Shareholder News 25th September 2024.
Extraordinary General Meeting
Gold has also hit an All-Time High.
Extraordinary General Meeting
On Friday 22nd November 2024 at 14.00 UK time, we will hold a virtual EGM.
The only items on the agenda will be approval of the last Shareholder Pay-Out in 2024, which will take place on Wednesday December 11th 2024 and the first Shareholder Pay-Out in 2025, which will take place on Friday April 11th 2025.
The Pay-Outs will be in Fiat Curre
On Friday 22nd November 2024 at 14.00 UK time, we will hold a virtual EGM.
The only items on the agenda will be approval of the last Shareholder Pay-Out in 2024, which will take place on Wednesday December 11th 2024 and the first Shareholder Pay-Out in 2025, which will take place on Friday April 11th 2025.
The Pay-Outs will be in Fiat Currency and/or Crypto Currency.
A link to attend the EGM will be sent to all eligible Shareholders will be sent out via email and WhatsApp on Thursday 21st November 2024.
New All-Time High on Jinbi.
Gold has also hit an All-Time High.
Extraordinary General Meeting
Jinbi keeps going from strength to strength and hit a new all-time high in August 2024, making our holdings worth approximately £6.25 Billion.
We will as always be placing Jinbis in the Far East and South East Asia in connection with Chinese New Year.
Next Year is the Year of The Snake and we have fixed a price of $18,888 per Jinbi with our partners.
Kung Hei Fat Choi indeed!
Gold has also hit an All-Time High.
Gold has also hit an All-Time High.
Gold has also hit an All-Time High.
We trust that weak and clueless central bankers and politicians around the world will continue to print money and debase fiat currencies copiously and that both Jinbi and Gold will continue to benefit.
We are confident that both gold and Jinbi will continue to rally strongly into the upcoming Year of the Snake.
Congratulations to Thea LaFond of Dominica on her Gold Medal
Thea LaFond won Olympic Gold Medal in Women's Triple Jump for Dominica.
As Dominica is our adopted home and we are all about gold, we are very proud of her golden touch.
Jinbi Golden Dragon.
It seems fitting that we will be sending Thea a Jinbi Golden Dragon Coin with our hearty congratulations and compliments.
Shareholder News May 8th 2024.
A Busy Spring
Highlights 2023 Prelim Result and Balance Sheet (in £ unaudited)
AGM Agenda 30th May 2024
Having entered the Year of the Dragon with a bang, we have been busy trying to make all of our promises become reality (some with success, some with delay and some not at all....so far).
Status on that and everything else will be covered at the AGM.
Using the fact that our Jinbi holding has been growing stronger in terms of value, liquidi
Having entered the Year of the Dragon with a bang, we have been busy trying to make all of our promises become reality (some with success, some with delay and some not at all....so far).
Status on that and everything else will be covered at the AGM.
Using the fact that our Jinbi holding has been growing stronger in terms of value, liquidity and recognition, we have swapped all of our 3rd party commitments and liabilities against giving Jinbi, so that we can go into 2024 with no liabilities and a much simpler balance sheet (see result/balance sheet in the last section of this news update).
AGM Agenda 30th May 2024
Highlights 2023 Prelim Result and Balance Sheet (in £ unaudited)
AGM Agenda 30th May 2024
The Agenda is:
1. Welcome and Opening Remarks by Chairman and CEO Lars H Steffensen
2. Chairman's Report including the Year 2023's Result.
4. Review of Past Pay-Outs and Future Pay-out Plans.
5. Appointment of New Board and Confirmation of Chairman and CEO, Managing Directors, 2023 Result etc etc..
6. Question from Shareholders including Email
The Agenda is:
1. Welcome and Opening Remarks by Chairman and CEO Lars H Steffensen
2. Chairman's Report including the Year 2023's Result.
4. Review of Past Pay-Outs and Future Pay-out Plans.
5. Appointment of New Board and Confirmation of Chairman and CEO, Managing Directors, 2023 Result etc etc..
6. Question from Shareholders including Email Questions.
7. Vote on Reports and Appointments.
8. Finishing Remarks.
Highlights 2023 Prelim Result and Balance Sheet (in £ unaudited)
Highlights 2023 Prelim Result and Balance Sheet (in £ unaudited)
Highlights 2023 Prelim Result and Balance Sheet (in £ unaudited)
Result:
Profit:
£3,728,110,370.00
Balance Sheet.
