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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 May 27, 2022 5:04pm
195 Views
Post# 34713461

LOT or LOL? Another Friday junk news release. They continue

LOT or LOL? Another Friday junk news release. They continueto show complete disrespect to shareholders by issuing themselves another 3.9 million shares after 18 months of nothing. More dilution. Stock didn't even trade a single share today after the news. And David is trying to buy himself another 3+ month with a very iffy commitement to drilling. And only drilling and results will drive this stock. I guess the longer he drags this out, the more IMG and GOT shares he can convert into cash for salaries, expenses, bonuses, consulting and Martin's rent bills. Why bother with a robust and active drilling program to help build shareholder value and prove the property's worth when you can, year after year, earn an excessively high salary? Change is needed ASAP while Tomagold has some cash left for exploration.
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