Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Post by shnepson Oct 19, 2020 5:01pm
306 Views
Post# 31743017

Two Ideas Moving Forward.............

Two Ideas Moving Forward.............I am looking at two different possiblities for the main diamond prospect (BK16) moving forward:

1.  As Lucara is already a shareholder, Tsodilo partners with Lucara for $5M to execute the bulk sample of BK16. I personally question Lucara and how they continued to have the dividend extend for so long knowing they needed the resources moving forward for the advancement of the UG works. Most likely pushed by Lundin who holds the most shares but not very business wise for the UG advancement.

2.  The second would be for EHR Resources to take stake in BK16 bulk sampling. The 5M cost of the bulk sample is right in their ball park for an early exploratin opportunity.

I believe Lucara has first right of refusal but EHR may force them to "shite or get of the pot", so to speak.
A couple of thought s moving forward.
Cheers
<< Previous
Bullboard Posts
Next >>