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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
Comment by labrador6on Aug 30, 2018 6:31pm
40 Views
Post# 28545852

RE:RE:RE:RE:capital raises will be very difficult for Toma

RE:RE:RE:RE:capital raises will be very difficult for TomaI really look forward to seeing the next financial statements (for june, july and august).

On May 31th, the current payables was $227 000. We add the burn rate for june, july and august. And at the end of the year??

David has just to make another PP of $2.5M with Iamgold LOL. After this other PP, only 4 Toma's PR in the next year (2019):

1) He creates a rock brokerage business on the moon
2) Acquisition of few claims in Quebec (for 300 000 shares)
3) Not drill program, but a geophysical survey on a property
4) Finally, in August 2019, he informs the shareholders that the rock brokerage business on the moon never happen.

I forgot that in the 4th PR of August 2019, he will give some general informations (as updates) about our properties. To reassure the shareholders and put a positive vibe, he his going to declare. "Despite the excellent results of the Monster Lake resource estimates and our extensive landholdings around the deposit, we feel that the share price does not fully reflect the value and potential of our assets.We will therefore take the next few months to assess the various strategic options for developing the corporation in the best interests of our shareholders."

 

 
Bullboard Posts