TMZ 0.00% 0.5¢ thomson resources limited

Interesting comments Minoil, there was indeed far too little...

  1. 75 Posts.
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    Interesting comments Minoil, there was indeed far too little explanation of the mysterious Chillagoe project. Quoting from the ASX release of 26 July 2019:

    "Thomson Resources (ASX:TMZ) has received a "Letter of Notification" from private company Bacchus resources ending the sale agreement over the gold exploration project in the Chillagoe district of North Queensland"

    "Bacchus cites the failure to meet certain conditions precedent as the reson for termination. The ageeement provided for Bacchus and Thomson to transfer interests in the titles so that Thomson would have a 90% interest in the project and Bacchus 10%. These transfers were not completed by the due date (30 June 2019)"

    And then within weeks existing TMZ directors are replaced by Bacchus directors??? Hmmm.

    The price of tin is rocketing upwards of $17000 now, I'm hoping the Bygoo tin project will be back on the agenda soon.

 
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