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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 Jun 23, 2019 9:58am
142 Views
Post# 29853586

RE:Over 5 months...

RE:Over 5 months...Investing2000 I totally agree with you. 

It's just a supposition that I make but if we remember when the insiders bought each in a same time a lot of shares 1 year ago (I don't verify but in my mind is 1 year ago) good chance it was because the project was in the table and at this moment it was just not a possibility. I'm pretty sure that they worked on the paper works since few months before january 2019. 

There are some reasons why we are at the end of June (tsx approvals, paper works not complete ect...) and we still halt. Just 1 PR from the company since january. In my opinion this is a lack of transparency.

They manage this company as a private one. LOT is a public company. It's not complicate to give some updates to the shareholeders every months to explain the situation, where they are with the paper works, the approvals ect... and the shreholders will probably understand everything. But no, they maintain the shareholders in a black out.

I'm just a little investors as you in the exploration companies world. I don't have the qualification to be a CEO or on a management team but if I were CEO, it would be seem logical for me to inform the shareholders from time to time.


Bullboard Posts