Assets.
£5,317,987,980.00
Liabilities.
Loan from the Shareholders
(£250,000,000.00)
Shareholder's Funds
£5,067,987,980.00
Shareholder's Funds per Share
(62,500,000 Shares Outstanding)
£81.08 per share*
*please note the usual caveat about unrealized profits and illiquid markets, bird in the hand etc etc.
New 2024 AGM Date & Information
The new AGM Date and Time is Thursday 30th May 2024 at 14.00 UK Time
The new AGM Date and Time is Thursday 30th May 2024 at 14.00 UK Time
The new AGM Date and Time is Thursday 30th May 2024 at 14.00 UK Time
As we no longer have any activities or a presence in the UK or Denmark (and haven't for some time), we have moved the AGM into cyberspace, where the company managers will be joining from our HQ in Roseau, Dominica.
The AGM will take place in Cyberspace
The new AGM Date and Time is Thursday 30th May 2024 at 14.00 UK Time
The new AGM Date and Time is Thursday 30th May 2024 at 14.00 UK Time
Those shareholders that have already signed up for the previous AGM date will be sent a link to join.
Those who have yet to sign up, kindly do so at info@spearhavocgold.com.
For Our Shareholders: Win a 2024 Charles III Sovereign Gold Coin!
The new AGM Date and Time is Thursday 30th May 2024 at 14.00 UK Time
For Our Shareholders: Win a 2024 Charles III Sovereign Gold Coin!
Spot our CEO outside the Spearhavoc Gold Roseau HQ in the picture above and send the picture back to us with the CEO circled (hint: he's wearing a gold coloured T-shirt) and we will draw a winner from the correct shareholder entries received and send the winner one of our newly received 2024 Charles III Sovereign Gold Coins.
Deadline to participate is The Long Good Friday 29th March 2024.
Shareholder News March 11th 2024.
Year of The Dragon
Jinbi at All Time Highs
Year of The Dragon
Our joint Jinbi promotion with our partners for Year of The Dragon went very well and more than 119,000 Jinbis were sold; the share of Spearhavoc Gold is 56,000 Jinbis sold with net revenue to us (after sales commissions, placement fees and forex/logistics fees) of £4,688 per Jinbi totalling £262,528,000.00.
Gold Supports
Jinbi at All Time Highs
Year of The Dragon
We thank our central banks and politicians for their insistence on debasing all currencies in order to avoid hard choices and telling the truth to the voters. This has sparked a rally to all-time highs for gold, which has been tremendously supportive for value increases in all of our assets in general and Jinbi in particular.
Jinbi at All Time Highs
Jinbi at All Time Highs
Jinbi at All Time Highs
Supported by Gold, a general crypto rally and FOMO (fear of missing out) buying on the exchanges from people who couldn't make it to our distribution outlets in person, Jinbi hit an all time high around the same time as gold, Bitcoin and Ethereum. The all time high was $12,021.21 on 8th March 2024, where quite a lot of profit-taking was encountered and the price found support around $11,800. We continue to view the future of Jinbi with confidence and foresee future prices above $88,888......
Bitcoin also Supports
We now hold over $8 Billion worth of Jinbis
Jinbi at All Time Highs
Among the supporting factors for Jinbi (and Gold for that matter) has been the blistering rally in Bitcoin - see below link:
£262,528,000.00 in Jinbi Sales
We now hold over $8 Billion worth of Jinbis
We now hold over $8 Billion worth of Jinbis
This revenue means our plan to pay out £250 million to our shareholders has come to fruition. The pay-out will happen 2nd half April 2024 and shareholders will be contacted individually by our Corporate Affairs Team with calculation and to confirm bank details in person.
