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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 Feb 08, 2017 9:24pm
101 Views
Post# 25820331

LOT undervalued. Is it under-managed?

LOT undervalued. Is it under-managed?Is David capable of taking LOT forward? He has made some good property acquisitions but there is also a list of questionable, and straight bad deals (that both ended up dead in the water). Very poor PR (if any). No good institutional investors. No new, bigger players getting involved. Slow pace on things while salaries increase and bonuses paid. Cannot tell you the last time a financing was announced that is was completed above 25%. Grecko looked good until they realized management wasn't going to increase shareholder value to their expectations. I'll continue to give him until the end of April to show shareholders that he, as President, is looking out for shareholders and can more importantly drive shareholder value rather than using Tomagold as an ATM for him and his associates. When looking at comparible companies, LOT is extremely undervalued. The questions is why?
Bullboard Posts