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TomaGold Corp V.LOT

Alternate Symbol(s):  TOGOF

TomaGold Corporation is a Canadian mineral exploration company. The Company is engaged in the acquisition, assessment, exploration and development of gold, copper, rare earth elements and lithium projects. Its projects include Obalski, Star Lake, Brisk Extension, Monster Lake East, Monster Lake West, Hazeur, Lac Doda and Baird. The Obalski property consists of 74 claims covering an area of 2,740 hectares (ha) or 27 square kilometers (km2), located approximately two kilometers (km) south of Chibougamau, Quebec, in the heart of the Chibougamau mining camp. It holds a 100% interest in 214 claims (Star Lake property) over an area of 10,906 ha, the land position in the sector. It holds a 100% interest in 107 claims (Brisk Extension) covering a total area of 5,487 hectares (or 55 km2). The Monster Lake East property consists of 105 mineral claims covering an area of 5,867 hectares and located directly to the east of the Monster Lake property.


TSXV:LOT - Post by User

Post by INVESTING2000on May 27, 2022 5:04pm
168 Views
Post# 34713461

LOT or LOL? Another Friday junk news release. They continue

LOT or LOL? Another Friday junk news release. They continueto show complete disrespect to shareholders by issuing themselves another 3.9 million shares after 18 months of nothing. More dilution. Stock didn't even trade a single share today after the news. And David is trying to buy himself another 3+ month with a very iffy commitement to drilling. And only drilling and results will drive this stock. I guess the longer he drags this out, the more IMG and GOT shares he can convert into cash for salaries, expenses, bonuses, consulting and Martin's rent bills. Why bother with a robust and active drilling program to help build shareholder value and prove the property's worth when you can, year after year, earn an excessively high salary? Change is needed ASAP while Tomagold has some cash left for exploration.
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