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TRX Gold Ord Shs V.TRX


Primary Symbol: 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

Comment by kuatoliveson Jun 08, 2015 2:01pm
127 Views
Post# 23807849

RE:RE:RE:Food for Thought?

RE:RE:RE:Food for Thought?Lots of info to take in. As for the sentiment TRX sold cheap, this may be true when you place TRX into a bubble, but we have to look at Aralez, Yospralla, and the 350 million capital promised to be injected into the new Irish based company. So, what you're looking at is the 25% premium + how valuable will the 33% investment in this new company be? I don't know the answer to that, but Harris and Company are not idiots, so I can only assume their current assessment is that the positives that came with Pozen acquisition outweighed the 25% premium paid on the current value of the company.  Given the 350 million investment and the Irish tax ramifications, God knows what's coming. They could be positioning themselves for a double takeout or a ride on a much more profitable drug pipeline than what they could generate on their own. Gottta do some diligence heree. These are just first thoughts. Gonna be reading a lot tonight! GLTA!

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