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TRX Gold Ord Shs 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

Bullboard Posts
Post by Grove1on Sep 17, 2013 1:32pm
361 Views
Post# 21746062

LIKE IT OR NOT

LIKE IT OR NOTWhy anyone would sell or short TNX now is beyond me!  Like it or not when gold begins it next leg up (likely between now and year-end) TNX will out perform upwards. WHY? Because the shorts need to cover! Its the gold price in the short term that will move the price higher. The shorts know this (or they should) and so they are pressing on the production/financing issues to scare investors out. Sorry but the gold price is all your need to bring investors back and again like or not TNX has enough investors who like the company because of Mr. Sinclair that it will do just fine and the shorts will scramble to cover as the whole sector rises. Its better to look at things how they are not how you want to be. The man has a following, a ;level ot trust and the connections that will always give the stock a premium. Sorry but shorts are running out of time. They have no doubt made some good money already because the price of gold has sucked for two years now. Thats great for them.Good timing to be short.  But if the price action in gold changes in a material way and they get it wrong they may loose it all trying to get out. In terms of production/financing issues who knows for sure? Nothing I have heard concerns me in the long run. I don't know any facts more then anyone else. All I have is a gut feeling that the company has worked much of this out in a way that will treat shareholders well. So from a trading position or a longterm buy and hold position I am bery optimistic about TNX going forward.
Bullboard Posts

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