RE:Tomagold consolidates its position in Monster Lake propertyNobody in their right frame of mind would think that Tomagold would go and spend $565.000.00 dollars for the latest accusations without a deal in place. Don’t sell your shares cheap, don’t lessen
to paid bashers here. Wait and see how this story unfolds.
To me there are two scenarios, and both are pure speculations :
1) IAMGOLD buys Moster Lake Properties hopefully for 15 to 20 million. Shareholders get .10 cents per share one time dividend and the rest stays with Tomagold for future exploration. Tomagold has many other properties to explore, maybe another joint venture right after ???
2) Partnership with another company or investor that’s willing to bankroll Tomagold’s operations.
Second scenerio not likely to happen.
Good luck to all real shareholders here !