@Tarly123Oh, I mistakenly read false information someone else posted on HC about the JORC cut-off %, which then led me to post incorrect information. Oh no, I'm a bad person.
I'm glad you can read, it makes the world a better place. So do you just read the headings of the announcements, or do you actually spend some time digging through information?
Unless something has changed, see the picture below. If it has, I'm sorry for spreading misinformation.
Considering I've had such a warm welcome back to the TMG HC page from Tarly, I thought I’d use this time to help TMG shareholders.
Let's talk about the Taylors Arm project and how much progress we can expect to see from it - or should I say, how little.
Here are some snippets from the LNV article regarding Taylors Arm from the previous holder.
Lock the Nambucca Valley (LNV) held a large public meeting on the 14th of November 2023 where group members, as well as Summit Minerals representatives, spoke in regards to the exploration licence.
Since then, a Summit Minerals representative, in a telephone call to a LNV member, reportedly explained that the company had decided not to carry out any mining activities with respect to this licence and so would not be following up on any community concerns as discussed at the November meeting.
What a coincidence - SUM did all the exploration on the Windfall project (now the Taylors Arm project), and then, only two days after attending a meeting with the community member, they suddenly canned the project, claiming it was a 'non-core' asset, without telling their shareholders why they really stopped exploration.
Now, TMG has picked it up for cheap, and TMG shareholders don’t know the history of the original tenement because the original exploration licence was cancelled.
TMG had a $35.98 million market cap with 817,619,895 shares; now it sits at $40.65 million with 923,869,895 shares, massive dilution for shareholders.
You should probably focus on getting the share price well north of 10c before the next tin rattle, rather than worrying about what someone
accidentally posted on a public forum. If not, TMG will be stuck in the 5c -15c range for the rest of its trading days. Once exploration stocks exceeds 1 billion SOI at these price levels, it becomes hard to get out due to pip traders and massive dilution for CR's, as we are seeing at the moment.
I can post more helpful information like the above for TMG shareholders if you want or i can be on my way, just let me know.
For the record, I do believe that the WCC deposit is an excellent deposit as it stands, but without land access yet, my view on TMG remains 'Not held.' The day land access is granted will be the day I change my position from 'Not held' to 'Held.Again, DYOR, NFA, and IMHO and all the rest. There could be mistakes above so
DYOR, as everyone makes mistakes sometimes.
