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2.9¢ tesoro gold ltd

Ann: Commencement of fully contributing JV for El Zorro Project, page-45

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Sixela

1,127 Posts.

144

02/03/21

11:38

Post #: 51446930
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Originally posted by luckedout: ↑

Corgi makes a good point in the other thread, in that this could be pointing in the T/O direction, why put yourself on the hook for all this extra cash and risk if you're not willing to pay up, if this goes to mine they would have to put up a lot more down to prevent their share being diluted to nothing, this way they get a larger portion for less cost than funding their share of a mine, and all they have to do is hang on until a T/O event, not a bad outcome though, as I'd rather they push forward faster to make themselves as attractive as possible for a T/O bid, we should see them drilling the other targets soon in that case and trying to expand as much as possible. I mentioned earlier that I thought a T/O would be likely so Zeff can actually make use of all his shares while he's still young.

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...still sounds a bit amatuerish. What kind of T/O bid would you accept? I wouldn't sell my holdings for some low ball offer below $1.

TSO Price at posting: 22.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.9¢		Change -0.002(6.45%)		Mkt cap ! $43.89M

Open	High	Low	Value	Volume
3.0¢	3.1¢	2.8¢	$19.84K	656.9K

Buyers (Bids)

No.	Vol.	Price($)
1	499107	2.9¢

Sellers (Offers)

Price($)	Vol.	No.
3.0¢	2	1

View Market Depth

No.	Vol.	Price($)
1	499107	0.029
3	258757	0.028
3	587037	0.027
3	831846	0.026
5	1479964	0.025

Price($)	Vol.	No.
0.030	2	1
0.031	173868	2
0.032	913497	2
0.033	1597397	2
0.034	240000	1

Last trade - 16.10pm 26/08/2024 (20 minute delay)

TSO (ASX) Chart