We now hold over $8 Billion worth of Jinbis
We now hold over $8 Billion worth of Jinbis
We now hold over $8 Billion worth of Jinbis
Think the headline says it all, so no comment necessary other than to state that we (as always) view the future with confidence.
Shareholder News December 5th 2023.
JINBI & GOLD
Jinbi goes from strength to strength and rallied along with the rest of the crypto complex in the past month: Bitcoin is now above $40,000, Ethereum above $2,000 and Jinbi above $8,000.
Gold rallying above $2,000 has also been supportive of Jinbi.
For latest live Jinbi price on CoinMarketCap, click the link below in the news update of September 17th 2023.
YEAR of THE DRAGON
Our Far East Jinbi placement in connection with Year of The Dragon Chinese New Year on February 10th 2024 is on track and we have minted the Jinbi Golden Dragon 1 oz Gold Coin for our partners and UVIP buyers.
We remain on track for the end March 2024 Shareholder Pay-out of £4.00 per share.
There will be an update on this website on Monday March 18th 2024 with regards to the Pay-
SEASONS GREETINGS
We wish all of our shareholders a very merry Christmas and a Happy and Prosperous New Year with this picture of our Chief Smile Officer, Einstein Beelzebub Bandit Baloo Baskerville Steffensen, who often accompanies our CEO to our office in The Bengal Wing, Devonshire Square, City of London.
Shareholder News September 17th 2023.
Shareholder Pay-Out will be on 29th March 2024 and will be £4 per share totalling £250 million.
This means that unlike last year, we will be skipping the September 2023 pay-out, which will allow us to commence producing and hoarding more of the gold needed for delivery against our off-take agreements. Inflationary pressures have very much appeared in mining costs and we will need all the funds raised this year in order to make good on our commitments.
Jinbi pushing towards $8,888 for Year of The Dragon!
Jinbi is currently above $5,800 and trending upwards.
Our order book for the Year of The Dragon placement currently stands in excess of 800,000 JNBs, meaning above USD 5 billion in revenue to us after placement costs and other fees.
Assuming all goes well there will also be a substantial Shareholder Pay-Out in December 2024.
We continue to hold 1.18 million remaining Jinbi with a value at today's price of USD 6.9 billion.
Click the link below for the live price on CoinMarketCap.
Next AGM in Spearhavoc Gold will be Thursday April 11th 2024 at our offices in The City of London.
Precise details will be given closer to the date, but please already now reserve your seat by emailing your intention to attend to Spearhavoc Gold Corporate:
.
Shareholder News 23rd March 2023
Year of The Rabbit Jinbi Promotion raised £42m.
Year of the Dragon next - and Jinbi Promotion price will be $8,888!
Year of The Rabbit Jinbi Promotion raised £42m.
We are pleased to announce that we placed 20,000 Jinbis through our Year of The Rabbit promotion, which after fees and placement costs is £42m net to us.
We are now dealing with the various KYC/KYT/AML challenges posed by this and once overcome, we will put the proceeds to work.
Once we have passed that hurdle, we will determine what (if an
We are pleased to announce that we placed 20,000 Jinbis through our Year of The Rabbit promotion, which after fees and placement costs is £42m net to us.
We are now dealing with the various KYC/KYT/AML challenges posed by this and once overcome, we will put the proceeds to work.
Once we have passed that hurdle, we will determine what (if any) portion of the £42m of liquidity, we can pay out to the shareholders; as previously announced we have set aside £250m in the books for shareholder pay-outs and actually expect to increase the pay-out pool to £1 billion next year - the actual pay-out dates will be depending on available liquidity.
Due to the above and the various complications it entails, the next pay-out dates will now be Friday 29 September 2023 and Friday 29th March 2024.
The same minimum payments as on the pay-out of September 2022 will apply, but we are obviously confident that the pay-outs will be much larger.
