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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 Oct 17, 2021 5:45pm
154 Views
Post# 34016042

Slow train to no where (also known as Tomatown)

Slow train to no where (also known as Tomatown)Management and the BOD continue to be overpaid and delivering nothing in the way of news, success or performance. Next results will be similar to March results, good but not great. Combined with inept management and oversight, the stock will continue to langusih at these lower levels. Until the BOD can show they are not corrupt and chose to act in a professional manner, Tomatown will be a two dog show with a bunch of leaches sucking the well dry. 1 year since the last annual meeting, a new BOD and since we added a new geo for other projects. Given her past disaster Red Metal, no wonder nothing has happenned. I guess it was another side deal David had to make good on. It appears too many side deals, back door deals and unaccounted funds are scaring away investors. At least one would think they would have the decency to do a little work from time to time and try to show some positive results towards building some legitimate shareholder value. Unless we luck out and hit a great hole late in the  'O' drill program, David will need to dilute Tomagold further to ensure he, Martin and the new BOD can continue to live the lifestyle they have been accustomed to in Towntown.
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