RE: RE: Recent retractions. - AgileKeeping with the theme of the last post I also have been invested in TNX for a long time. I own 50,000 shares in certificate form (all purchased under $1). The certificate is tucked away in my safety deposit box as I plan to just sit and wait until the true value of TNX becomes self evident to most and dividends start to flow. Its a no brainer and my family nest egg for the difficlt times ahead.
Am I anxious to see production? You bet I am. I thought from the last AGM update that Kigosi would be going into gravel prodcution this summer and this would move the stock price higher. Turns out not to be the case so I am in dissappointed in the short term.
Mr Sinclair also said at the AGM that he would be personally upset if the # of shares issued went over 100 million. So i did not expect to pass this mark so soon with the last offering. So again I am dissappointed in the short term.
On top of that the shorts seem to be putting an effective lid on the stock for now and may successfully cover their position at these or lower prices should the market fall apart this fall. If they do good for them, but cover they must as even they know where this stock is going medium term.
To me these and other compliants I see on this site are all short term things that of course can piss you off if you focus on them. Instead I marvel at the numerous properties with the gold potential that I feel will shock shareholders when announced. It is clear Mr Sinclair will not push production in the short term to pump the share price if it does not fit into the longer term strategy of the company. Of course he wants to get their but he also must use company resources where they are best needed to fullfil the longterm goals for all all concerned. This is smart.
It seems to me alot has happened between the AGM and the summer. That being Buckreef has become much much more then even they have imagined and so the focus has changed. Great if that is what management thinks is best. The management team seem very professional and focused (as they should) on the big picture - making very thought out decisions-even if shareholders do not understaned them and more these decisions do not result in a immediate move in the share price. Nothing to concern me.
The hardest thing to do is sit tight and do nothing. It is the still staggering unanncounced hidden potential of this company that keeps me all smiles. So sit tight I will and must and within a few short years it will play out as planned . This I know as a fact for me.
As Mr Sinclair said 'management makes the company and shareholders make the price' Oh so true today and always!
This is all I need to know and where I stay focused
Good luck to all!!