Information regarding the cap structure of the previous company all detailed within the prospectus. Some good interviews are available on the web where Zeff provides some further insight into the lead up to the RTO and listing.
TMT is a company operating in an unrelated sector.
It is no easy feat of the delivery a resource with a large portion of the rights subject to delivery of a resource of 1-2 Moz + with a head grade of 1g/t+. It is easy for someone like yourself now to have an opinion now and after the fact of Phenomenal Drill Intercepts & Verification of the discovery of a Major Gold System. However, all this was an unknown at the time of inception. Also, as confident as i am that they are going to hit their milestones, there is no guarantee, if the head grades are a few milligrams short, theoretically, the milestone has not been achieved.
On the delivery of the MRE mid year, it'd be a phenomenal achievement, considering they listed in Feb 2020 and in less than 16 months. Also, having commenced and will complete a scoping study in 2021. Seriously, it'd be very hard to find a peer in the gold sector that has or would be able to deliver such outcomes in such a short period of time.
Based on the above, in my opinion, if the milestones are achieved the the performance rights are justifiable. Ofcourse, you may think otherwise and it is what it is.
Goodluck on your investments on 2021.
- Forums
- ASX - By Stock
- Ann: Tesoro to present at Noosa Mining Virtual Conf - Replacement
Information regarding the cap structure of the previous company...
-
- There are more pages in this discussion • 44 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TSO (ASX) to my watchlist
|
|||||
Last
3.0¢ |
Change
0.003(11.1%) |
Mkt cap ! $36.88M |
Open | High | Low | Value | Volume |
2.8¢ | 3.0¢ | 2.7¢ | $41.54K | 1.504M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 2.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.0¢ | 122372 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 0.027 |
2 | 914500 | 0.026 |
1 | 40000 | 0.025 |
1 | 100000 | 0.024 |
2 | 1100000 | 0.022 |
Price($) | Vol. | No. |
---|---|---|
0.030 | 122372 | 2 |
0.031 | 624646 | 1 |
0.033 | 686214 | 3 |
0.034 | 42105 | 1 |
0.035 | 20000 | 1 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
Featured News
TSO (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online