General Discussion, page-1382

Nolm,

re it does happen (re a good deal) & I get your concerns regarding what TMG was handed. BUT... . Two factors that make it appealing

1) that the seller EV Resources Limited, was compensated via some cash, & also 2 tranches of shares valued at 225K, & 450K. So they still have a vested interest in TMG. & 2) they didn't have the expertise & skills to go ahead with the project themselves. It's very specific & that's not their forte. & below is an example of what was handed to LRV. So it can happen. TMG were jogging on the spot & pounced. To not risk is to miss an opportunity. I read an article that an internal TMG staff member bought 377K at 0.007 cents. I don't think they are concerned about anything. Probs already cashed out on 1064% increase & 3.7mil profit.

Here's an article 8 months ago I found re LRV. If you read below, LRV got a whole stack of freebies in the deal. & so you could say back then, why did the owners sell? & maybe something concerning. But no. Price is 61cents today.

www.becomerichfaster.com/business-news/the-flavour-of-the-month-is-antimony-but-whats-next

"Larvotto Resources. Just nine months ago, the company bought the Hillgrove gold and antimony project from administrators for $8 million, inclusive of a $5 million environmental bond.

Even more pleasingly, the project came with plant and equipment with $150 million replacement value.

Since then and surely proving up the Hillgrove purchase as one of the best deals of the year, Larvotto concluded from its recent prefeasibility study (PFS) that the Hillgrove project, with a modest $73 million in capital expenditure, will be capable of producing 41,000 ounces of gold and 5400 tonnes of antimony per annum during a seven-year mine life. It will spit out an estimated EBITDA of $93 million annually at current prices and pay back the project back within two years.

Unsurprisingly, the company’s share price has risen 235 per cent since mid-last month to 40c a share. "

So TMG, caution, yes, but if you don't risk, you don't get a reward. Good luck all.