I see now the fall was a classic uimp and dump scenario and was hidden I'n the fine print all along.
Tno to acquire 74.95% of SPD Vanadium. After certain milestones .
But after each milestone SPD is to be issued TNO share.
After some quick research and math. The shares issued will equate to SPD retaining approximately 25% of the project and 33% of Tando. 50% overall.
On another note. The overall project value was estimated at an approximate value of 9Million. Half of which is to be owned by SPD so 4.5 Mil
Add into the mix All the cash burnt in Operating 4 drill rigs. Not gonna hang around for the next quarterly.
Good luck TNO diehards . The'll need an 80% increase to even break even imo...
