Member Info for vidaloca

As I said ismalia, there was no update from Tectonic today, the VSA inspired advert for Tectonic Gold was not intended to give an update on current events.
I was quite prepared to apologise if I had been wrong.
Anyway let's hope the results from the latest drill are out soon.

Why don't you just tell me what you are reading. I can see no update.

No idea what you are looking at but there are no updates from Tectonic today.

No there isn't.

TECTONIC GOLD PLC

("Tectonic Gold" or the "Company")

SALE OF MAJORITY INTEREST IN TECTONIC SOUTH AFRICA, AUDIT UPDATE AND PLANNED
REQUEST FOR RESUMPTION OF TRADING

Tectonic Gold plc (TDIM: TTAU) is pleased to announce that it has sold a
majority interest in the Company's South African projects to AIM listed Kazera
Global Plc ("Kazera"). As announced on 18 December 2019, Tectonic will retain a
non-diluting 10% interest in Tectonic South Africa Pty (rebranded Deep Blue
Minerals Pty Ltd, "DBM") alongside the 26% holding of incoming Black Economic
Empowerment ("BEE") partners. Kazera will hold a 64% interest and has raised GBP
750,000 to fund the diamond mining project into production.

In addition, Tectonic has incorporated a 100% owned South African subsidiary,
Whale Head Minerals Pty Ltd, and submitted an application for a Mining Permit
to mine Heavy Mineral Sands ("HMS") within the Alexkor/PSJV diamond mining area
to mine ores with DBM for the dual commercialisation of diamonds and HMS from
diamondiferous and mineralised alluvial beach sands. Kazera has committed to
buying a majority interest in WHM also, with Tectonic retaining a non-diluting
10% interest, subject to the approval of the Mining Permit under application.

Tectonic has received a GBP100,000 payment in fulfilment of the option terms.

The project will continue to be managed by the existing Board and Management of
DBM, with on-going oversight from Tectonic director Dennis Edmonds, who has
also been appointed to the Board of Kazera to lead the development of these
projects.

Kazera operates a tantalite mining project at Tantalite Valley, approximately
250km east of Alexander Bay on the Namibian side of the Orange River. With an
established regional base of operations and local management the two projects
can be efficiently operated.

With the transaction now completed, the remaining items in the Tectonic Gold
Audit for the 2019 year end will be finished as a priority and after the filing
of accounts a request will be made for lifting the suspension from trading on
the AQSE Growth Market as soon as practicable.

Signature Gold Pty Ltd, the Company's 100% owned Australian subsidiary has this
week submitted an application to the Queensland Government for a grant to fund
drilling expenses of up to A$200,000 at the Company's Mt Cassidy project.

Mr. Brett Boynton, Managing Director - Tectonic Gold plc

"We are very pleased to get this transaction closed, despite the delays due to
COVID, and to see the South African projects funded for production. We remain a
significant shareholder of Deep Blue and expect the remainder of the
transaction with the sale of Whale Head to follow in due course. This will
leave Tectonic with a sizeable economic interest in a funded diamond and heavy
mineral sands project which will in turn be able to provide addit

Who the hell sells 16p worth of stock.

Brett taking his salary in the form of stock has built up a very substantial holding for him. He obviously feels genuinely confident about the company which in itself is big thing in my book.

Deniaport, This RTO is a complex one, involving two companies at opposite ends of the planet. We have data showing excellent results in regard to gold reserves, we are all here at the start of something that in my opinion could be life changing. The company has always been open to communication from shareholders and in my experience have always replied to my enquiries in a prompt and professional manner. To display childish tantrums on a public bb at some minor delays due to the complexity of the situation whilst at the same time rely on information from others without bothering to contact the company is quite frankly a joke.

Absolutely pathetic comments. Grow up.

