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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 Jan 30, 2016 4:37pm
124 Views
Post# 24509225

RE:Onward and Upward

RE:Onward and UpwardGiven the players and percentages involved, I would be surprised if the merger didn't go through. If there was any doubt, it would exist on the regulatory side, but from my own limited diligence, everything looks to be in compliance. Once Aralez gets its feet planted, I'm sure everyone will start the DEPOMED/ARALEZ merger watch, given the similarity of their pain portfoliios and that their market caps now seem to align to allow Depomed (according to US treasury rules) to jump ship and move to Canada.

The sector/market decline might ultimately be a good thing as you'd think the price of assets out there will have lowered for ARLZ to purchase using its new (upcoming) warchest of cash. The risk of overpaying for assets will now be decreased. If China blows up and the market further tanks, our advantage is that assets should become even cheaper for when the next bull market begins.
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