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TRU Precious Metals Corp V.TRU

Alternate Symbol(s):  TRUIF

TRU Precious Metals Corp. is a Canada-based company, which is engaged in natural resource property development and transactions. The Company is exploring for gold and copper in the highly prospective Central Newfoundland Gold Belt on its 100%-owned Golden Rose Project. Golden Rose is a regional-scale 264.25 square kilometers (km2) land package, including 45 kilometers (km) of strike length along the deposit-bearing Cape Ray-Valentine Lake Shear Zone, between Marathon Gold’s Valentine Gold Project and Matador Mining’s Cape Ray Gold Project. In addition, the Company has an option to acquire up to an aggregate 65% ownership interest in two claim packages covering 33.25 km2, including a 12 km strike length along the Shear Zone within Golden Rose.


TSXV:TRU - Post by User

Bullboard Posts
Comment by Farmer9on Dec 08, 2014 4:18pm
53 Views
Post# 23207790

RE:RE:RE:RE:RE:RE:RE:RE:Q3 earning $0.08/share. Book $4.94m($0.44/share). Cash $3m.

RE:RE:RE:RE:RE:RE:RE:RE:Q3 earning $0.08/share. Book $4.94m($0.44/share). Cash $3m. Aaahhhhh, the spinmaster is out in full force. According to the 2013 Audited Financial Statements the Long Term Investments in the US provided TRU with cash distributions received of: $238,116. In 2012 the amount received was $117,083. Which I don't think is "almost zero"!! The RL Property One opened in July 2014. What kind of cash distributions do you expect in 2 months? I agree with you the Colt Builders investment is a dud. Like I said before, the incentive is there to turn Colt Builders around. I know you don't like the investments in "risky, un-proven, non-arms length ventures". I guess your narrow-mindedness won't allow you to post about TRU initiating a program with ScotiaMcLeod to invest $750,000 of the Company's excess cash. The CFO and ScotiaMcLeod will manage this excess cash for maximum return while minimizing risk and maintaining adequate liquidity.
Bullboard Posts