Ann: Share Placement to raise $8,000,000, page-16

My recapitulation of some of the above posts:
@Arnobay > "dairy farm milking share holders" = completely full of nonsense!
@Bill Gates > "we have the gold and we are steadily moving towards digging it up and selling it at rising prices" = very true!
@klac > "one of the best junior gold plays on the ASX" = excellent analysis!

Now I tell you, why ! First of all, see actual gold price on 1 year basis-US$:

Feasibility study calculates our Theta Hill gold project would have an all‐in sustaining cost (AISC) of USD 764/oz,which would make it one of the cheapest mines in South Africa. Guess right, how much we wll earn !

Share register closely held, Top 20 hold roughly 86 % as at 31-12-18 including directors and affiliates. That is why, share trades in free flow sometimes with decent volume. I would like to see an updated T20 list, but I can't obtain it.

TGM's May 2018 subscription agreement: Fineway Creation Ltd subscribed for $5,000,000 worth of shares. TGM's November 2018 agreement: Fineway and Zenith (H.K.) Holding Ltd subscibed for a another combined $6,000,000 worth of shares. Both transactions took place at post consolidation issue price of $0.09 to $0.106, not bad at all in review.

Please see my other posts: 1.) Post #: 38497056
Most shares issued under this agreement are escrowed until 31 December 2019 ! ---> That's why there is no pressure on share price until eoy, imo !
2.) Post #: 38836485 Shares issued to a sophisticated investor 'Zero Nominees Pty Ltd', to the Chief Financial Officerin lieu of salary and a consultant to the Company, in lieu of outstanding corporate consulting fees. As said earlier:
My only thought for those people: Well done, very well !!!

Both Fineway and Zenith are unrelated parties to the company, whereas for
no. 2 of the T20 list above, Tasman Funds Management Ltd, our director Mr.Brett Tang is a director and shareholder of that Tasman Funds as partly through conversion of a convertible note + interest totalling A$2,263,000 (see co's financial report of 31-12-18).

So, why do you think, our CFO, our director Mr.Tang and other directors, who recently bought shares on open market, would have no skin in the game, if they would not trust themselves !

And finally the newest ann 23-07-19 says, that TGM hasentered into subscription agreements with specialist global resource investors (which I claim a sophisticated investor) for the placement ofshares at $0.15 per share to raise a total of $8,000,000.
The raisewill also contribute to environmental related work, including environmental bond obligations for a number of newly granted Mining Rights as well as for general working capital.
Aha, newly granted Mining Rights, so you can observe, that these directors do not sit on their hands and work for their lifestyle, as many others do.

Now let finish, it is late in Germany, my wife told me, it's time to go in bed