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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 Nov 21, 2015 2:56pm
165 Views
Post# 24312613

RE:RE:RE:RE:RE:RE:So if deal falls through

RE:RE:RE:RE:RE:RE:So if deal falls through Look at it this way. ARLZ was looking to double their revenue from 2015 to 2016. TRX did that by itself more or less in the last year without having to wait for FDA approvals etc etc.  A 100% increase in revenue still translates to your bottom line stock price whether you're talking about shares that cost a buck vs 10.

I know I'd be much richer today if TRX hadn't gone down this road. Still voting no. My hope is we get a press release that cancels the whole deal. I'll endure the ensuing market tantrum for a few weeks, if we didn't just already see it.  When Q1 numbers are released in 2016, all would be forgotten, if not way before then. I don't need a tiny piece of a mega-corp to make money; I just need decent financial returns - which we were getting. I'm starting to think this deal is more in Harris'/Langille's self interest than the interest of TRX shareholders.

By the way, if you haven't got your proxy control ID yet, you can call your brokeridge and they can obtain it for you. At least that's what RBC told me.



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