Things are coming together. Previously TomaGold Corporation (V.LOT) had only done shallow drilling, less than 125 meters, on their property. They did have multiple gold showings including half a pound of gold per ton (237 g) over 5.7 meters at a depth of 70 meters. Since there were indications that further areas of gold might be found deeper down they decided to do nine deeper drillings. The first three have come back with assays of 33g, 11g and 42g gold/ton. These were around 200 meters deep, which is not that deep, and were in widths ranging from 5 to 7 meters. Those are substantial widths. One gram per ton is considered good, anything over 10g/ton is considered great, and 30 to 40 g/t is considered mind blowing. And this was just the first three of 9 holes. And don't forget that there are monster grades even closer to the surface. The stock is moving straight up as people speculate what the rest of the holes will show. V.LOT has previously been over a dollar a share and before that over $3/share. Lately financial institutions have been financing companies that show great drilling results or that have strong finances plus good potential. So TomaGold could get financing and their stock price could keep climbing, especially if the rest of the holes also show good grades of gold.
Stellar Pacific Ventures still has 5 million shares of TomaGold. This could end up being worth a lot of money. Steller had said that they were considering doing a reverse split so that their stock price would be higher and thus they could raise money by issuing more shares. They may now decide that they don't have to do this. And they may not even have to sell their LOT shares to raise money. A financial institution may loan them the money, on excellent terms, because they will know that the company has the LOT shares that they can use as collateral and also because they have excellent properties to go along with the finacial strength that they have in their V.LOT shares. Even though Stellar Pacific's properties are next to and even inside Mali, this is now not such a big problem. The French and Mali government troops continue to advance and consolidate their positions, and they are being assisted with American and British co-operation.
Alka Sing, the founder of Mine2Capital now says: In our view the perceived risk is greater than the actual risk in Mali.
Investors in general may also be starting to come to come to this view point. In the American OTC market the symbol for Stellar Pacific Ventures is STLXF. For months now the bid/ask has been stuck at .004/.020, and in fact it was still there this previous Monday. Since then the Bid/Ask has been climbing and Friday it closed at .01/.025 This is a big jump. It may indicate that people are getting interested in our company and that its price is going to start rising. We'll have to see what happens, but I wouldn't be a seller here and then have to stand by and see our stock take off. It's been a long time, but things might actually be improving.