Australia's largest stock trading and investment forum Australia's #1 stock forum

TCG

Click for more information

2.70%

19.0¢ turaco gold limited

Thanks! That was what I thought, but I needed someone with a...

First 9 Last

Share
Profile

Follow
sasa

1,198 Posts.

60

31/01/17

09:41

Post #: 22237430
Share

Originally posted by Inverter ↑

The coming dilution is more than acceptable! Remember those shares will only be issued to Cienega if we get the key areas of the VGP (I'd say Nyakafuru and other deposits). Over 1moz alone here across these deposits, with Resolute reporting actual ore reserves. Do the math. This project is a company maker and well advanced.

Also keep in mind that the chances are those additional issued shares will all go to Resolute given this agreement they had with Cienega upon "giving up" these Tanzanian assets:

"Resolute has entered into an agreement (“the Agreement”) with Cienega S.A.R.L. (“Cienega”) whereby Cienega will, subject to satisfaction of various conditions precedent, acquire Resolute Pty Ltd for nominal initial consideration and deferred consideration equal to 50% of the proceeds of the sale of any mineral rights, related physical assets, and other specific legal actions"

https://www.rml.com.au/uploads/7/2/...essfully-completes-activities-in-tanzania.pdf

Expand

Thanks!
That was what I thought, but I needed someone with a better handle on it to say so
Appreciate the response

sasa

MSR Price at posting: 0.5¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

SFX

Sheffield Resources achieves milestone production, shipments at Thunderbird, WA

NXM

Drilling at Bethanga shows signs of Cu-Au porphyry system for Nexus

NIM

Nimy extends sulphide targets at Mons with new anomalies identified

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

ASX200 dives as inflation clocks in at 4% – higher than 3.8% consensus

There are more pages in this discussion • 45 more messages in this thread...

First 9 Last

Add TCG (ASX) to my watchlist

(20min delay)
Last 19.0¢		Change 0.005(2.70%)		Mkt cap ! $142.2M

Open	High	Low	Value	Volume
19.5¢	20.0¢	19.0¢	$111.9K	574.7K

Buyers (Bids)

No.	Vol.	Price($)
4	224986	19.0¢

Sellers (Offers)

Price($)	Vol.	No.
20.0¢	30000	1

View Market Depth

No.	Vol.	Price($)
4	224986	0.190
4	86523	0.185
4	265000	0.180
1	28571	0.175
6	429411	0.170

Price($)	Vol.	No.
0.200	30000	1
0.205	175052	2
0.210	61376	2
0.215	45000	2
0.220	37891	2

Last trade - 16.10pm 27/06/2024 (20 minute delay)

TCG (ASX) Chart