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TRX Gold Ord Shs V.TRX


Primary Symbol: 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

Comment by kingposton Jan 20, 2015 8:21pm
185 Views
Post# 23341896

RE:RE:RE:RE:IPO wall

RE:RE:RE:RE:IPO walleveryone has an equal weighted opinion and thanks for bringing the IPO to the discussion... Here is my  opinion  on the IPO.....starting with 25 million shares (this includes a share added for each warrant in the unit financing) bought by non insiders --being 40%... I am guessing about 1/4 of these have  already been dumped and tax loss booked...leaving just over 20 million.... My guess is that at best 1/4 of those will sell  as soon as they make a marginal profit --- that would equal about 5 million sharws selling... I doubt any insider selling... At todays trading level that would be taken up almost in one days trading....
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