Tantalex Lithium Resources Corporation C.TTX

p.s.

[KozmoT]

And your excuse about it being "too rainy" for drilling is pretty funny considering Jan/Feb are two of the drier months for this part of the Congo.  Maybe you need a new one like - no money?

[Sylt1204]

I think TTX really wanted to start drilling this time in 2021, hired new staff, but again no drilling, the same as in 2019. The problem is there is now money to drill, but these are debts and if that doesn't work, then leave the lights out here. The debt is enormous here. I suspect that something is wrong with the licenses, so that drilling cannot start even though the drills are already on

[stkinvestor75]

interesting theory. Only issue is it's based on a rhumor on AVZ board from AVZ shareholder....so are you basing your whole investment strategy based on a rhumor?

[Sylt1204]

Why does the management not publish any news? What is the current status of the drilling program, if there are delays, then why, the reason and why you can publish a news. I am happy to wait a few more months, but for what? Because we are not informed, everything is speculation. The management has indicated that the drilling will start soon, the drills are on site, in the presentation was February

[KozmoT]

The problem I imagine is that they need to find a drilll company stupid enough to work for 5 cent shares that they may never be able to sell if they get delisted or a Cease Trade Order ... again.  That last PP raise AT ONE CENT ?!?!?, was only for $650K and wouldn't even cover a third of their trade payables and keep in mind their last 3 month Admin Expenses burn rate was just under

[stkinvestor75]

I agree they could be more transparant and that this doesn not help them nor the share price. I'm sure they have their reason. At the end of the day, it's a question of confidence to the management team. BTW, if they can't have access to the sites, they would know this since 2019. It would have been hard to convince a strategic partner to invest 600k and to recruit Mr Kanbongo who is

[stkinvestor75]

Have you ever taken time to talk to the management team? Wrote some email? personnally I have. I invest first in people. Trust must be present. Companies face adversity. Good management clears those hurdles. This management teams took a company which was near bankrupty. They did a private placement, found a strategic partner. The cleaned their balance sheet. They are working on more deals

[KozmoT]

Low burn rate?!?! They spent over $280,000 on Adimistration costs alone in just htree months!! Never mind the freakin crippling $2,700,000 in "Trade Payables" they had on their most recent Statements. The question isn't what happened to the Winter Drill Program (again), the question is how are these gyus even still a listed operating company?!?

[stkinvestor75]

maybe you should learn accounting basic understanding before commenting. Those expenses were mainly consulting fees to a CFO company and others. Those were expenses but not paid but cumulated as debt.  That is not a bad thing. Yes, it affects P&L but who cares, this is an exploring company. Cash is king for an explorer company. And the fact they are willing to push the expense to later

[KozmoT]

Actually under $500K of the $2,7000,000 in trade payables was to consulting fees of insiders.  You kinda "forgot" to mention that part - Oops?  In other words, you still can't explain how they would possibly fund any drill program.

[stkinvestor75]

The rest is mainly debenture to CO. Didn't forget that part, we were talking burn rate and expenses, not debt. TTX is an explorer. It's normal they have debt. Question is: how will they manage their cash to finish drilling. We need to wait and see as how the new CEO will execute on this. On my side, i am confident. On your side, you are not. So, I would say,...move on!! Question for

[KozmoT]

WTF? Are you misinforming people on purpose? "The rest" is not debenture to CO - debentures are listed separately. ($ 5 million at 12% OUCH!!)  "The rest" is TRADE PAYABLES!  And I'm not even counting the $1.2 million loans payable. You want to know how much they spent on exploring their projects in the nine months ending Nov 30th 2020? ... ZERO ! (Section 6