $3,500 and rising, and going to again rise over the next few years, but also the company has now bought 100% of Boku, not just 50% (RNS on 13 Aug). Plus, sorting out notes (RNS on 31 July). Then there is the recent new Bitcoin arrangement, in anticipation of near-term gold production. No wonder Richard Edwards bought his 5% during this time period, and the new Institution on Friday just gone. Here are the quotes re 13 Aug RNS and the 31 July one:
13 Aug RNS
Stephen Birrell, Chief Executive Officer of Nativo, commented:
"Acquiring full control of Boku means Nativo can streamline its operations and opportunities in Peru. We are very pleased with this outcome and look forward to resuming gold mining activities soon."
31 July RNS:
Christian Yates, Executive Chairman of Nativo, commented:
"This is a huge milestone for the Company. Nativo inherited this legacy from the Company's Echo Energy period. Through positive and pragmatic dialogue with Noteholders we can now restructure the Notes in a way that enables Nativo to continue its business plan without the weight of this debt and repayment obligation hanging over it. We believe the restructuring and effective removal of this future cash repayment obligation makes the Company significantly more investible.
Nativo is moving forward with its plans to establish sustainable gold production in Peru, with gold trading at well over three thousand dollars. Our strategy is based on three core activities: primary gold mining, gold ore processing, and the recovery of gold from tailings. This strategy is complemented by our newly established Digital Asset Treasury Policy (announced on 25 July 2025) whereby, subject to working capital requirements, a portion of any free cash flow from mining and processing activities and a proportion of the proceeds of any future fundraises, may be allocated to Bitcoin and held as a long-term treasury reserve asset.
We can now move forward unencumbered by the bond and get on with generating value from a growing portfolio of gold opportunities in Peru."
I might add: "..... and with a Market Cap of just over 1 million pounds"