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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 Jul 13, 2015 10:59am
118 Views
Post# 23917873

RE:RE:K2 acquires some more

RE:RE:K2 acquires some moreProbably. I emailed Scott the other day and he said both companies were operating as distinct entities until shareholders approved the merger. TRX will want to keep chugging in the event the merger falls through. I figure even if the merger falls through for some weird reason, Fibricor and Medical Futures puts us around the $1.50/share mark with Bilastine a couple months out - so I'm not worried no matter what happens. If/when the merger does get approved, we'll have Yosprala/Bilistine/Bezalip in the pipe with the US exchange hedge thrown in there. Keep an eye on that Iran/US deal (oil price) and North American interest rates as they both will affect the price of TRX inasmuch as TRX ownership acts as a hedge against the Canadian dollar which could be sitting at .70US by the fall - it wouldn't suprise me.

I've got an email into POZN with some acquisition questions but haven't heard anything back yet - will pass on any information I get. It wouldn't surprise me if POZN traded in circles until Q4, surprising earnings aside. This stock might bore the heck out of some investors right now but the current risk is quite low with a large upside for Q4 and into 2016. Also, it should be remembered, that if shares of POZN collapse for whatever reason (can't forsee that given the nature of their revenue streams), TRX shareholders can always pull the plug on the deal. Lots of armor here.

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