I’m interested to know what your thoughts are concerned TTM. What do you think the halt has been put in place for.
a quick study of announcements by TTM definitely tell a story of a company on the move. Acquired the largest gold miner in Ecuador , Core Gold, despite the fact that all Core Gold activities were suspended and continue to be suspended due to Covid
In June / July raised a total of $14.5M in funds @ .065. All directors participated heavily in the placement . In August they also gave themselves buck loads incentive options on very favourable terms. Also in July , in a strategic move , They employed a high ranking Ecuadorian Public servant. In the same month they announced that assays from Dynasty drilling were considered highly encouraging
During the Last quarterly they announced that had $6.5m cash in the bank , enough to run their program for 6 more quarters . Subsequently in August they announced the sale of Peruvian assets for $6m to be used to further Dynasty and Copper Duke Projects in Ecuador. In early sept they asked ASIC for extra time to sort out their half yearly accounts .
on 18 September they went into the halt citing a material announcement for a project.
so if there has been no activity on core gold assets , there can’t be any material announcements I assume that covers Dynasty and Copper Duke , the ones that seem most promising , so again, I wonder as a long-standing investor and in TTM, what it’s about ?
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