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Bullboard - Stock Discussion Forum
TRU Precious Metals Corp
V.TRU
Alternate Symbol(s):
TRUIF
Metals & Mining
Gold
Real Estate - General
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.
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TSXV:TRU - Post Discussion
TRU Precious Metals Corp
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•••
calico
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Post by
calico
on Jul 04, 2023 2:00pm
News
Market seems to like the news. I guess $3 million is (a lot) better than nothing. GLTA longs.
(130)
•••
dothemathpeople
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Comment by
dothemathpeople
on Jul 05, 2023 6:53am
So 60,000,000 shares @ $0.05 + 30,000,000 warrants at $0.075, good for three years. There was little room left below and It had to firm up, but not to $0.05 oddly enuff. The warrant price is the new ceiling for this stock. Listed Companies cannot finance lower than $0.05/share so JF's comment on "value" is kinda misleading. This is basically a friendly takeover, for the
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(12)
•••
Farmer9
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Comment by
Farmer9
on Jul 05, 2023 10:13pm
As long as Joel continues being paid $20,000/month he will hang on. Why would Joel want to leave the cushy gig he has? He did nothing to earn his salary but when you decide how much you pay yourself, the sky's the limit. Somehow he talked himself onto the BOD of the predecessor company and then eventually became CEO and President when everyone else retired and left.
...more
(130)
•••
dothemathpeople
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Comment by
dothemathpeople
on Jul 06, 2023 7:24am
Agreed. He is a lawyer by trade, no? WTF is doing then? Explains why he has to hire everyone for everything. Pretty sure he bought into that spot with a resurgent investment. At $20k/month he is well overpaid, and has underperformed. And now he sells the TRU and their GR for $0.05/share; I guess the easy money financing is all dried up at this time. Mostly surface
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