Over the past couple of days I managed to listen to most of the on-line AGM Webcast...
Some notable tidbits I got are as follows:
1) Short squeeze may be underway soon... One fund is SHORT 7 million Shares... not a very nice position to be in.
2) This year we should see several (as many as4) 43-101 mineral estimates coming out which will give concrete evidenceto the value of TNX/TRE
3) Kigosi mining permits are now at stage 4 of 8and bulk sampling plant (20 t/h) IS OPERATING now on a 2-10hr shifts/daywith 4-hour/d maintenance cycle. Gold concentrates are being stockpiledfor future sales as well as nuggets are being melted down on-site. Also100 t/d plant has been ordered. Recovery rates at +94%. Most gravelproperties have a stripping ratio of close to 1:1. Jim also stated thatother majors in the area, namely ABX, have now ordered the sameseparation plants for gravels on their properties, so looks like thistechnology is proving itself worthwhile.
4) Jim stated that share dulition should notexceed 100M as finincing will come from within for most projects(Homestake model) except Buckreef which TRE may be able to tap inexternal goverment project funding as a private entity.
5) At Buckreef TNX/TRE now has controlling accessto 6 dimond drills of which 3 are in good working condition and theexpert drilling staff to take controll of drilling on site.
6) Jim has passed on the day to day reigns tolocal personnel and he has stated its now time to highlight the TNX/TRErace horse and not just the jockie. He also stated that TNX/TRE has beenintentionally held under the radar until such a time when the horse canshow its true colours and that time is quickly approaching with theresource estimates coming out THIS year.
I would recomment anyone who is truely interested in TNX/TRE to have a listen to the on-line presentation.. Hre is the link:
https://w.on24.com/r.htm?e=279412&s=1&k=CCFE6094D9AC2C805D7CC8522B7BAEB3
....Steve