We have research completed, but this cannot be released until the admission date. The admission document is in final draft form and we hope to publish shortly - just jumping through some final verification hoops. The summary is we have continued to have excellent results from field work. Following the SAM Survey (Hi resolution magnetics) in December we mapped a 20x extension to the epithermal target at Specimen Hill. This was followed up with deep penetrating 3D IP in march, which we finally got the analysis for in the last week. This survey was to target the porphyry feeder systems for final drill targeting. Once again it was a solid success from the field team. Titeline Drilling, an international drilling contractor based in Australia, have come on as our cornerstone investor with a �533,000 investment at IPO via a driller equity deal

Both Specimen Hill and Mt Cassidy are looking promising to say the least, so much so, that several major gold companies are currently carrying out due diligence on the former. Brett states that they are hoping to bring one of them in as a development partner within the next six months. Once this listing is up and running, there is a hell of a lot of potential to look forward to here, up until then any further info I receive I will continue to post it here. Let's get this board rolling again.

The main points for me here is that we are still on track and exploration results are still being carried out in the background and are positive. I am surprised no one commented on the French Governments EUR 700,000 tax refund which was an uncertain entity and is now enabling to fund works, being carried out. This was massive imo. I always expected delays in some form, it is unavoidable when dealing with governing bodies, it is a fact of life. Dig in people, we are nearly there. Thanks for touching base. Signature received clearance from ASIC, the Australian regulator, at close of business on Friday, for the revised Scheme Booklet. SDo the Scheme will be put to Shareholders via a circular in the next coupe of days and that starts a 21 day countdown. Separately the Scheme is put to the Australian court for a first review on Thursday and a final authorisation on 24 May. In between the scheme will be presented again to the StratMin shareholders and we are competing a process with the Takeovers Panel to clear that ASAP. We then have a clear runway to admission on the NEX on or about 24 May. So we are still on track as planned with the revised scheme. Thanks for offering to share the information from the last e-mail. Please do go ahead. It is useful to reach as many shareholders as possible. We have the support of the Consolidated Resources and Viking concert party, but without RNS announcements don�t reach as many shareholders as we used to. Separately we have the 3D IP survey back from our Canadian experts and we have the results we hoped for. These are with the independent expert for review and opinion before we formally present anything externally. The team are back in the field this week at Mt Cassidy, preparing that project for the same treatment to complete drill targeting. We have Sub Audio Magnetics (SAM) over that area, but need to follow up geochemical program which is being run this week and then we will run the same 3D IP from the Canadians again in a couple of months. We are very excited to have a major new discovery read for drill out and a follow on project a couple of months away from drilling. Fingers crossed we continue to get the results we predicted, then we can begin to work on collaborations with the major gold miners with confidence on our exploration systems to reproduce the results.

I agree it's frustrating when things don't go to plan but I also understand when something as complex as an RTO (particularly one such as this) is undertaken, there will be, more often than not, setbacks. With that in mind, I would rather those setbacks be resolved to my advantage rather than just ploughing through for the sake of a listing. The fact that having a bi-route to save dilution and then ultimately a main listing on the LSE is taking a few months longer than planned suits me better than the alternative option.

With any news, no matter how good, negatives can be thrown in. We have a statement from the company stating their intentions and their reasons for them, we either believe them or we don't. My own view is that through my personal contact with the company, I have no reason not to.

I think you may mean current holders Hammer, if so our holding is transferred to the new company Tectonic Gold. They are back in court in Australia on April 6th and are looking to list asap after that. The prospect of a main listing on the LSE rather than AIM is much more favourable in my view.

