Bullboard - Stock Discussion Forum Treasury Metals Inc V.TML

Metals & Mining Gold

Treasury Metals Inc. is a gold-focused company with assets in Canada. The Company is focused on its 100%-owned Goliath Gold Complex, which consists of Goliath, Goldlund and Miller deposits, which are located in Northwestern Ontario. The Goliath Gold Complex is comprised of approximately 503 mineral claims, 49 patents, five leases and one license of occupation, and the properties cover... see more

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TSXV:TML - Post Discussion

Treasury Metals Inc > Undervaluation or problematic cash position?

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Post by andre171 on Nov 12, 2023 2:02pm

Undervaluation or problematic cash position?

TML's current capitalization represents US$2.7 per ounce of gold (2.964M) if we deduct the 8M cad of cash! Should we assume an obvious undervaluation or a highly problematic cash position?

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Comment by Driller36 on Nov 16, 2023 1:41pm

Reply from CFO to my msg of 12/10: "We had an unknown seller come in on a down day for gold equities who indiscriminately sold what amounted to more than 20x our average daily volume over the course of the last hour of the trading day. As I don’t know the identity of the seller, and most of the selling was done anonymously, I would not be able to know their motivation." The sp ...more

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Comment by Driller36 on Nov 16, 2023 1:43pm

Reply from CFO to my msg of 12/10: @We had an unknown seller come in on a down day for gold equities who indiscriminately sold what amounted to more than 20x our average daily volume over the course of the last hour of the trading day. @As I don@t know the identity of the seller, and most of the selling was done anonymously, I would not be able to know their motivation.@ The sp hasn@t recovered ...more

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