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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 Oct 07, 2015 5:17pm
99 Views
Post# 24173297

RE:RE:Time to accumulate?

RE:RE:Time to accumulate?POZN needs the merger far more than TRX which makes me wonder about Harris and Co's motivations for the price of the negotiated deal. They had a desperate buyer and perhaps sold too cheaply. The biggest complaint at the time was that TRX sold out too cheaply to POZN and recent TRX financials vs the trials and tribulations of POZN's share price have only reinforced that sentiment.  If TRX was to receive a cash offer before the merger, it would be my expecation that POZN's share price would get blasted back into the stone age while TRX's shareholders would likely jump at anything north of $2/share.

I've already prepared myself for the fact that Yosprala could turn into (more of) a fiasco as they haven't been able to get approval for what is essentially, aspirin. It's already enough of a debacle that Sanofi told them where to go, but then that was under the old CEO. Taking a worstish case scenario that Yosprala doesn't get approval in a reasonable amount of time, we'll see pressure on the financials after having hired all this personnel with no revenue (Yosprala revenue) to offset the costs - which will surely punish the stock. THAT being said, we still don't know what ARLZ will have in store for the 200M in cash floating around when the deal is done. We don't know how much of that cash is going towards Yosprala development and how much for other business development. A deal could come along that is so good, it could mitigate any potential Yosprala misadventures, at least for the near future.

I don't think there is any reasonble expectation Hillary (or whomeer) will be able to enact price controls as such initiatives have been tried several times before all with the exact same negative results. We're getting close to election though, so expect a lot of sabre rattling at the expense of *everybody* just to earn a few votes. I don't believe Canada will become the US's pharmacy either, as such a load wouldn't be sustainable at all. Chances are the status quo for the drug business in the states will endure for a few years to come yet.





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