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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 Aug 11, 2015 3:36pm
141 Views
Post# 24008189

RE:RE:RE:RE:RE:RE:RE:RE:RE:Standalone revenue projections

RE:RE:RE:RE:RE:RE:RE:RE:RE:Standalone revenue projectionsFishman is a competent manager and had I stayed the course on my initial investment I might have a better opinion of my experience. I bought a couple of years ago at 1.70, bought more at 2.40 and then watched it plunge down to 1.40 last xmas (right after the last CEO quit for no reason) putting me severely in the red - so much so I pulled the plug and took my capital loss. I may invest in Merus again one of these days, but the stock needs to stabilize a bit more before I take another position. Mostly thanks to BNN (I now NEVER buy anything these guys push, as a general rule), the swings on this stock are just too much for me to handle because of the retail investor segment pushing it up and down. See PHM for another example of this, though that stock is more a victim of its founders than BNN - BNN just didn't help those investors with its constant flogging of the stock every day. 

Had I kept all my investments in Merus since the beginning of last year, I'd be up maybe 25-30%, whereas TRX offered a much better prospect for growth, and even with the lastest drubbing over the last week the whole sector has endured, I'm up something like 320+%.  (I started investing in TRX at .75 averaging down to .54 with a lot of purcahses in the 49 cent range.) I'm biased against both MSL and BNN (the TV network) right now, but I'm sure I'll get over the former sooner or later. I still think Aralez is a better investment than MSL over the next 12 months but I still have Merus on my watchlists though.  I'm pretty sure Fishman will turn things around there soon; I just see a lot of treading water over the next 12 months unless someone buys them out and moves to Ireland as well, which is possible. The potential of Yosprala right now is just too large to ignore for me to shift any capital away from TRX. 

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