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Tsodilo Resources Ltd V.TSD

Alternate Symbol(s):  TSDRF

Tsodilo Resources Limited is a Canada-based exploration stage company which is engaged principally in the acquisition, exploration, and development of mineral properties in the Republic of Botswana. The Company is engaged in the search for economic metal and diamond deposits at its Gcwihaba Resources (Pty) Limited (Gcwihaba) and Bosoto (Pty) Ltd. (Bosoto) projects in Botswana. The Company has a 100% stake in its Gcwihaba project area consisting of five metal (base, precious, platinum group, and rare earth) prospecting licenses all located in the North-West district of Botswana. The Company has a 100% stake in Bosoto (Pty) Ltd. which holds the BK16 kimberlite project in the Orapa Kimberlite Field (OKF) in Botswana. It manages the exploration of the Gcwihaba and Bosoto projects. The Company holds a 100% interest in Newdico (Pty) Limited (Newdico), which provides administrative, operational, exploration, geophysical, and drilling services to the Company’s other subsidiaries.


TSXV:TSD - Post by User

Bullboard Posts
Comment by allthatglitterson Jan 07, 2019 11:36pm
103 Views
Post# 29198427

RE:next steps.

RE:next steps.The present share price seems really hard to figure.  There is still work to be done on the BK16 project, but at this point it does still look promising.  Lucara's Karowe mine has a limited life for open pit mining, and another source of diamonds would be a big deal for them, and they invested in the company and publically stated that this is their best exploration project. So this seems an attractive takeover for them.  Debswana's Letlhakane mine ceased open pit mining in 2017 and has an idle processing plant that is even closer than Karowe, so this would be attractive to them as well.  There is also the real possbility of value in the alluvial licenses that Tsodilo holds, surrounding the Karowe mine, and Fireston's BK11 and another portion near the Letlhakane mine.  See https://www.tsodiloresources.com/s/Diamond.asp?ReportID=790752.  It would not take more than a couple of large diamonds in the paleo channels Tsodilo has identified to make those alluvial licenses a very big deal. And this is all in addition to the metals resources that are either proven or prospective.  I have been holding this for a long time waiting for a big payoff that has been slow in coming but still seems highly likely.  Certainly its present market cap of about $8M seems a small fraction of what this company will eventually bring.  Several times over the last month or so it seems someone has taken close look and bought 50K to 100K shares in a day.  I can't understand why everyone is not jumping on this stock at its current price.   


pure wrote: as of Nov 27 there are 18886251 shares on the market, 26461059 shares are held by institions and insiders. 10,700,000 warrants (@ 75c US) are about to expire. So we have a company sitting on $300,000,000 USD diamonds with a market cap of $7,500,000 USD where 58% (5% or more holdings) of the shares are owned by 7 entities. just sayin...


Bullboard Posts