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Bullboard - Stock Discussion Forum 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... see more

TSX:TRX - Post Discussion

TRX Gold Ord Shs > Great! More dilution!! Stock crashing after hours!!!
View:
Post by buckswild on May 12, 2023 7:31pm

Great! More dilution!! Stock crashing after hours!!!

So much for being self funded
Comment by TheCardinal on May 14, 2023 3:54pm
They are self-funding; this additional capital will enable more to happen sooner.  You appear unable to discern the difference between dilution being done for a worthwhile purpose and dilution only to support a Management Lifestyle regime.   That Wainwright is one of the book-runners tells the story.  They're this little boutique firm in NYC whose Clients are the sort of ...more  
Comment by biker222 on May 15, 2023 3:42pm
I complement jim sinclair and Ulli, for getting the discovery to the mine, but for also knowing that the company needed  a straight shooting competent  ceo to run the next stage. Thats what this  pending raise celebrates.Tnx has now transitioned and I would be shocked if we dont see significant news flow in the near term. ( second mill completion, doubling production, laser sharpe ...more  
Comment by TheCardinal on May 16, 2023 12:15pm
It's the perfect spot... the "knee" of the Lassonde Curve, named for mining legend Pierre Lassonde, who astutely observes the most money is made by investors in a mining stock at the point it reaches production, and the production starts to grow exponentially.  TRX has made it!  Now we enjoy the ride.
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