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TRX Gold Ord Shs T.TRX

Alternate Symbol(s):  TRX

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.


TSX:TRX - Post by User

Bullboard Posts
Comment by smilleyon Apr 17, 2009 7:18pm
372 Views
Post# 15928085

RE: Where is this heading?

RE: Where is this heading?It looks like we bottomed out at the open today at $3.36.  I'm in at an aggregate of about $4.10 so I'm praying for a rebound in gold and some significant short-covering.  I too was trying to make some quick money on a bounce but picked the wrong entry point.  Nonetheless, I have complete faith in JS and if he bought at over $6.00, then I'm happy where I'm at.  This kind of metal play is not really my bag, I generally play junior and emerging gold producers and late stage exploration companies.  I've been reading jsmineset.com for years and the one thing I truly believe is that JS is honest, ethical and extremely knowledgeable.  With the recent pullback in gold, this stock would probably be trading about $4.50 anyway so the damage wasn't nearly as severe as it could have been.  I'll ride this one now till around $6.00 and try to exit before JS puts his new shares back on the market.  Good Luck TNXers.
Bullboard Posts

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