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TBA tombola gold ltd

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Well put Equaliser Hoping for 100,000 ounces and a bounce in...

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FireflyOne

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01/06/20

18:43

Post #: 44967911
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Originally posted by Equaliser: ↑

I have to hand the Gold Star to AMG. Bring out the sale of Gilded Rose for $4m. All the dummies sell thinking no more good news. Then the smarties move into the dummies stock, everyone knowing the resource can’t be far away then Kaboom. Cashed up with a resource sitting in the top of the ground and a JV partner with a process plant in the town of Cloncurry waiting for the ore. All the dummies will be crying foul. The Gold Star also goes to AMG for not trying to spend all its cash trying to prove up a million ounce resource like most companies. Just drill up + 50,000 ounces $150m and then when you gave the cash rolling in then prove the million ounces and not having to go to the shareholders or the market diluting everyone. This practice of proving a million ounces was for when the Gold price was $A4000 an ounce not $A3000 an ounce.

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Well put Equaliser Hoping for 100,000 ounces and a bounce in share price. Management are first class imo, should be pouring yellow stuff by Christmas if all goes well.

all the best

FireflyOne

AMG Price at posting: 3.5¢ Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

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Well put Equaliser Hoping for 100,000 ounces and a bounce in...

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