Trelawney Mining and Exploration Inc TWNNF

WHY $3.30 offer!!

[dogwag]

I know all the investers here think there will be another offer and for the sake of the shareholders ,I hope you do.The big problem is they only had .93 million ounces in the indicated catagory.almost 6 million ounces were in the inferred catagory (100 meter spacings)It takes a lot of money and time to move resources over to the indicated catagory(25 meter spacings)Danny Dreadlock posted that inferred ounces in the ground are priced at 20% of measured resources.In 12 months time this would have been worth double but right now and in this depressed market it is worth what IMG and TRR decided on $3.30 a share.There will not be another price hike UNLESS another company steps in and with 6 million ounces inferred and only 1 million ounces indicated ,I don,t think that will happen.I owned Trr for awhile and sold most at $4.00 and  the last 10,000 shares at $2.60  4 weeks ago.Should have held on a little longer with the last bit but that is my luck!!!!They still got above average price for inferred ounces in the ground but for all the little guys and gals,I hope you get more interest.

[letsgetready]

yes Dowag..but the inferred number is basically 7 months old now..TRR has not released 1/3rd of its total drill holes which will move alot of ounces to the indicated category..this is a porphyry depsoit too so the grade will be consistent within the boundaries of the deposit..which means it will be moved up to indicated and then measured..TRR has the money to do this and create the value you talk

[Mrrockstar]

Time to move on guys. I'm hearing some interesting rumors on ZEN and MRP. Sounds like Zen has hit a huge graphite ore body. Results out in the next few days. MRP will be releasing there 51-101 in the next  few days. I'm hearing it will be huge and also hearing buyout rumors on MRP. GLTA

[BobsUncle]

You won't see IMG doing a Kinross. They don't take this deal they be looking at 1.80 in this market   I be the Uncle of Bob thats Bob's uncle In the mining Business! This is a great deal for all. Gives TRR holders a chance to cross into IMG shares.

[letsgetready]

Bob, now I know you usually reside on the IMG board, but do you think TRR shareholders need the country risk associated with IMG? thats a whole different kettle of fish..why do you think IMG's share price dropped in half with the recent coup in the past 6 months..do you think the Mali coup impacted that? or wonder why IMG wants an american property? $3.30 is too low. voting NO.

[BobsUncle]

If i was invested in TRR look at the chance you have buy some RMX and IMG and your into some of the best plays in the sector. The reason 3.30 is the price it is just look around buy the bargains IMG is not paying more for any shares the offer is the best anyone could expect. I would buy IMG here and look at RMX at 2.80 two great deals. IMG still has lots of cash.   Uncle