TomaGold Corp V.LOT

Alternate Symbol(s): TOGOF

Metals & Mining Gold

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.

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TomaGold Corp > Help me with my math.

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Comment by PeterThomason Nov 14, 2020 10:05am

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Post# 31901012

RE:Help me with my math.

INVESTING2000 wrote: IMG 1,464,377 shares x $4.47 = $6,545,765.10. The very well structured deal was for a so-called $8 million in shares. Seems one week into our new era twe have already managed to lose $1.5 million in cash. And I won't bother to mention Pacton...

Directors and management need to be compensated. They are using the cash for this. Drilling is secondary and far down the list of priorities. pacton does the same thing. They just dangle worthless NRs and never follow-up or execute. I don't trust Grondin after how he treated shareholders in 2019-2020. He should be removed.

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