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Toachi Mining Inc TIMGF

Toachi Mining Inc is involved in the business of acquisition, exploration, and development of mineral properties. The principal business activity of the company is the development of the La Plata project's gold, copper, zinc and silver volcanogenic massive-sulfide project in Ecuador. The company operates in a single segment being the mineral exploration in Bolivia and Ecuador.


GREY:TIMGF - Post by User

Comment by rockmoneyon Jan 21, 2019 11:16am
42 Views
Post# 29259456

RE:jaemak

RE:jaemakI posted a few weeks back that the company was broke, based on reading their last FS and forecast a raise this quarter. It came sooner that I exepected. I personally do not care for the high interest rate they have to pay out on this and it's not a lot of money either. But still good they got it done, because any financing option will be extremely dilutive. 

As to this statement that appears here "when these guys are ready..."? What the hell does that mean? This is not a new story. It was listed in early 2016 under another team and the stock performed beautifully. It was ready two years ago and especially when the 43-101 was finally completed. Then it went to sleep. 
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