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1.4¢ tombador iron limited

Ann: Completion of Asset Sale, page-15

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26/01/24

19:42

Post #: 72083398
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Originally posted by Plugger04: ↑

Konstantinos. Without a new asset the company cannot relist on disallowed. So until that happens we won't be able to trade out of our position. The royalties will be paid to tombador for the life of the mine so it's not an upfront payment. It's small amounts over a few year period and I have written and called the company with no satisfactory response on how this would be dispersed to current shareholders.

If the company gets a new asset and you sell your shares you will get the trading price and no royalties. The royalty deal is complete BS. Who is going to accurately calculate the sales of the the stockpile. There is going to be a shitload of stock just go missing in my opinion. As other shareholders have stated we owned 100% of that stockpile and it has just basically been given away. I have written off this investment and I think it will be months if not a year before they sort all of this out.

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And the ASX have done sweet FA, despite reports of misconduct......totally F**ked over...by directors and regulators......

TI1 Price at posting: 1.4¢ Sentiment: None Disclosure: Not Held
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