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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

Post by INVESTING2000on Dec 12, 2020 9:39am
165 Views
Post# 32092796

The Sad legacy continues to the determent of current

The Sad legacy continues to the determent of currentshareholders. New BOD. Drilling plans announced. We should be well over $0,14. So why does Tomagold trade below its cash value? No value given to its assets? No value for the future? The legacy of David and Martin haunt LOT. IMO the investment community and market continue to deem they are negative to the success of Tomagold. When an entire BOD resigns it send a signal that something was seriously wrong. We can only hope the new BOD is made up of true honest business professionals with integrity and values. That they will not allow Tomagold to limp along while our cash reserves disappear to bad land deals and to management in the way of salaries, expenses, bonuses, rent (one of the many conflicts of interest with our CFO) and other ‘costs’. That is the message I am seeing from the market based on the stock closing at $0,075. No faith in LOT yet. Hopefully that changes. After waiting for over 3 year of available planning time, to see a small 2,500 m drilling program was very disappointing. I expected a much more robust plan. At this rate it will take decades to get anywhere unless we get extremely lucky. Lets hope the new BOD isn’t as patient for success as other keep touting. We need some leadership and aggressive drilling campaigns. The upside is massive. But can it be unlocked? And who will do it?

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