Replies to post #821 on TAO Minerals Ltd. (fka TAON)

[Wildbill729]

There certainly wasn't anything in the Form 10KSB to "hang your hat on"....

[impact58]

Listen,

This is not Barrick or any other big gold company drilling at Golondrina it is Tao Minerals a junior exploration company that has high grade gold from their last two trench samples.Look at Gemini they are doing the same thing buying a gold mine that will bring in money to support their main property.They both have limited funds to get them to this point which is trenching then they look for other financing to complete the drilling process.If it were a big company they would be finished with drilling in months because they have millions to work with . That is why they payout so well if they proceed to take over the Juniors. There is more news to come so do not panic.

Impact58

[OG_Money]

Here's my 2 cents of the financials
They would pay for the new mine from their restricted shares. After seeing the financials my opinion still hasn't changed. We all know that this is risky that goes for most stocks out thier. But we also know what rewards are in store if Sikora & Tao can pull this off. The financials sound really negative and the future looks bad. But do you expect them to say thier's a Sh&tload of gold down here in golondrina and their is no doubt in our minds that financing will go through and we have 10mil oz/au in reserves at least. They would be screwed if any of those didn't happen. So that's why their is so many comments like the ones you see on the 10K.

It makes sense to me now why they are planning on purchasing a "producing" mine. This will keep them going on a month to month basis with no need to dilute, Once they do secure financing it'll probably be for less money. so their will be less debt. It will eventually look better for TAO bringing in revenue and you won't see the Nil under income.

The one thing i will say is this has become a longer project IMO, and IMO financing won't happen for another few weeks. (I hope i'm wrong with that one)

I still remain highly upbeat about TAO.

OG