Bullboard - Stock Discussion Forum TomaGold Corp V.LOT

Alternate Symbol(s): TOGOF

Metals & Mining Gold

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... see more

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TSXV:LOT - Post Discussion

TomaGold Corp > The mystery outflows.

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Post by INVESTING2000 on Dec 17, 2021 2:30pm

The mystery outflows.

12 months ending August 31, 2021 - what did we actually do between Aug 2020 and Aug 2021 to burn this much?

Profesional Fees: $183,336
Consulting Fees: $346,318
Salaries: $237,883
Share Based Payments: $287,792

For a $0.05 stock, there are some 'professionals' and 'consultants' being very well taken care. I wonder who's pockets this over $ 1/2 million dollars went into.

Terrible Board oversight. Of course maybe some of them are these so-called consultants.

These numbers might be acceptable if Tomagold had a $30 million + market cap. But given we are trading under cash value, these numbers are criminal based on zero success.

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