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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 Jan 26, 2019 5:23pm
83 Views
Post# 29285480

RE:RE:Valuation?

RE:RE:Valuation?To receive free shares of Monster Exploration, you need to be shareholder of Toma at the moment of  the registration date that the company will determinate. For ORX, the registration date was 1 day before the AGM. For GSH the registration date was 3 weeks after the AGM.

Thus, to receive free shares, you need to be shareholders before the registration date.After this date, if you want Monster Exploration shares you will have to buy after the open markets.

If we suppose that LOT’s halt resume happen before the agm, for those who are not already shareholeder of LOT, they will need to buy LOT’s shares until the registration date to be eligible of free Monster Exploration shares. For those who are already shareholders and want to have a maximum of free Monster Exploration shares, they will have until the registration date to accumulate more.

So, in conclusion, and I hope to be right, I think that between the halt resume and between the registration date we will see a buying volume of LOT’s shares and an increase of the SP. The actual shareholders who want free shares will have no reason to dump before the registration date, including IMG. It’s not a prediction that I make, I suppose that and I hope that but nobody has a crystall ball.

Thus, I hope the buying volume and the increase of the SP before the registration date cause I want to have the 2 possibilities between the halt resume and the registration date, 1) to sell with a good profits (much over my average cost at 6,6) but I will accept to don’t receive Monster Exploration free shares OR 2) keep my shares until the registration date, obtain free shares, live the remaining Toma rollback and gamble with the future of my investment with Monster Exploration

Bullboard Posts