I'd be less concerned if they didn't waste money on drilling near identical holes. Look at the sheer amount of CRs lately, it's just gotten ridiculous. Why not do proper costings then just do the one CR:
At least they'll be able to start mining. Or have they already? Who knows!
18 October 2021 announcement - "Tombola Gold Commences Mining"
5 November 2021 announcement - waiting for Qld Govt approvals before commencing mining on all four sites
29 November 2021 - production mining expected Q1 2022
11 March 2022 - mining commenced Q1 2022
29 April 2022 - on track to commence mining Q3 2022
When is the gold going to be poured? Christmas 2020? Christmas 2021? Q1 2022? Q2 2022? Q3 2022? Christmas 2022? Christmas 2999?
Also, for those in the back - where is the crusher? Round Oak is off the table, and they've never even mentioned Lorena. That leaves them with having to purchase a crusher themselves. You'd think it would be in their plan...
I was hoping the new management and board would turn it around, but it just looks like the same old carrot on a stick bullshit
TBA Price at posting:
6.5¢ Sentiment: Sell Disclosure: Held