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Bullboard - Stock Discussion Forum Trelawney Mining and Exploration Inc TWNNF

GREY:TWNNF - Post Discussion

Trelawney Mining and Exploration Inc > DEADLINE APPROUCHING!!!!
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Post by dogwag on Aug 19, 2011 8:32am

DEADLINE APPROUCHING!!!!

Trr needs to get this deal done or their stock will tank.The market is telling us this as gold is skyrocking and TRR is down.Gld is up the last week so I think TRR investors realize they need GLD land and exploration properties to effectively become a mine.I don,t think a major will look at this seriously without the GLD land position.ANTE UP Mr Gibson somewhere between .20 and .25 will do it.That would translate 80 cents to $1.10 per share for GLD.I know he doesn,t want to pay this much but he should have offered more in the first place and now he is ending up with egg on his face for it.This is an all share deal so they would maintain their strong balance sheet to bring this to fruition.Next week I believe we will see them getting more serious about this.
Comment by gamblor77 on Aug 19, 2011 3:04pm
There are obviously some GLD shareholders here and I don't really mean to offend them, but when TRR made the offer GLD was sitting around $.20c so the .32c was actually a large 40% premium to their 20 day trade history at the time. Especially for a company that didn't seem to have any major catalysts in the near future to prop them up and were sinking like a stone. Yes the timing of the ...more  
Comment by ScaryRaccoon on Aug 19, 2011 3:22pm
Very well said! Best post I've read all week.
Comment by digger144 on Aug 20, 2011 12:15pm
Hey Gamblor77... With all due respect, I believe you are missing plenty. First of all, you should take the time to review the information posted by letsgetready on the Augen Gold Board: https://www.stockhouse.com/Bullboards/MessageDetail.aspx?s=GLD&t=LIST&m=30091912&l=0&pd=0&r=0 You will clearly see that early this year...Trelawney was accumulating millions of Augen Gold ...more  
Comment by zip14 on Aug 20, 2011 2:08pm
This post has been removed in accordance with Community Policy
Comment by HARJAY on Aug 20, 2011 2:49pm
 digger144 I for one appreciate your input into the situation between TRR and GLD. I have always found that you have been VERY Knowledgeable and very accurate in  your analysis of  West Timmins, Lake shore  and now Trelawney and Augen.It is clear this action has been in the works for a while now and TRR can't afford to lose the GLD property.I believe ...more  
Comment by gamblor77 on Aug 21, 2011 11:28pm
The point is GLD only went up in the first place because of TRR's results. So for them to now expect that same ironic situation to suddenly make them entitled to more money per share is crazy. Same with the recent situation, they only went from .20-40c because TRR made the offer. Now they want even more because they went higher because of TRR and not fundamentals, how does that make sense? So ...more