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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 Apr 01, 2017 5:50pm
149 Views
Post# 26063558

Very undervalued

Very undervaluedbecause there in no news. Obalski was very positive but the fact management did not come through with the winter drilling program on Hazeur they killed the share price. Unless IMG releases partial results, expect another several months before we hear any news. Re: Monster - LOT fortunately still owns 25%. Good results alone could add $0.20 to the sp. The lack of news on Sidace another big negative re: sp. David and the board has lost the confidence of the market with their word and their ability to develop properties. David made some good acquisitions, but doesn't seem to know how to take them to the next level. He is clearly going to do nothing now until we get Monster results. He needs to see the sp hopefully rise so he can do his next financing. So more dilution coming - just a question of at what share price. The August 2017 bonus is just around the corner. He should consider joining the team at Bombarier. Oh wait, they rolled back their raises and bonus due to performance issues and the outcry of shareholders. If we ever get our act together with our great assets, this stock will be at $0.50 or more in no time. Our current market cap is a joke when compared to all the other juniors with similar profiles and results.
Bullboard Posts