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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 hopskipjumpon Jun 01, 2004 3:18pm
195 Views
Post# 7557547

PP ?

PP ?no real numbers one way or the other. IMO, we'll see more action on the way to the next meeting. I have been watching Cannacord sell into themselves and buy them back trying to keep this one below .70 My guess is they want to offer up some more dough and like the price right where it is. Still, it was management that invited them in the first place, so, I hope a lesson has been learned. In any case, I could see them slamming this one hard soon as a reminder management of what they are capable of and because they may be getting tired of asking nicely. Unfortunately, I could see TGX talking to them for some more cash too; IMO, it can be quite the abusive relationship once the ball is in motion. The good news might be that they take the price up on the next round so stay sharp cause it could be short lived. good tradin' IMO, TGX is still a bargain below .75...again, I'm definately biased ;> -oldtimer
Bullboard Posts