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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 GoldenDilemmaon Sep 04, 2015 10:55pm
170 Views
Post# 24080931

RE:Surprising

RE:SurprisingWell, there was plenty of opportunity to be short on POZN which directly will cause TRX to go in the same direction - even K2 was clearing some of their TRX shares in Aug ;)  

In hindsight, had I foreseen this type of play - I'd have sold for 60% profit in the 2.2 range, and rebought at $1.4 ... I did not sell or skim at either peak because of anticating an additional catalyst over the summer.  

TRX may be in a bullish continuation wedge right now.  Let's see what happens.  It'll break $2 and likely hold if we can get some good support.  But, can't expect much until approvals happen and more positive catalysts.  I'll hold it long.  I'd imagine $3-$4 is in the cards for TRX end of year.  If $2 - $2.2 becomes the playing field before a catalyst ... it will blast there.  I'd imagine the same for POZN - $15 - $20  if it can come back to $11.5 - $12.1 before yosprala.  
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