TSO 2.38% 4.3¢ tesoro gold ltd

One more day has passed and the SP did not move for another day!...

  1. 498 Posts.
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    One more day has passed and the SP did not move for another day! Extremely low volume traded! I guess this is the calm before the storm? Anyway, these are the things we know for sure that are moving:
    • 4 rigs drilling 24/7
    • Extending of resource at El Zorro: MRE due in 3-6 months
    • Detailed met work program: due in a few weeks
    • Preparation for the drilling of Buzzard or Drone Hill (district target drilling): due in a few weeks
    • Scoping study: due in 6-9 months
    • Behind closed doors negotiations: outcome in 2 weeks time. If the vendor decides not to contribute then we would immediately have 85% ownership. If he decides to give us $2.3M for this year exploration plan then surely we would use this money to add 2 more rigs. Please note the wording "INITIAL of 4 rigs" below. Besides, when we need to look for a CAPEX of $100M to build a mine, for example in the next 12 months, we only need to take care of $70M, the remaining $30M will be contributed by the vendor if he still wants to keep his 30% onwership. Its a win to win situation!

    https://hotcopper.com.au/data/attachments/2965/2965934-4da34b233795512d05054d6c963606fe.jpg
    https://hotcopper.com.au/data/attachments/2965/2965937-4e64e0581ed4d6b8099ff4083e4d4050.jpg
 
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Last
4.3¢
Change
0.001(2.38%)
Mkt cap ! $52.87M
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4.1¢ 4.3¢ 4.1¢ $39.63K 945.2K

Buyers (Bids)

No. Vol. Price($)
2 345000 4.0¢
 

Sellers (Offers)

Price($) Vol. No.
4.3¢ 32947 1
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Last trade - 16.10pm 10/05/2024 (20 minute delay) ?
Last
4.1¢
  Change
0.001 ( 2.38 %)
Open High Low Volume
4.1¢ 4.1¢ 4.1¢ 56400
Last updated 13.02pm 10/05/2024 ?
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