Troilus Gold Corp T.TLG

TLG's Latest MD&A Dated January 31, 2024

[AlwaysLong683]

For those keen on some detailed reading re. TLG, the latest MD&A dated January 31, 2024 may be for you.

Excerpt:

The Company is currently:

 

- Undertaking the preparation of a full definitive feasibility study, including an inaugural Mineral Reserve estimate, which is expected to be completed by mid-calendar 2024.

 

- Commencing a 25,000-metre drill program including expansion and definition drilling, condemnation drilling and targeted drilling at prospective regional targets.

 

- Continuing community engagement and consultation, particularly with the Cree Nation of Mistissini and Cree Nation Government to ensure our stakeholders voices and knowledge are included in our decision making and planning as we continue to move forward.
 

[metalhead666]

"Mid year" eh?  Shows Justin is just a promoter and BS artist whose word cannot be relied upon

[tomgranite]

''Inaugral Mineral Reserve'' suggests the inclusion of a new deposit. Goal posts changing all the time. Is Metalhead correct with his opinion of Justin. We need clarification and honesty from the company.

[tomgranite]

In his presentations JR has stated that Troilus does need more higher grade ore. Do the paragraphs quoted below explain the delay? Which new deposit is providing the higher grade ore? Have we had the drill results? Page 11 of MD&A: ''The Company has progressed engineering work with its consultants for all aspects of required engineering,  including an extensive water

[AlwaysLong683]

Moving the goalposts seems to be the way to look at it. Excerpt from  TLG press release dated January 9, 2024: LOOKING AHEAD TO 2024...   ...Completion of a Feasibility Study expected in Q1 2024, including an inaugural Mineral Reserve estimate.   Now it's been pushed back to "mid calendar 2024". Couldn't they have just stated "Q2 2024", or

[AlwaysLong683]

"....inagural Mineral Reserve estimate..." means an estimate of how much of the 1.6M Inferred and 11.1M Indicated AuEq ounces presented in October's MRE are deemed to be Proven & Probable Reserves (i.e., economically mineable). It's not a new deposit.

[tomgranite]

Yeah thanks, I realised my error in confusing reserves with resources. My finger has now moved away from the sell button. I honestly don't know what to make of all these delays. 28th Feb he said ''very shortly''. MD&A just released it says mid 2024, so that could be June/July. I can't see any reason for the FS to be a disappointment but am happy to listen to any

[tomgranite]

JT has lost my trust. I sold 30,000 shares now which means I'm only holding 40% of my original purchase. I sold 30% a couple of weeks ago when the last delay was announced. Maybe there is something going on in the background which is why I am currently holding on to 40,000 shares. At least I'm in profit and have taken profits. Too many mixed messages with no real explanation why for my

[metalhead666]

Exactly....He has proven to be unreliable and from my conversations with him a total bull$hitter.  One of the MOST important things is trust and he's blown it. I warned him not to ruin his credibility but that went unheeded.  According to him the FS was done some time ago. It could have been released with a paragraph explaining additional studies were ongoing....he chose to BS

[rdy2rumble]

I already sold some as previously noted.. Will be thinking of next steps today as I am also having trust issues with JR's gibberish.. To bad actually

[pepperino]

I get frustrated with broken promises as well.  However, I'm reserving the possibility that there is somethnig going on behind the scenes we are privy too.  Possibly JV.  I am holding my position until I have a real reason to sell.  

[Gutinstincts55]

Anyone not comfortable with a company's management should sell.  The team is as important as the resource.  I personally have a great comfort here.  I'll be adding on weakness this Friday.  I'm in the camp that the changes to the report are for reasons that better the economics of the project.  It again comes down to trust.  I've recently had a back

[pepperino]

Copper = $4.05 and Gold $2174.   I'm not selling anytime soon.

[metalhead666]

Worst thing you could do.  Copper and oil ripping higher equals an inflation re-ignite....FED will stomp on your neck and the economy will crater.  Copper will drop like a rock. It's not time yet.