TMS

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1.4¢ tennant minerals limited

Ann: Quarterly Activities and Cash Flow Reports, page-27

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Dr Davros

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31/07/19

20:14

Post #: 39796435
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Originally posted by 1912 ↑

Yarg

I agree.

The bottom line is that the new directors of Condamine have extensive hands on experience and they will be a good fit providing a better outcome for Condamine in which we are 11% share holders.

The leases that Condamine have in NZ are within an established gold mining area - one of New Zealands highest grade gold mining dilstricts and nothing has changed - once they obtain enough money to drill the area it seems the rewards may well be there.

Whether that cash will come from a new ASX float or a back door listing is yet to be determined, but what is certain is the new directors will, IMO, provide the impetus and expertise to move that along by the end of 2019 as stated in the Quarterly Report - we are obviously still talking to them.

Like many others, I am bitterly disappointed as to the situation in Madagasca however all is not lost there either - the ground is unchanged and is within an area that covers widely spread copper resources - it too requires drilling which will come once our cash position allows that - when and how who knows.

As to the Burkina Faso J/V prospect I'd give that a miss and seek a way out of that one - having an interest in two overseas projects for a cash strapped junior exploration company is enough IMO.

Cash is king and by the end of September we will have $130k in the Bank - something will need to be done by then........we wait a little longer.

There is no option other than to hang in there - in the interim there is no need for negative commentary and accusations being waged by some - that won't solve anything ......

This is a penny dreadfull stock at .001c seller with a market cap of $4.5m - with that comes high risks and high rewards - we all know the rules.

Directors have skin in the game too - let's see what develops .......

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Thanks 1912 that's the most sensible post I've seen here since South American fell over.
I agree with everything you said. Still lots of possible ways NZ could workout well.
Madagascar later.
As for Burkina faso I'd like to see that gone, way to risky for a small outfit like this to deal with.
The time wasting silly comments and chest pounding... has the audience bored.
Back to waiting in silence for me.

Cheers

Last edited by Dr Davros: 31/07/19

BDI Price at posting: 0.1¢ Sentiment: Hold Disclosure: Held
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