TRX Gold Ord Shs T.TNX

Primary Symbol: T.TRX Alternate Symbol(s): TRX

Metals & Mining Gold

TRX Gold Corporation is a Canada-based company, which is advancing the Buckreef Gold Project. The Company is engaged in the exploration, development and production of mineral property interests in the United Republic of Tanzania. The Buckreef Project's prospects include Buckreef, Bingwa, Tembo, Anfield, Eastern Porphyry and Buziba. The Buckreef Project encompasses three main mineralized zones: Buckreef South, Buckreef Main and Buckreef North. The Company produces gold at its 1,000 tons per day processing plant. Its gold development operations include the Sulphide Development Project, in which the sulphide ore encompasses over 90% of the Buckreef Main Zone's two-million-ounce gold measured and indicated mineral resources. The Buckreef Project hosts an NI 43-101 measured and indicated mineral resource of over 35.88 million tons (MT) at 1.77 grams per ton (g/t) gold containing 2,036,280 ounces of gold and an inferred mineral resource of 17.8 MT at 1.11 g/t gold for 635,540 ounces of gold.

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TRX Gold Ord Shs > $7.0 Million Registered Direct Offering

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Comment by CountOfMeltedCriscoon Feb 04, 2022 1:08am

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Post# 34396054

RE:RE:RE: $7.0 Million Registered Direct Offering

" this increased liquidity enables the Company to accelerate its plan,"

The current production does make them "self-funding"; perhaps a reminder of what "accelerate" means would assist your comprehension :

ac·cel·er·ate

/kselrt/

verb

(of a vehicle or other physical object) begin to move more quickly.

"the car accelerated toward her"
increase in amount or extent.

Teakbois wrote: "I thought that they had enough production to fund all the expanision"

You have it correct that this news looks bad, precisely because of the claim that production is self funding their ops. Continued dilution is guaranteed, and doing the offering at 10 cents under the market price doesnt just make it look bad....it really is bad for the present shareholders. Will share price soon reflect purchase price? Probably.