TGX Energy & Resources Inc V.TGX

Alternate Symbol(s): TNGMF

Metals & Mining Industrial Metals & Minerals

TGX Energy & Resources Inc., formerly True North Gems Inc., is engaged in the exploration and evaluation of natural resource properties in Canada. Its properties include True Blue, Cobalt Hill, Chuchinka rare earth element (REE), Decelles and The Nabikok. The True Blue Property comprises around 303 claims located 55 kilometers (km) south of Ross River, Yukon. The Cobalt Hill Property, a base and precious metal prospect, is located five km east of Castlegar in southeastern British Columbia (BC), covering an area of over 562.5186 hectares (ha). The Chuchinka REE property is a grassroots REE exploration prospect covering an area of over 562 ha, which is located four km north of the Defense Metals Corp. REE discovery known as the Wicheeda rare earth element deposit, in BC. The Decelles property consists of around 215 claims. Nabikok Property is an early-stage lithium-bearing spodumene pegmatite prospect comprised of 155 exploration claims, located in the eastern region of the Abitibi Belt.

TSXV:TGX - Post by User

TGX Energy & Resources Inc

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Comment by mmayeron Jan 10, 2018 9:53am

180 Views

Post# 27322059

RE:RE:TGX

That also explains the recent volume. They are buying just enough shares to ensure the consolidate vote passes. They know they will lose value on their current shares but they will make it back when they buy into their own PP.

mmayer wrote: Easy

Consolidate 10:1 (stock becomes 0.10$ with 30mil float.)
Then consolidate again 10:1 (stock becomes 1$ with 3 million float)
Then do a PP for a few million$ and dilute everyone AGAIN...

People who had shares before consolidations started basically own NOTHING.

Does anyone here believe in santa? The company is bankrupt. The vultures are hunting and they will have their meal...

North85 wrote: So what exactly is happening here? what you guys think?