TBA 0.00% 2.6¢ tombola gold ltd

Ann: Tombola Gold Presentation Broker Briefing Webinar 10-03-2022, page-5

  1. 795 Posts.
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    Agree it looks promising and needs to be drilled, but this takes cash.

    TBA/AMG's plan has always been to generate cash flow from shallow gold to fund exploration. This will be a great means to explore this ground and is one of the key things that drew me to the company a few years ago.

    But unfortunately it has taken far, far too long to enact, and consequently the company has had to raise additional funds at its lows (3.5 and 2.7c). This has been exceptionally disappointing, but hopefully brighter times lie ahead without the need for further dilution of long term holders.
 
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Currently unlisted public company.

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