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Trigon Metals Inc V.TM

Alternate Symbol(s):  PNTZF

Trigon Metals Inc. is a Canada-based exploration and development company. The Company is focused on copper and silver holdings in mine-friendly African jurisdictions. The Company has operations in Namibia and Morocco. In Namibia, it holds an 80% interest in five mining licenses in the Otavi Mountainlands, an area of Namibia generally recognized for its high-grade copper deposits, where the Company is focused on exploration and re-development of the producing Kombat Mine. In Morocco, it is the holder of the Silver Hill and Addana projects, highly prospective copper and silver exploration projects. The Silver Hill is a 16 square kilometers (km2) property located in the Anti-Atlas region. The Kombat Mine is located in the Otavi Mountainland on the Northern Platform Margin of the Damara Orogenic Belt. Its Kalahari Copperbelt Project includes a substantial land package in Namibia with primary Exclusive Prospecting Licenses (EPLs) covering 280 km along the strike of the Kalahari Copper Belt.


TSXV:TM - Post by User

Post by Varscona253on Jun 28, 2023 5:04pm
170 Views
Post# 35519355

now we know

now we knowthis new private placement explains, in my mind, the huge short position. I am not a fan of this move as J R has stated in the past that Silver Hill was just too big for TM to develop on its own. Now with another land package that is 14 times the size of Silver Hill, I have to wonder what their thinking is. TM indicated that they were going to increase their land package around Silver Hill because of the good results that were found on the edge of their property. So far, there is no indication that they have been succesful in increasing Silver Hill. It seems to me that they were given a consolation prize of a large parcel of moose pasture, Morrocan styel.
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