Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Echo Energy ( (GB:NTVO) ) has provided an update.
Nativo Resources Plc announced the results of its General Meeting, where Resolution 2, a Special Resolution requiring a 75% majority, was not passed. The resolution is crucial for the company to commence production at its gold mines in Peru and achieve cash flow, especially with gold prices over $3,500 per ounce. The company plans to convene another General Meeting to repropose the resolution and urges shareholders to support it, emphasizing the potential benefits for stakeholders.
More about Echo Energy
Nativo Resources Plc is a gold-focused mining company with interests in Peru. The company is involved in primary gold mining, gold ore processing, and the recovery of gold from tailings. Nativo has acquired or optioned several projects for development and aims to expand further. Its immediate goal is to scale operations on the Tesoro Gold Concession, particularly focusing on the Bonanza and Morrocota mines. Additionally, Nativo plans to use portions of its free cash flow and future fundraises to purchase Bitcoin as a long-term treasury reserve asset.
Average Trading Volume: 38,323,498
Technical Sentiment Signal: Strong Sell
Current Market Cap: £1.36M
For detailed information about NTVO stock, go to TipRanks’ Stock Analysis page.