Post by
NOMOREROLLBACKS on Nov 12, 2023 11:01am
Tuo pp to tud
Tuo had a 20% interest in TC but did a private placement to TUD ....... What does TUO now hold in TC properties and Goldstorm Metals..... GSTM.... I can't remember the amount of the pp but I think it was about 6% of the pp....
Comment by
Robizounskin on Nov 12, 2023 9:12pm
TUO use to own 100% of Treaty Creak, then down to 49% in 2007 and down again to 20% in 2016, I guess they were not able to drive this type of project by themselves. Too bad loosing 80% of such great ore deposit.
Comment by
NOMOREROLLBACKS on Nov 13, 2023 10:40pm
The question was how much more of a percentage did Teuton get when they did the pp with Tudor. They have over 20% now with the pp they did....Tudor now has less than a 60%I nterest. What is the new ratio??????
Comment by
highper on Nov 13, 2023 10:52pm
Teuton has 20% plus the nsr plus about 6 million shares of tudor. The nsr at treaty creek is variable. Good luck figuring that one out. I believe teuton has close to 6 million tudor shares. But every time tudor dilutes its shares teuton's ownership of treaty creek decreases.. One would need a supercomputer to keep teuton's ownership of treaty creek current.
Comment by
Robizounskin on Nov 14, 2023 9:06am
Tudor got Treaty Creek for almost nothing, that was the logic to the initial deal as to invest less money to acquired some interest in TC but to put the money toward exploration instead while AMK and TUO will just have to wait for the discovery without having to invest any pennies.