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TNR Gold Corp V.TNR

Alternate Symbol(s):  TRRXF

TNR Gold Corp. is a Canada-based green energy metals royalty and gold company. The Company is engaged in the business of acquiring and owning royalties. It is also engaged in the business of acquiring and exploring its mineral properties located in the United States. Its projects include the Shotgun Gold Project, the Los Azules Copper-Gold Project, and Mariana Lithium Project. The Shotgun Gold Project is an advanced-stage exploration prospect in southwestern Alaska. The Shotgun Gold Project is located in southwestern Alaska approximately 150 kilometers (km) north of Dillingham and 190 km south of the Donlin Gold Project. The Los Azules Copper-Gold Project is located in San Juan, Argentina. The Mariana Lithium Project is located in Argentina. At its core, it provides a scope of exposure to gold, copper, silver and lithium through its holdings in Alaska and royalty holdings in Argentina. Its subsidiaries include 0828073 BC Ltd., Ameri Gold Corp., Bristol Exploration Co. Inc., and others.


TSXV:TNR - Post by User

Bullboard Posts
Post by robey743on Nov 28, 2012 10:30am
172 Views
Post# 20654095

TNR smart to show patience now

TNR smart to show patience now

I'm inclined to believe any offer made for Los Azules, due to the size of the project and quantity of resources, will be challenged and counter offers will be made, if the offered price is not realistic - If the offered price is too low, higher offer(s) will be made - If TNR is presented with an offer for its share of Los Azules they will know that interest is high and a buy offer is imminent. In that event they would be wise to hold their position and let MUX handle negotiations. Due to past experiences with MUX CEO, (McEwen) TNR knows that if Los Azules is sold MUX and partners will receive a fair price. Any offer made to TNR, (as I'm certain they know) at this stage would involve bargain-basement values.

One thought is worth consideration and it supports my statement, (above). If MUX sold Los Azules for 'under market values' it would imply that MUX is desperate for cash, that they are not a healthy Company. I don't believe McEwen would risk putting a negative cloud, (in any form) over MUX. For those that don't know, McEwen is intent on steering MUX to an S&P 500 listing. Any deal made between now and the time of said listing, that does not support the MUX 'rising star' status, will not be tolerated by McEwen.

In answer to the possible question, "Am I a McEwen and/or MUX supporter?" The answer is no, but I do respect McEwen's ability and his determination to succeed.

Bullboard Posts