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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 kuatoliveson Jan 26, 2015 2:46pm
157 Views
Post# 23364489

RE:RE:RE:RE:rare

RE:RE:RE:RE:rareTRX is a strange one for sure. When TRX signed their deal with Novartis, the stock headed lower into a month long decline, which was baffling to say the least. Only after they released their  double digit Q3 numbers did the stock start to move northward, and even then, I think (from memory) it was 2 or 3 days before the market took notice of those numbers.  This was before 6M shares were traded in a 48 hours period though, and as a previous poster had stated, this stock is starting to get wound pretty tight. Most buyers - I think - have dug in their heels and most sellers are playing TRX for short term profit. Wherever the shares trade at between now and Q4 numbers/next licensing deal, is just noise. I'm calling $1.50 before the snow melts followed by the inevitable overrshoot to $2.50, followed then by a pullback back to $1.75 - and then a normalization. But who knows.




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