Monday, May 21, 2018 11:06:10 PM
I haven't invested there because it doesn't seem to be a good move for the retail investor.
Still CMI's position seems to be getting stronger as a result of the work that has already been done and what is going forward.
If TNGL provides a resource and reserve as part of the process and ends up not being able to cough up the necessary finances to get to complete their obligation, then CMI is back to 100% ownership.
If they do come up with the full 20 million and if that doesn't result in production then CMI may have to cough up some cash for getting over the hump. That could cause a renegotiation which could get thorny.
When they optioned in to Mil-Lar; they ended up owning the whole ball of wax. That is a precedent that concerns me.
But the one thing that is obvious to me is that TNGL has the money backers for letting them search out and invest in potential undervalued projects. Right now, they own and are mothballing the Mil-Lar properties, and are looking at that silver gold project in Mexico as well as the Comstock.
Over the years they have taken a number of projects for a ride and decided to not go forward after giving them a good look see. The money was there each time; as was the dilution.
I understand your disinclination to invest in CMI and I think I recall your commenting once that you would rather invest at a higher price if and when it looks like things are actually going well then take a chance on it while it is still so wobbly.
Recent LODE News
- Form 8-K - Current report • Edgar (US Regulatory) • 10/07/2024 10:16:08 AM
- Comstock to Acquire Quantum Generative Materials LLC • GlobeNewswire Inc. • 10/07/2024 10:00:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/02/2024 08:46:17 PM
- Comstock Inc. Publishes its 3Q24 Stakeholder Perception Analysis Report • GlobeNewswire Inc. • 10/02/2024 08:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/02/2024 10:45:30 AM
- Comstock Executes Exclusive License and Cooperative Research and Development Agreement with Department of Energy’s National Renewable Energy Laboratory • GlobeNewswire Inc. • 10/02/2024 10:00:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/19/2024 10:15:33 AM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 09/19/2024 10:01:59 AM
- Comstock Updates on Business Commercialization, Investments and Real Estate Sales • GlobeNewswire Inc. • 09/19/2024 10:00:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/18/2024 03:16:50 PM
- Comstock Fuels Executes International License Agreement • GlobeNewswire Inc. • 09/18/2024 03:10:14 PM
- Comstock Metals Secures New and Larger Revenue Contracts • GlobeNewswire Inc. • 09/17/2024 10:00:00 AM
- Comstock Metals Secures Multiple New Revenue Contracts • GlobeNewswire Inc. • 09/10/2024 10:00:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/03/2024 05:01:23 PM
- Comstock Metals Records First Renewable Metal Shipments and Sales • GlobeNewswire Inc. • 08/20/2024 10:00:00 AM
- Comstock Validates Record Renewable Fuel Yields • GlobeNewswire Inc. • 08/15/2024 12:33:24 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/14/2024 09:05:01 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/08/2024 08:30:45 PM
- Comstock Announces Second Quarter 2024 Results and Corporate Updates • GlobeNewswire Inc. • 08/08/2024 08:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/08/2024 08:02:15 PM
- Comstock Secures $325 Million Term Sheet for Investments and Real Estate Sales • GlobeNewswire Inc. • 08/08/2024 01:15:00 PM
- Comstock Inc. to Host Q2 Earnings Call on August 8, 2024, at 4:30pm ET • GlobeNewswire Inc. • 07/25/2024 08:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/19/2024 10:15:23 AM
- Form D - Notice of Exempt Offering of Securities • Edgar (US Regulatory) • 07/19/2024 10:05:29 AM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 07/19/2024 10:01:58 AM
FEATURED CBD Life Sciences, Inc. (CBDL) Reaches Unprecedented Heights With Explosive Growth and Strategic Expansion in 2024 • Oct 8, 2024 8:00 AM
BNCM COMPLETES MERGER WITH DELEX HEALTHCARE • BNCM • Oct 8, 2024 9:54 AM
Unitronix Corp. to Invest $3 Million in USA Unity Coin Project • UTRX • Oct 7, 2024 7:08 AM
North Bay Resources Announces Assays up to 5 oz/ton Gold, 1.5 oz/ton Platinum, 0.5 oz/ton Palladium, and 0.5 oz/ton Rhodium at Mt. Vernon Gold Mine, Sierra County, California • NBRI • Oct 4, 2024 9:15 AM
Basanite, Inc. Appoints Ali Manav as Interim Chief Executive Officer • BASA • Oct 3, 2024 9:15 AM
Integrated Ventures Announces Launch of MedWell Facilities, LLC and Lease Agreement with Giant Fitness Clubs • INTV • Oct 3, 2024 8:45 AM