TBA 0.00% 2.6¢ tombola gold ltd

Ann: Trading Halt, page-140

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  1. 521 Posts.
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    if they had found anything decent the results would have been released 6 weeks after last hole, like 99% of asx explorers do, this i have seen probably 4 times in last 15 yrs on asx, and yep CDU is one and who is the largest share holder W Mcrae from CDU days and MAR is another, cant think of other one. alot of the cash they have will have to be used for way more drilling before they can calculate a reserve, plus usualy 3 x diamond holes done at same time for geological interpretation, and we all know diamond drilling aint cheap, long long way to go before any ounces are poured, they have saved themselves 12 to 18 months not having to build a plant, if they are telling us the truth regarding sol pats plant. all in my opinion.
 
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