Post by
TrumpThis on Aug 18, 2023 2:59pm
Top 10 Reasons to have TRO in Portfolio: #6
#6: VERY, VERY, VERY LOW G&A! All current and future shareholders take comfort knowing that Taranis puts the funds raised INTO THE GROUND, not the pockets of Insiders, BoD fees, wasted marketing, fancy rent, etc.
The beauty of disclosure on SEDARPlus.ca is that we little investors get to see where the money goes - like the Jerry Maquire movie: "Show me the money". Do your own DD to see other comparisons.
Little Taranis with a superb BoD with very high ownership (= skin-in-the-game) has a little Market Cap of $12M, 95M Shares Outstanding & Hi/Low of $0.24/0.105, is very undervalued because of lack of promotion, has published the Interm FS, ending June 30/23, on Aug 17th, showing G&A (page4):
THREE MONTHS AND SIX MONTHS ENDED JUNE 30
Three Month Period Ended June 30, 2023 Three Month Period Ended June 30, 2022 Six Month Period Ended June 30, 2023 Six Month Period Ended June 30, 2022
EXPENSES
- Licenses and fees $ 10,323 $ 10,485 $ 21,157 $ 11,191
- Office and miscellaneous 1,479 15,213 12,826 15,261
- Interest and bank charges (Note 6) 4,057 4,074 8,115 8,166
- Professional fees (Note 6) 35,354 9,630 46,154 21,630
- Share-based compensation 334,000
= TOTAL: $ (51,213) $ (39,402) $ (422,252) $ (56,248)
Larger Dolly Varden Silver Corp with a BoD with very low ownership (= skin-in-the-game) has a little Market Cap of $170M, 255M Shares Outstanding & Hi/Low of $1.24/0.355 has published the Interm FS, ending Mar 31/23, on May 19th, showing G&A (page3):
For the three months ended Notes March 31, 2023 March 31, 2022
EXPENSES
- Consulting fees $ 87,549 $ 71,459
- Directors’ fees 10, 12 36,360 35,216
- Exploration and evaluation 9, 12 798,863 440,639
- Management fees 12 529,600 508,000
- Marketing and communications 407,950 366,492
- Office and administration 76,073 74,531
- Professional fees 81,254 17,654
- Rent and maintenance 12 28,630 50,319
- Share-based payments 10, 12 536,240 919,823
- Transfer agent and filing fees 39,798 19,297
- Travel and accommodation 93,703 5,802
= TOTAL: Operating loss (2,716,020) (2,509,232)
[I'm sure Fury Gold Mining, Hecla Mining, Eric Sprott as 2176423 Ont, Fidelity Mgmt, Sprott Asset Mgmt, etc know of these expenses but keep pumping in more cash, knowing CEO, Shawn Khunkhun (S2K) makes $25,000/MONTH & the CFO makes $17,500/MONTH, and the above 3 Month reporting is ONLY for 3 months, so do the math for a YEAR!] [BTW, CEO, Shawn Khunkhun is reported on CEO.ca as having only 903,623 shares & his other BoDs - very little.]
Yes, DV is drilling and producing some fine results, but so is TRO - in a very different - careful, methodical, controlled way with expert BoD members that are ALL IN! Notice TRO doesn't pay CEO fees, rent, or promotion. Taranis is protecting shareholders by spending very, very, very little on G&A, thus creating more value! Thus, #6 is only one reason!
Do your own DD & GLTA