The size of the pay-outs will be announced on September 15th 2023 and March 15th 2024 respectively.
Large CAPEX on Gold Production ahead.
Year of the Dragon next - and Jinbi Promotion price will be $8,888!
Year of The Rabbit Jinbi Promotion raised £42m.
Now that our Jinbi Promotions are finally bearing fruit, we will go into Capex mode and dramatically increase our gold production (remember that our Jinbi holdings and sales, come with a liability and duty to deliver gold coins in the future).
Therefore, the first and most of our Jinbi proceeds from this year, will be spent on increasing g
Now that our Jinbi Promotions are finally bearing fruit, we will go into Capex mode and dramatically increase our gold production (remember that our Jinbi holdings and sales, come with a liability and duty to deliver gold coins in the future).
Therefore, the first and most of our Jinbi proceeds from this year, will be spent on increasing gold production, which will enable us to stick to our agreements and deliver for our partners.
Jinbi holding and expected to move higher.
Year of the Dragon next - and Jinbi Promotion price will be $8,888!
Year of the Dragon next - and Jinbi Promotion price will be $8,888!
The price of Jinbi on the exchanges have been steady and apart from the occasional sell-off and bouts of profit-taking, Jinbi has consistently been trading above $4,000.
We have 1,180,000 Jinbi remaining after our Year of The Rabbit promotion and they are currently worth $4.8 billion.
However, we expect Jinbi to go higher in the year ahead and that value to increase.
Year of the Dragon next - and Jinbi Promotion price will be $8,888!
Year of the Dragon next - and Jinbi Promotion price will be $8,888!
Year of the Dragon next - and Jinbi Promotion price will be $8,888!
We have now finalized the agreements with our Jinbi Promotion partners for next year (Year of The Dragon on 10th February 2024) and have agreed the lucky (very) price of $8,888.
Demand is already building and we have so far been asked to reserve in excess of 500,000 Jinbis for the promotion.
That would mean $3.3 billion of liquidity for us,
We have now finalized the agreements with our Jinbi Promotion partners for next year (Year of The Dragon on 10th February 2024) and have agreed the lucky (very) price of $8,888.
Demand is already building and we have so far been asked to reserve in excess of 500,000 Jinbis for the promotion.
That would mean $3.3 billion of liquidity for us, more than enough to produce our contractually committed gold AND pay-out the £1 billion we expect to have set aside in total for our shareholder pay-outs (currently £250m is set aside).
We are finally leaving the uncertainty of the bad Corona times behind us and can now more than ever view the future with certainty and the utmost confidence.
Shareholder News 10th January 2023
Year of the Rabbit is upon us.
Preliminary profit for 2022 was £1.2 billion.
Year of the Rabbit is upon us.
The long awaited corona and travel restriction free Year of The Rabbit has finally arrived (or is arriving on January 22nd) and our Far East and South East Asia Jinbi promotion kicks off today.
We expect good pent up demand and view the bunny with confidence.
Jinbi is above $4,000!
Preliminary profit for 2022 was £1.2 billion.
Year of the Rabbit is upon us.
As the intelligence on our promotion starting today has spread and it's relatively higher price than last year at $3,888, the Jinbi price has soared on the exchanges and it is now above a total market cap of $50 billion (yes, that's billlion with a b), making it the 4th largest crypto coin in the world based on marketcap.
See the link below for real time price and marketcap.
Preliminary profit for 2022 was £1.2 billion.
Preliminary profit for 2022 was £1.2 billion.
Preliminary profit for 2022 was £1.2 billion.
With our holding of 1.2 million Jinbi now worth a most satisfying $4.9 billion, we have booked a profit for 2022 of £1,200,000,000.00 whilst still taking a huge reserve for capital investment in our various gold and other metal projects.
The profit works out at £16 per share with the current exchange rate (and will likely be higher by Marc
With our holding of 1.2 million Jinbi now worth a most satisfying $4.9 billion, we have booked a profit for 2022 of £1,200,000,000.00 whilst still taking a huge reserve for capital investment in our various gold and other metal projects.
