Hi Slim,I appreciate the detailed information provided and...

Hi Slim,

I appreciate the detailed information provided and understand the confusion arising from the premature disclosure of a formal land access announcement.

In the price-sensitive announcement on September 30, one of the deal terms stated:

"An additional AU$200,000 worth of shares (Tranche 2 TMG Shares) will be issued upon achievement of land access from the owner of the property that contains the Wild Cattle Creek Antimony-Gold-Tungsten JORC Resource (being Ropaja Pty Limited (ACN 055 662 032))."

However, in the price-sensitive restated announcement on October 8, as pointed out by @blindfaith01, the Acquisition Agreement was amended such that all consideration TMG Shares would be issued upon completion of the acquisition, rather than in two tranches. This amendment was justified on the basis that "Trigg has confirmed access to the Antilles Antimony Project."

With all due respect, I remain unconvinced that this is merely a matter of wording. Given the context of a public share market, replacing "land access" with "project access" and proceeding with the share issuance despite potential uncertainties raises some concerns.

Of course, this is just my personal opinion and should not be considered financial advice.

I sincerely hope the company provides further clarification through an official announcement in the coming days.


Wishing you a great weekend!