GOLD

I have to laugh at Aussie Brokers. To be honest I don’t think they would move off a railway line when a train was coming. They just don’t have a clue. Mt Freda was operated by DMR in the late 80’s. The gold price was $380 ounce and their share price $1.70c and a market cap of $270million. Same Mt Freda gold mine & gold price $2500 ounce. Market cap of Tombola $30m. No wonder the major shareholder buying in market. I just found out the major shareholder in TBA was also the MD of DMR who developed and was mining Mt Freda. He must be licking his lips buying at 5c. Seems some sellers have realised that with 4 Goldmines in operation and a profit of $100m in 2 years TBA may just be undervalued. !! I really have to laugh. No wonder some people are rich. Ahhh maybe the pandemic affecting our thought processes.