RE:For the Record !!Fact: TUD had $7 million of cash on December 31.
Fact: TUD spent almost $30 million on drilling and overhead in their last fully reported year
Fact: Today is June 14, 2024
Fact: TUD will need to raise money whether through the issue of shares, other secuities, debt, loans, racking up payables to $20 million, selling assets, etc. $7 million is a very small number to have had 6 months ago. Of course, TUD myight by sellin under the ATM but cant imagine theyve sold much. Whats the point of an ATM if youre sellin at multiyear lows a bit at a time???
I havent watched the youtube video your reference where KK says TUD is fully funded, but the public disclosure suggests otherwise.
Stockmoves1 wrote: These scammers say TUD needs the money desperately. The interview Ken is giving on Kitco posted a day ago says they are funded absolutely.. Who do you believe? The CEO or Dingdong. A typical example of the lies and deceipt and for that reason they are skating on thin ice. Sue their backsides to the wall I say. Then again some of these characters these companies hire are likely already looking thru bars. Perhaps that is their safeguard lol.