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TomaGold Corp V.LOT

Alternate Symbol(s):  TOGOF

TomaGold Corporation is a Canadian mineral exploration company engaged in the acquisition, assessment, exploration and development of gold, copper, rare earth elements and lithium projects. The Company is focused on consolidating the Chibougamau Mining Camp in northern Quebec. In addition to the agreements to acquire 13 properties in the camp, the Company holds interests in five gold properties in the vicinity of the camp: Obalski, Monster Lake East, Monster Lake West, Hazeur and Doda Lake. It also owns a 100% interest in a lithium property and in the Star Lake rare earth elements property, located in the James Bay region of Quebec, as well as a 24.5% interest in the Baird property, located near the Red Lake mining camp in Ontario through a joint venture with Evolution Mining Ltd. and New Gold Inc. The Obalski property consists of about 74 claims covering a total of 2,740 hectares (ha) and lies three kilometers (km) south of Chibougamau, Quebec.


TSXV:LOT - Post by User

Bullboard Posts
Post by INVESTING2000on Sep 19, 2016 7:20pm
109 Views
Post# 25253881

We need exploration not dilution!

We need exploration not dilution!Too many deals doing nothing for shareholder value, just more dilution. Lets start work on one of our many properties and build some shareholder value. Buying a company that's had a market cap of only CDN $1.4 million forever for what David paid (over CDN $3 million) is a blessing for their shareholders stuck with non-liquid, dead shares. Wish i was holding some of their stock. A nice day for them. We paid too much for what we just added to our growing list of undeveloped properties. All that these new acquisitionss are doing is spending our money in the wrong places. We do not need any more properties. We need exploration, focus, focus, focus and development. The market has spoken again. Another much ado about nothing. Hope management can refocus their efforts and stop trying to distract shareholders with these questionable purchases. Lets tackle our Canadian opportunities in our own backyard.
Bullboard Posts