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TRX Gold Ord Shs 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

Bullboard Posts
Comment by Harvey633on Feb 21, 2005 3:06pm
229 Views
Post# 8629159

RE: It's time to say thank you as well.

RE: It's time to say thank you as well.While I agree with all of you who have made complementary remarks about Jim sinclaire's character, method of doing business and the way he's structured his company, I'm a long way from being thankfull or gratefull about the return on my investment. I purchased a wagonload of stock IN Nov. 2003 when it was trading at 1.87 and I'm still holding it today. Based on today's price I've lost about 46% of my portfolio. Meanwhile the price of gold has risen from 395. to 427. (an increase of about 8%). I would be quite happy if I could say that at least TNX has kept pace with the price of gold by increasing 8%. Jim has been consistent in his claim that the best gold companies to buy are the royalty companies because of the way they are structured - (and I do like the vision and principles he has applied in the structuring of his own company). While that may very well be true, I have yet to see that proven out. For the past 15 months I have done nothing but lose money. As a result, I'm not at the stage where I can say that I'm thankful. Jim Sinclaire may be the most knowledgeable gold bug and the most competent gold trader, but all of that skill has not yet reflected itself in the performance of his company and the return to shareholders. I'm still waiting....
Bullboard Posts