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Steve - they just raised i don't think they had to do a share issue for £9k bill, but its just sensible to conserve cash.

Ranger104uk, you clog up the board with derampy waffly crap, how do you think that helps investors? Do the decent thing and b*gger off and find a new hobby, you are boring everyone.

Or alternatively abzzba have a bit of patience for a few months if that is possible as its a new venture into gold and will take a bit of time to develop. I know that sounds alien to some of you 5 minute wonders.

No stocky read the rns first, the 10m is now or imminent when deal closed (initial consideration), you are talking about the 50m ..

A summary of the agreed commercial terms in the term sheet are listed below:

· Initial consideration value of US$10 million, which includes non-dilutive equity in the SPV;

· Exclusive worldwide licence granted to the SPV for 20 years;

· Within 3 years, PDC to develop at least one of the Midkine antibodies within the SPV to the completion of a Phase 1 trial and then, upon success, to complete a trade sale of the SPV; and

· Roquefort Therapeutics will receive circa 24% from any successful trade sale proceeds, which if the Phase 1 trial is successful, this 24% is projected to be worth up to US$50M (gross) based on similar phase 1 trade sales.

Just to keep posting the number of share without context of market cap is pointless and irrelevant and helps no one. A few people are obsessed.

And from a pure perception perspective a consolidation might be good to reduce share count, but that costs money and its probably not the focus right now.

Steve - yes into not nice i have a good few stocks ive been diluted to oblivion in over the years - thats the problem with being a lth in small caps these days after many years its hard to ever get it back unless you keep averaging down. medium term seems the way to go in this day and age and after chunky placings.

ive just use the total tonnage potential in today rns and a middle figure on their spread potential - its not scientific just a quick sum i did in my head taking 50 tonnes and todays gold price. of course this doest take into account further dilution next year if we cant pay our way with gold sales.

I understand for lths its hard, im there in lots of stocks and dilution isn't nice but timing is everything. But my view here is from this point forward as a relatively new buyer in this one..

steve you have to look at this as if its a new company. its moved to a different asset class and its its a new start - they need funds and it will take a while to develop the company - thats normal. just look forward to where it could go from here.

some potential sums (*** packet) - on an average of say 10g per tonne .. £60/g, £600/t at say 50t / £30k a day x 365 - £11m a year ish. say 25% margin so on 3m profit you should be up at x8-10pe or 20-30m mc. currently 1m. bit of time to go but a good hold/buy at this mc to do 20-30x times next year.

in it to win it and good risk reward.

Forget how many shares are in issue, its not important. focus on the value of the business (shares in issue x price if you are not sure!) and at 1m the upside is plain to see.

Its not a sell! its to pay a supplier which conserves cash! And with regards to the selling, they issued shares at 2.5 in the placing, they are being sold, standard practice - thats what holds a price down until they are sold, happens in every share and every placing everyday - so the SP is artificially low with the selling pressure for a while - great time to buy. presume you are newish to this game, thats not an issue, but try realise whats happening people are telling you ..

Its £9k worth steve, get a grip.

Still churning the placing, wont be long.

In fact 924k mc! Not seen a company selling gold and reinvesting it into a full blown mining operation at that valuation before, especially with gold at almost record highs.

Stephen Birrell, Chief Executive Officer of Nativo, commented:

"Tesoro continues to be an extremely exciting project for Nativo. I am pleased to report on high-grade assay results of initial vein material recovered from Bonanza, with findings demonstrating impressive grades of up to 27g/t.

We look forward to working with Boku to accelerate mine development operations and increase production capacity, which will be supported by the reinvestment of expected revenues from gold sales."

This is now at a lower mc cap that it was 10 days ago at 4 but now with 500k in the bank. Couldn’t make it up. This will bag mental in the next months at 1m mc (500k minus cash!!) SL

Be very wary of those that spend a lot of their free time on a a board writing extended negative posts about a stock they don’t own (yet) …. Sell their granny down the river to be able to buy 1% lower.

Even if you take into account the dilution, the company is now worth less than it was last week when it hit 4 with money in the bank and a good rns. silly old markets.

Best use VOX app with alerts set up, they are usually instant.

That agreement is for the longer term, you have to start ealry as these projects take time. Dont think it affects current short term revenue. Annoying it has dropped the SP rather than risen it. It needs grades now and revenue.