TSO 3.57% 2.9¢ tesoro gold ltd

Ann: Commencement of fully contributing JV for El Zorro Project, page-53

  1. 1,033 Posts.
    lightbulb Created with Sketch. 241
    TSO is in control as the major shareholder of the JV and I'd be concerned if they weren't.

    https://hotcopper.com.au/data/attachments/2961/2961491-316eae8eeaaf4e0007abc57bb609e1ec.jpg

    We accelerated to 70% ahead of schedule in March last year and Bahamondes, the JV partner, was awarded
    5 Million shares in TSO. Much more valuable than a continually diluting share in a venture of which TSO is an owner.


    https://hotcopper.com.au/data/attachments/2961/2961962-992bf3420a3dfc0ceb39d5bfa5666e10.jpg


    Who is to say he's not in agreeance with the revised terms. And I don't think there has ever been a suggestion that Bahamedes would have anything to do with financing the actual mining operations.








 
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