The profit works out at £16 per share with the current exchange rate (and will likely be higher by March '23 as we expect £ to go to parity against the $).
We expect to be paying out at least £250 million to the shareholders on 31st March 2023 and will confirm final amount per share on Friday March 17th March 2023.
Shareholder News July 2022.
The next Shareholder Pay-out will be on 30th September 2022 and the pot is now £2.5m or £0.04/share.
Due to the pleasant but not unexpected performance of our Jinbi holdings, we are happy to be able to double the pay-out for September 30th 2022 to £0.04 per share,
Jinbi above $2,000!
As previously announced, we hold 1.2 million Jinbis currently worth well above $2.4 billion and we are confident that Jinbi's emerging status as THE gold backed token in the cryptosphere and also its status as a safe-haven in turbulent times, will take it even higher in the years to come.
Inner Share Value is now £22.40 per share.
After setting aside reserves for gold production, mine upgrades and acquisitions, the inner value of the operating company is now £1.4 billion or £22.40 per share (our float is 62,500,000 shares).
KYC request from all Shareholders.
Our new bankers, Danske Bank, have requested that due to the substantial nature of this and future pay-outs, we update our KYC files on all shareholders eligible for the pay-out.
For good reasons, Danske Bank, is a bit scared of Russians at the moment and we have confirmed that we have no Russian shareholders, but nevertheless we need to do AML, KYC and KYT in order to process the payments.
The costs of this exercise will be borne by Spearhavoc Gold.
Kindly send picture ID (passport or Driver's License) and Proof of Address (utility bill, bank statement etc) to: info@spearhavocgold.com. The deadline in order to be eligible for the pay-out is September 15th 2022.
For Corporate, Trust and Institutional Shareholders, your usual KYC package will suffice.
We apologize for this inconvenience, but unfortunately that's the world we live in these days.
Change of Domicile to Dominica.
The Board took the decision a while back to change the jurisdiction of the operating company and we are pleased to announce that for a long time, the company has been operating as Spearhavoc Gold (Dominica) IBC.
W Resources delisting from LSE-AIM.
We remain a large shareholder in W Resources and despite their delisting from AIM recently (a sneaky, sneaky take-over defence; sneaky but so far effective), we are more confident than ever that we will eventually own the company (https://wresources.com/) and to further that aim, we have been conducting discussions regarding the right approach to a take-over with Strand Hanson (https://strandhanson.co.uk/) and these talks are on-going.
We will update the shareholders in due course.
Shareholder News March 21st 2022
The next Shareholder Pay-out will now be on 30th September 2022 and the pot is £1.25m or £0.02 per s
Shareholder Pay-out.
Despite most of The Far East and South-East Asia having been closed over Chinese New Year 2022 due to Corona restrictions, our Jinbi distribution efforts have met with some success and after setting aside means for increase in gold production and gold related acquisitions, we are happy to be able to pay out £1.25 million to the Shareholders (£0.02 per share ).
In order to maximize our Jinbi distribution, we extended the period past February '22 and thus the pay-out has also been delayed and despite our hope to be able to pay out on April 15th 2022, it has been delayed until September 30th 2022.
We had also hoped to be able to pay out a far more significant amount (not unwarranted as our Jinbi holdings now are worth more than $1.5 Billion - we hold 1.2 million Jinbis and the price is above $1,250 on CoinMarketCap - see link on the right), but with limited distribution channels open, we did as well as could be expected.
However, Corona has now scuppered/reduced our distribution plans for the 3rd Chinese New Year running and while we have other avenues of distribution, we still believe that our current path is the best and judging by the demand we have had despite the very limited channels, we think that (Corona willing) next year, which is Year of The Rabbit and kicks off 22 January 2023, will be very successful AND we have already agreed the higher price of $1,888 with our partners out east.
