Of interest in Marmota's annual financial statements is the following Note;
13 Jumbuck Gold Project On 30 November 2020, Marmota Limited entered into a binding agreement with Tyranna Resources to acquire all of the rights, title and interest of Tyranna Resources Ltd in the Jumbuck Gold project, adjacent to Marmota ground in a $3million deal composed of $2.5 million cash (already paid into a trust fund pending Ministerial Consent and completion) and $500,000 in shares in Marmota (on completion). Marmota expects the transaction to complete imminently, during October 2021.
I have more faith in Marmota's time estimate for Ministerial consent being next month, than the current directors who have made no effort to inform shareholders of their reasons for suggesting Ministerial Consent by 1 September.
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- Ann: MEU: Marmota makes outstanding cash payment for Jumbuck gold
Ann: MEU: Marmota makes outstanding cash payment for Jumbuck gold, page-17
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