{kanada_flagge}We first put Tembo Gold (TSXV:TEM;FRA:T23A) on our radar in May 2021 as it became apparent that Tanzania would reopen to mining under its new president. Our expectations have been exceeded!
{kanada_flagge}We first put Tembo Gold (TSXV:TEM;FRA:T23A) on our radar in May 2021 as it became apparent that Tanzania would reopen to mining under its new president. Our expectations have been exceeded!
In early December 2021, Tembo signed a “mega deal” with its neighbor Barrick Gold, under which Barrick will pay $6 million for six licenses adjacent to its world-class Bulyanhulu mine. Barrick will also become a 5.5 percent shareholder in Tembo. And in the event that Barrick finds what it is looking for, Tembo may receive another $43 million as a contingency. That’s pretty much all an explorer can achieve in a short time.
At the same time, work on the remaining licenses in Tanzania is just beginning. After all, Tembo has retained most of its exploration licenses. With more than CAD 10 million in cash and world-class drill targets, Tembo is back in business – after a seven-year forced hiatus. Management, led by David Scott, have shown extreme staying power. They have truly paid for the success to date with pain money.
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According to §34b WpHG and § 48f Abs. 5 BörseG (Austria) we would like to point out that GOLDINVEST Consulting GmbH and/or partners, principals or employees of GOLDINVEST Consulting GmbH may hold shares of Tembo Gold and therefore a conflict of interest may exist. GOLDINVEST Consulting GmbH also reserves the right to buy or sell shares in the company at any time, which could affect the price of Tembo Gold Corp. shares. In addition, there is a consulting or other service contract between Tembo Gold Corp. and GOLDINVEST Consulting GmbH, with which a further conflict of interest exists, since Tembo Gold Corp. remunerates GOLDINVEST Consulting GmbH for reporting on Tembo Gold Corp.