So HOPEFULLY, the pay-out in September 2022 will dwarf into insignificance compared to what we can do in April 2023.
For those 33 smaller Shareholders, whose pay-out calculates under £1,000, please note we have decided to bump your pay-out up to £1,000.
Thus the smallest pay-out will be £1,000 and the largest £308,000 to our 100 Shareholders for a total of £1,250,000.
Other News.
We have sold our stake in Freeport-McMoran Copper and Gold above $50 per share after a good run-up in the price and secured a decent profit.
We have used the funds to increase our stake in W Resources, whose share have collapsed recently (market cap now below a dirt cheap £5 million), which is great given that we eventually want to own W Resources for their Portugal gold assets. We will slowly but surely continue to add to our shareholding until we own it.
Jinbi.
Jinbi continues to rally and is currently above $1,250 - we expect Jinbi to continue it's rise and project a price at the very least above $2,000 by this time next year, where we expect to have taken significantly more money off the table in The Year of The Rabbit.
Shareholder News 1st December 2021
Jinbi above $1,000!
Far East Casino Distribution Going Ahead
Far East Casino Distribution Going Ahead
We are very pleased with Jinbi's price development and happy to see that our holding of 1.2 million Jinbi now is worth in excess of £900 Million / USD 1.2 Billion / DKK 8 Billion, which equates to apprx £14.50 per share.
Far East Casino Distribution Going Ahead
Far East Casino Distribution Going Ahead
Far East Casino Distribution Going Ahead
Despite the various Chinese crackdowns on crypto-currencies in Macau and domestically, we are very confident that our distribution in the rest of the Far East over Chinese New Year (Year of The Tiger) will go ahead.
The latest variant of Corona is a bit of a spanner in the works, but we are confident that we shall also overcome Omicron.
Geneva Gold Still Accumulating
Far East Casino Distribution Going Ahead
Geneva Gold Still Accumulating
We continue to add to our gold reserves in Geneva and will accumulate gold consistent with our delivery commitments under our off-take agreements.
We take this opportunity to wish our Shareholders, Partners, Service Providers, Consultants and Employees a very merry Xmas and a Happy and Prosperous New Year.
Shareholder News 1st November 2021
Jinbi on the rise!
Next Shareholder pay-out will be 15th April 2022.
Next Shareholder pay-out will be 15th April 2022.
As part of the gold off-take agreements we concluded in Q1 2021, we hold 1.2m Jinbi.
As per above CoinMarketCap closing price from 31/10/21 at 17.15h of $333.36, they are now worth apprx 400m. We expect Jinbi to go higher and we are confident we will see the price above $1,000 in early 2022.
If you would like to follow Jinbi, which of course dramatically impacts the performance of Spearhavoc Gold, click below:
Next Shareholder pay-out will be 15th April 2022.
Next Shareholder pay-out will be 15th April 2022.
Next Shareholder pay-out will be 15th April 2022.
Having made 3 interim quarterly payments in 2021, the full payment for 2021 will be paid out on April 15th 2022.
We expect the pool available for pay-out to be in excess of £100m.
We have a float of 62.5m shares, so the pay-out should be a minimum of £1.6 per share.
We continue to work hard on our strategy towards our goal, which is to produce 1.8m ounzes of gold by 2025, whilst delivering significant pay-outs to our shareholders along the way.
We view the future with confidence.
Shareholder News 1st October 2021
Year of The Tiger just got more interesting.
Spearhavoc Gold sponsors The ALVC Society London's 101st Birthday Dinner held in honour of Anders Lassen VC MC & 2 Bars
Spearhavoc Gold sponsors The Navy Wings Charity Shoot in September 2021.
The recent Chinese ban on all crypto currency transactions and any related banking transactions adds a sporting aspect to our distribution strategy in the Far East and South East Asia for Year of The Tiger.
It's too early to tell what the impact will be on our substantial Jinbi holdings and we are a keen observer of any more news out of Ch
The recent Chinese ban on all crypto currency transactions and any related banking transactions adds a sporting aspect to our distribution strategy in the Far East and South East Asia for Year of The Tiger.