This is latest from the company. For me, this is a preferable outcome. I believe this is the best way forward. We had a good run through London and secured support for the target GBP2m raise from a mix of institutions and retail brokers. The AIM market regulator however wanted us to increase our raise substantially as they are now driving to have larger companies list on the AIM. In discussions with our advisors we decided that it was not appropriate to change the deal and would instead take the listing to the main board of the London Stock Exchange, bypassing the AIM market. Recognising that investors such as yourself have been waiting for liquidity on the planned AIM listing and not wanting to delay that, we met with the NEX exchange to discuss an immediate listing on that exchange which could then lead into the LSE standard listing on the main board by June. We submitted a pre-eligibility clearance application this week and received, overnight, confirmation from the NEX that we qualify for listing on the exchange. We needed this comfort to avoid the problem of the AIM at the 11th our deciding that they wanted a much larger raise which would be too dilutive and unacceptable to Signature shareholders. We expect to process the NEX listing in the next few weeks and subject to Australian regulatory approval for the switch from AIM to NEX should be trading shortly thereafter. We will complete a small raise to bring in NEX investors and then focus on a larger raise in conjunction with the LSE main board listing. Again this has a June timeframe. Peterhouse Captial has been retained to complete this process. They have listed more companies on the NEX than any other brokers, so we are confident we have a good team to get the job done and raise us an initial GBP500,000. In parallel we have an Australian investment bank running a process for us to bring a corporate partner in to joint venture on the first deposit at Specimen Hill and this is progressing well. I will be connecting with the team in Perth next week to present to about half a dozen mining companies interested in looking at the Specimen Hill project. Securing a deal here would again reduce the capital requirement for the group and minimise dilution for shareholders. While all this has been on the go, the technical team has been in the field running further exploration activities, once again with great success. We will complete a 3D IP survey on Saturday giving us follow up to December�s excellent results from the geophysics. If the IP survey shows us what we are hoping for we could be able to close a corporate transaction prior to further drilling. The difficulty with the AIM market seems to have been a blessing in disguise with the ability to move directly to the main board and a standard listing. The AIM market is not well understood in Australia and a main board listing is far preferable for attracting new Australian intitutional investors going forward.

"So we are looking at a potential 20x increase in the target from our modelled 230,000 oz Au or a 4+million oz target for the drilling program. And this is just the first part of the system"! Not bad that is it. Don't know anything about RFC Ambrian but if they are as prestigious and influential as Brett seems to think they are, then hold on to your hats boys and girls. Thanks for that Arminius-Roll on February, cannot wait to enhance my investment here.

It's been a grim few years juan and to be honest, I am glad to see the back of Stratmin and bloody graphite, after all I would rather be stood here with a handful of gold as opposed to a lump of coal. Brett has given us a second chance here so let's hope he can build us a success story. His family seems to think he can. Good Luck.

There is an existing concert party, who hold 29.51 per cent. of the current shares, centred around Consolidated Resources Pte Ltd, the current largest shareholder. The principal vendors of Signature Gold (who hold around 56 per cent. of the shares of Signature Gold � further details are contained in paragraph 4 below), are also considered to be acting in concert and will hold a maximum of 38.74 per cent. of the Company�s shares on Admission. This Concert Party incorporates certain members of the Board, their families, the Proposed Director and certain senior employees of Signature Gold. Within this Concert Party there is no dominant shareholder, but two of the directors of Signature Gold (including Mr Boynton, who is also a director of the Company) are expected to own between 15 per cent. and 20 per cent. each. Further details of the Concert Party are detailed in paragraph 6 below and in Part III. (5) Diana F Boynton is related to Mr Brett Boynton and is his sister in law. (6) Matthew N Boynton is related to Mr Brett Boynton and is his nephew. (7) Marion A Boynton is related to Mr Brett Boynton and is his niece. (8) Paul N Boynton is related to Mr Brett Boynton and is his brother. (9) Stuart J Boynton is related to Mr Brett Boynton and is his nephew. (10) Audrey Boynton is related to Mr Brett Boynton and is his mother. (11) Lorin D Boynton is related to Mr Brett Boynton and is his sister. (12) Shirley Swart is related to Mr Brett Boynton and is his sister. (13) Barry D Short is related to Mr Brett Boynton and is his brother in law.

Furthermore, the Directors and Proposed Director believe that there is the potential for Signature Gold to become one of the world�s lowest dollar-per-ounce of discovery cost gold exploration businesses. It is common knowledge throughout the industry that the addition of quality reserves depends on the success rate of technological innovation and quality exploration, and it has been the development of this approach that has been the focus of Signature Gold over the past few years. The Australian gold market remains buoyant with large producers actively looking for projects to replace current production. Signature Gold�s portfolio of gold discoveries is in an established gold region with a number of large gold mining companies in operation. The strategy of the Enlarged Group will be to develop the discoveries in their portfolio through feasibility stage in order to provide suitable projects for these major gold producers to partner with or acquire and take into production. The Directors and the Proposed Directors are of the opinion that this is a very promising opportunity for the Company to create value for all shareholders.