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2.6¢ tombola gold ltd

Risks for Tombola, page-13

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tbirdsrgo

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20/05/22

08:59

Post #: 61515296
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Originally posted by kjartan: ↑

Yes I did. Did you notice on p4 of that announcement a colour photo of the Round Oak minerals processing plant with a caption saying that is where they will process the ore at? Did you also notice that the Washington Soul Pattinson (SOL) Annual Report from 26th October 2021 states on p107 that they are selling the Round Oak processing plant? That leaves Tombola in a bind, as they no longer have a binding agreement with Round Oak. FYI, the plant was sold for $14M, Tombola did not have that kind of cash at that point, so they are not the purchaser.

There is further information on this in the following thread by @Equaliser: https://hotcopper.com.au/threads/round-oak.6387259/page-25?post_id=57551410

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Something not quite right with your analysis.

Assuming there is a binding contract, the purchaser will have to honour that contract and would have taken it into account in the sale and purchase doc?

TBA Price at posting: 5.8¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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