It's too early to tell what the impact will be on our substantial Jinbi holdings and we are a keen observer of any more news out of China - with the Covid beast also re-awakening out East, it makes for an edge-of-your-seat 2 quarters ahead.
Nevertheless, we view the future with confidence.
Spearhavoc Gold sponsors The Navy Wings Charity Shoot in September 2021.
Spearhavoc Gold sponsors The ALVC Society London's 101st Birthday Dinner held in honour of Anders Lassen VC MC & 2 Bars
Spearhavoc Gold sponsors The Navy Wings Charity Shoot in September 2021.
For more on our charitable activities, click below.
Spearhavoc Gold sponsors The ALVC Society London's 101st Birthday Dinner held in honour of Anders Lassen VC MC & 2 Bars
Spearhavoc Gold sponsors The ALVC Society London's 101st Birthday Dinner held in honour of Anders Lassen VC MC & 2 Bars
Spearhavoc Gold sponsors The ALVC Society London's 101st Birthday Dinner held in honour of Anders Lassen VC MC & 2 Bars
For more on our charitable activities, click below.
Shareholder News 1st September 2021
We look forward to The Year of The Tiger
Spearhavoc Gold will make 3rd pay-out to the Shareholders on October15th 2021.
Spearhavoc Gold will make 3rd pay-out to the Shareholders on October15th 2021.
We are in full swing preparing for placing some of our Jinbi holdings in Asia over The Year of The Tiger Chinese New Year commencing on 1st February 2022 with our usual partners and channels and some new partners also.
The revenue expected will form part of the Q1 2022 Shareholder Pay-out, which is expected to be substantial.
Spearhavoc Gold will make 3rd pay-out to the Shareholders on October15th 2021.
Spearhavoc Gold will make 3rd pay-out to the Shareholders on October15th 2021.
Spearhavoc Gold will make 3rd pay-out to the Shareholders on October15th 2021.
We continue our policy of quarterly pay-outs to our Shareholders on October 15th 2021.
The amount paid out to each Shareholder will be the same as the July 15th 2021 and April 15th 2021 pay-outs.
Our business remains solid and we continue to execute our strategy towards the goal of becoming a major European based gold producer.
Shareholder News 1st May 2021
Spearhavoc Gold will make the 2nd pay-out to Shareholders on July 15th 2021.
As we keep accelerating our gold production interests, we are pleased to announce that there will be a further pay-out to Shareholders on 15th July 2021.
We are not yet sure of the exact amount, but expect the pool of money available to be significantly larger than the 1st pay-out and in the region of £0.5 million to £2.5 million.
The pay-out will be pro-rata with the usual minimum payment floor - in order to estimate your pay-out, please note that we have 62,500,000 shares outstanding.
We keep adding to our gold stocks.
We now have significant gold stocks consisting of a mixture of gold bars, gold coins and gold dore.
We will continue to build the gold holdings in order to make our off-take agreement commitments of 1.2 million ounces by 2025.
We will also significantly increase our gold leasing and lending business and expect it to add serious value to our bottom line.
As our business grow, we are also increasing our storage capacity with our vault partners world-wide.
Shareholder News 15th April 2021
Spearhavoc Gold makes the first pay-out to our 98 Shareholders.
Part of the pay-out was from our stock of Metalor Gold Bars in Switzerland.
Part of the pay-out was from our stock of Metalor Gold Bars in Switzerland.
The first of many pay-outs was made on April 15th 2021 and the source of funds was the sale of some of our gold stock.
Part of the pay-out was from our stock of Metalor Gold Bars in Switzerland.
Part of the pay-out was from our stock of Metalor Gold Bars in Switzerland.
Part of the pay-out was from our stock of Metalor Gold Bars in Switzerland.
We expect to continue to receive gold bars and coins into our various vaults world-wide and will continue to share the wealth with our shareholders.
