RE: Same old Tomco or finally going North??28 Sep 2021 07:22
DD should be completed on TSHII by now, they have paid US$300,000 (non-refundable) to secure exclusive option to purchase 10% of TSHII whilst this was being done and $100,000 of that was a month long extension to conclude the due diligence (or secure finance for the purchase of the first 10%). I don’t think they would do that, if they were not going to buy it. You can see how excited Malcolm Groat and even John Potter were 2 weeks ago in the Proactive interview.
If it is announced that they have the finance for and payment is made for the initial 10% of the Membership Interests for US$2 million, payable on or before 1 October 2021. Then, this signals a green light for project and I would like to think we will see that 0.9 and maybe even the 1p people talk about.
I’d like to believe that it will happen this week, but this is AIM and it is usually the opposite of what you expect to happen that actually does happen, or even something completely new that nobody thought of.
Looking forward to the day ahead and what it may bring. GLA