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TGX Energy & Resources Inc V.TGX

Alternate Symbol(s):  TNGMF

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

Bullboard Posts
Post by ttibsenon Aug 14, 2003 10:37pm
162 Views
Post# 6326404

Time to Head for the Hills?

Time to Head for the Hills?I wish I didn't have to sound this note of pessimism but in contrast to the faithful on this forum, I don't have the stomach to watch TGX sink back to the low it made in March at .67. Yeah sure, in a year's time I may be sorry when they're pumping emeralds out of the ground by the wheelbarrowfull but for the immediate future, I don't like the direction the stock is heading. Resource stocks should be peaking at this time of the year and they usually enter a long slide from here into December only to have interest pick up again in the new year. I think my speculative capital could be put to better use than sitting on TGX and riding out what seems to be a slow erosion of the share price between now and December. My thoughts are that there are players out there who have heard the fat lady sing - at least for the rest of this season and they, being the ones in the know, are bailing.
Bullboard Posts