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clock Created with Sketch. 29/01/25
11:10
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Originally posted by triage:
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It's all about Paris. Apparently the Torque MD, Cristian Moreno, approached Tolga Kumova and Evan Cranston about the Paris project a couple of months and they've taken the bait, providing $1m cash plus whatever is in Aston's kitty for half of Paris. Seeing before the announcement Torque had a market cap of a bit under $15m and Aston had a market cap around $13m the deal does not seem disastrously dilutive for TOR shareholders (presuming the Canadian asset has any sort of value). Of course if the Edleston Gold Project is moose pasture then we've just given away half of our already diminished value.
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the question that l have is why could nt torque do the toll treatment on their own after all awj managed to do it
(20min delay)