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Bullboard - Stock Discussion Forum Trelawney Mining and Exploration Inc TWNNF

GREY:TWNNF - Post Discussion

Trelawney Mining and Exploration Inc > Pending Assay Results...
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Post by digger144 on May 02, 2012 6:58pm

Pending Assay Results...

The majority of the pending assay results are located within the parameters of the proposed Cote Lake Open Pit and therefore will have little affect on the total estimated resource which now stands at about 7 Million Ounces.  There is little need other than to confirm more of the same in regards to historic drilling.

I believe Management has one clear mission right now and all available resources are working to achieve this....Preliminary Economic Assessment!

The Preliminary Economic Assessment will establish the robust economics of the Cote Lake Deposit and furthermore demonstrate factual information about just how good this project is and one that any potential buyer should take a good look at!

Trelawney Management has a gameplan and it will play out over the next couple of weeks.  Having had a large number of potential suitors "go over the books" they are well aware of what the stumbling blocks have been and what "they" want....Management will address the situation very soon!

We all know that Trelawney Management will make Millions on this deal...but..I can say with the utmost confidence that they will get us a better deal and have been very systematic in getting us this far....their job is not over!

Iamgold is not going to get this prize for $3.30 per share!

Hang in there!

Digger144

P.S.  The only holes that may help somewhat are those pushing North...North East...E11-161...E11-168...E12-174...E12-176...E12-181...E12-183...E12-193....demonstrate expansion. However, further drilling beyond these holes would be needed to confirm results...not going to happen in time.

Comment by letsgetready on May 02, 2012 7:13pm
Digger, do you think TRR will actually issue a PEA before the vote on the deal with IMG?  it would be nice for them to issue a revised resource calcn showing how much they've moved upto indicated from inferred..a lot of the ANALysts in the last few days have been banging on about how low the indicared resource is and that the majority of resource is inferred. clearly they are not close to ...more  
Comment by digger144 on May 02, 2012 8:15pm
Hey Letsgetready... One thing that I have learned over the two years that I have held Trelawney is the ability of the Management Team to execute their gameplan. From the word go, they filed a Shareholders Rights Plan once they "got a sniff" of what they were on and have since then executed a very systematic and well planned strategy of value creation.  I was very much impressed ...more  
Comment by letsgetready on May 02, 2012 8:57pm
Thanks Digger. My question re will they issue the PEA related to the "friendly" nature of this deal and if management would hence have the same motivation to issue the PEA if they agreed to a friendly deal with IMG.. why do the deal/put themselves up for sale at this time..rather than wait until after the PEA is released..when the timing would be better for TRr to solicit offers..now we& ...more  
Comment by digger144 on May 02, 2012 9:07pm
I will stress this once more.... This is a hostile deal not a friendly deal!  Let our Management Team take care of the situation presented to them! There is no need to call anyone...all is being looked after! Take Care! Digger144 P.S.  If it is as good as we all feel....the market will react accordingly!  Give it time!      
Comment by northern-eh on May 02, 2012 9:33pm
What are you smoking?  Can't you read?
Comment by offshoreskeis on May 03, 2012 5:27am
A hostile deal it is so you say. Wrong //// Read the NR.     IAMGOLD Corporation (TSX:IMG)(NYSE:IAG) ("IAMGOLD" or "the Company") and Trelawney Mining and Exploration Inc. (TSX VENTURE:TRR)(FRANKFURT:RTW) ("Trelawney") today announced that they have entered into a definitive agreement (the "Agreement") whereby IAMGOLD will acquire, through a plan ...more  
Comment by lowpickr on May 03, 2012 8:03am
"This is a hostile deal not a friendly deal! " Hostile deal? So manangement had guns held to there heads or something when they accepted?  
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