Twigg Gold Ltd. terminated agreement
Twigg Gold Ltd. terminated agreement (sell its Igurubi and Msasa assets to TZM) effective immediately.
Excellent Management!
Unable to close the deal during approx. 10 months.
Spent a lot of cash, if there was still any, for nothing.
Destroys an excellent opportunity for Tanzania.
May be 0.005 per share soon, means market cap of approx. 350000 CADs.
This will be the signal for investors to stay away from TZM and Tanzania or it becomes very expensive.
Very difficult situation for targeted financings.
Tanzania/Africa seems not to be able to understand the signals they are sending.
Or do I miss something important?