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Ann: Independent Expert Report, page-13

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speccylover

299 Posts.

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05/10/17

20:26

Post #: 27695166
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Originally posted by deb_001 ↑

I also think they need to get on with the drilling program, and would prefer a CR to these delays.

The TMZ 2017 Annual Report (p3) said only that:

"The Bygoo “Farm In” agreement was announced by Thomson on the 21st November 2016 and has been amended as announced on 17 March, 2017. Funds received have arrived slower than anticipated and contributed to a slower than expected drill progress this year. However, the Company is confident that the promised $3 million will be delivered by January 2018 and will fund the delivery of a JORC/N43-101 resource for Bygoo."

Also, I notice that the drilling company already owns 8% of TMZ - perhaps they aren't willing to do any more work for shares.

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Exactly..... I'm not usually a fan of CR's, but to delay more is a mistake. It's time to get the funds somehow and move forward with this.

TMZ Price at posting: 3.7¢ Sentiment: Hold Disclosure: Held
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