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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Comment by Goldbug0675on Nov 16, 2009 12:00am

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Post# 16489272

RE: RE: serious

The RSI is only in the 60s. If it were in the 80s or higher it would be in "overbought" territory. Gold is up nicely again so TNX will be down again tomorrow. Is this company ever going to make any money? What attracted me to this stock was the fact JS is funding the projects with his own money rather than having multiple private placements or flow thrus, thus adding more dilution. With only 80 million shares o/s this stock could really move once the money starts coming in. I am still curious as to the buying last week. This stock went from $3.50 to $4.14 very fast and I am not sure what caused the rise. If good news was coming, we would still be above $4. Any thoughts?

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