Fri, Dec 26, 2014, 5:53 AM EST - U.S. Markets open in 3 hrs 37 mins

Recent

% | $
Quotes you view appear here for quick access.

Tanzanian Royalty Exploration Corp. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • whitesands_8 whitesands_8 Aug 11, 2011 3:18 AM Flag

    Now they're restating financial statements!

    Sorry fellow, just because you want it to be awful news doesn't make it so....Read it, it is nothing of consequence and your imaginations and what if's are merely hot air and completely irrelevant..,You are making things up in your own mind and choosing use any opportunity to twist things and as such you've now qualified yourself for use of my ignore feature.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • so_much_for_the_fundamentals so_much_for_the_fundamentals Aug 11, 2011 1:23 PM Flag

      There are 2 issues in the Amended and Restated MD&A For Period Ended May 31, 2011 which should cause investors to raise their eyebrows.

      But, just like the US Government, the company and the flock would rather keep the smudge pots filled and hope the issues goes away.

      I would like to see these 2 gernades being openly discussed at this time, rather than someone bringing them to the annual meeting, pulling the pins, and tossing them into the crowd.

      bullionairo had your group pegged from the get-go.

      • 1 Reply to so_much_for_the_fundamentals
      • If Kigosi is such a bonanza, it makes no sense to remove the 20 tonner if it's spitting out nuggets 24/7. None. Moving it to Buckwheat? How about doing that AFTER you got the 100 tonne plant in place at Kigosi????????? Why stop sampling now????? Besides, who's running the crusher show now that Riann left? Which might explain why they shut down the sampling........because there aint nuthin economically viable to extract. ALL ABOARD THE BUCKWHEAT TRAIN!!!! (Kigosi mind eraser in full effect.)

    • so_much_for_the_fundamentals so_much_for_the_fundamentals Aug 18, 2011 8:07 PM Flag

      So ... are shareholders to consider that this is "nothing of consequence and ... completely irrelevant"?

      "$6,291 was paid for administrative services including technical support and services for the President and CEO' website which is recorded as a receivable and the President and CEO reimburses the Company at fiscal year end."

      and ...

      "As at May 31, 2011, the Company has a receivable of $35,420 from James E. Sinclair. The
      receivable is a result of administrative services including technical support and services for Mr.
      Sinclair' website. Mr. Sinclair reimburses the Company at fiscal year end. During the three
      month period ended May 31 2011, $6,291 was paid for administrative and technical support and
      services for Mr. Sinclair' website which is recorded as a receivable."

    • so_much_for_the_fundamentals so_much_for_the_fundamentals Aug 18, 2011 8:10 PM Flag

      So ... are shareholders to consider that this is "nothing of consequence and ... completely irrelevant"?

      "On February 1, 2011 the Audit Committee approved a waiver of the Company' Code of Ethics
      and Business Conduct (the "" with respect to entering into a loan agreement (the "
      Agreement" with Joseph Kahama ("" the Chairman and COO (Tanzania) of the
      Company, providing for a six month loan from the Company to Kahama in the principal amount of
      US$100,000 on arm' length commercial terms, bearing interest at the prime rate charged by the
      Company' bankers, determined monthly (the "" The Board approved the waiver of the
      Code in connection with the Loan and entering into the Loan Agreement with Kahama on
      February 1, 2011. Kahama has confirmed the repayment of the loan principal plus interest on or
      before August 1, 2011. There were no loans made to Kahama during the three month period
      ended May 31, 2011.

      During the nine month period ended May 31, 2011, US$7,200 was paid to a company associated
      with Kahama for office rent. During the three month period ended May 31, 2011, Tanzania office
      rent in the amount of US$2,400 was paid to a company related to Kahama. The rental rate
      charged to the Company is at the prevailing market rate."

 
TRX
0.61+0.01(+2.34%)Dec 24 1:02 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Virgin America Inc.
NASDAQWed, Dec 24, 2014 1:00 PM EST
Portugal Telecom, SGPS S.A.
NYSEWed, Dec 24, 2014 1:01 PM EST
Yahoo! Inc.
NASDAQWed, Dec 24, 2014 1:00 PM EST