Bullboard - Stock Discussion Forum TomaGold Corp V.LOT

Alternate Symbol(s): TOGOF

Metals & Mining Gold

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... see more

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TSXV:LOT - Post Discussion

TomaGold Corp > Market Cap making Tomagold an easy buyout. At this rate

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Post by GoldRushCanada on Sep 24, 2022 1:44pm

Market Cap making Tomagold an easy buyout. At this rate

expect Tomagold to be acquired before the end of the year. Given Iamgold and Goliath stock holdings and Tomagold's many properties, and pending Obalski drilling results, someone is looking to buy the company cheaply by forcing the share price down to all time lows. No other explanation for all the selling at these levels.

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Comment by eagle35 on Sep 26, 2022 8:23am

For the sake of the shareholders, I would love to see that happen as soon as possible. That's the only way for the shareholders to recoup any of their losses. I personally don't believe it's going to happen. The reason David bought the lithium play, is to prolong his stay at the helm of Tomagold. Most likely by the end of the year Tomagold will run out of money and would need to raise ...more

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Comment by PeterThomas on Sep 26, 2022 11:45am

The bid price is 0.035. The lithium property cost is just $10,000 down. David is very careful to preserve cash at this point. All is needed for his compensation.

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