TRX Gold Ord Shs T.TRX

Alternate Symbol(s): TRX

Metals & Mining Gold

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.

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TRX Gold Ord Shs

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Post by fattony007on Mar 01, 2007 5:27pm

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Post# 12338094

How bad can be good for us

Here is the growing short position on TRE (TNX). TRE $ 5.38 Tanzanian Royalty Explrn -0.20 Shares Short 1,630,150 Days to Cover (Short Ratio) 4.5 Short % of Float 2.00 % Shares Short - Prior 1,164,739 Short % Increase / Decrease 39.96 % Squeeze Ranking™ -1 So why is a growing short position good for us long term holders? Well there is definitely a really good and getting better short squeeze. The days to cover is 4.5 days. That means if TNX has a really good result (again) and the price shoots up, it would take the shorts 4.5 days to cover their positions. Which means that the stock could go up considerably. By the way the Short increase of 39.96% is from Jan07 to Feb07

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