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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 Mineralveinon Mar 05, 2021 11:00am
235 Views
Post# 32727841

OTQCB Listing

OTQCB ListingDoes anyone know why Tsodilo would seek listing on the OTQCB?  Seems like it increases reporting requirements, etc.  While this provides more transparency for investors and consistent reporting - it begs the question, why now?  Seems like it may increase operational costs - could there be some external factor that drives this?  I see how this would improve accessability to some brokers - but that would not drive investors without some underlying improvement in Tsodilo's situation, i.e., funding, new discoveries, etc.  Has moving to the OTQCB ever preceeded some follow on moves with other companies who have listed on the OTQCB - joint agreements, new outside funding?  Just pondering if this is some prelude to something else.  If you have any insights about moving into this type of listing, please comment.
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