TRL 4.88% 3.9¢ tanga resources limited

AGM, page-3

  1. 366 Posts.
    Made it to today's AGM. Approx 30 -40 SH's. Here's my key takeaway points:

    Everything was passed with quite a few questions thrown in by one SH in particular. Questions were fair and in all SH's interest and made sure Director's know they're being closely watched in terms of share dilution and remuneration and that their decisions will be closely scrutinized. Chairman Jones explained issuing options as payment for services to geo's/drillers etc as incentivizing by getting skin in the game.

    Drill results taking time due to logistical factors - 800km drive, then flown to Jo'burg, then flown to Vancouver.

    Director's assured SH's they have not sat on results and have got them to market as soon as possible.

    Remaining results from Winston expected to all be to hand and reported to market just before Christmas.

    Wire frame model of Winston aiming to be developed by end of January.

    Stocker's appeared to show genuine enthusiasm for Mimbili prospect. Mineralisation up to 750m length, drilling still going despite current rain and bog, Mimbili under soil and totally virgin and in sight of 17MOz Bulyanhulu.

    Overall lots of work done this year, more than 75% of capital put into the ground.

    1000+ sqkm's of archean greenstone to explore. One would think very likely to be more great discoveries given geology and results to date.

    Good luck all
 
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