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2.6¢ tombola gold ltd

Mentalist123, page-51

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Chrometophobia

192 Posts.

28

12/04/23

10:51

Post #: 67231512
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Originally posted by Mentalist123: ↑

Chromo,you said that if TBA did not comply with the Rules then ASIC/ASX would act.My friend they have acted.Tombola Gold Ltd has been suspended from the ASX trading platform and no-longer allowed to trade.I’d call that acting!TBA has not completed one single part of the Scope study. Says, Forecast 300,000 tonnes per year at GAM for 3 years.We have done 49,000 tonnes in 4 months and now process plant sold and being decommissioned!! So Chromo then what? How do we repay the $5.1m loan and interest in a few weeks? So what do we do with the balance of 1g/t waste rock left in stockpiles at GAM.? Pay another $15 tonne to take back to Golden Mile?We don’t have the $5m to pay balance of money on Lorena? So we have no cash and $10m of debt not-including creditors. (Assume $5m) So Chromo and T2Bigdog and Byron-Yummy,what’s the plan B?

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We don't seem to have a Plan B, other than a major restructure (mass share issue) I don't see how this can be recovered.

The suspension is voluntary, not that it necessarily should be.

TBA Price at posting: 2.6¢ Sentiment: Hold Disclosure: Held
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