I'm smiling. I was able to double my position in TRX. Just wish I had got out of my meeting quicker, and so was only able to buy at $2.15.They are still on track for production within 12 months. Will sell half of today's pick-up at $4. Read the website closely if you are concerned. If you can't handle volatility buy treasuries.
just like it was crazy at $5? once the fundamentals are re-priced now we know the KWN news and numerous other claims of production in 2011, 2012 and 2013 are all lies, it doesnt just get cut in half, the whole thing is a lie and its worth 0.50, hence the successive waterfalls
when i do my fundamental analysis assuming the small properties were frauds as it appears (kigosi, lunguya, ushirombo, the royalties are worthless (the most valuable ones are 96% owned by the partners who mkt caps are single digit millions) and buckreef is doing nothing until 2014 and thats assuming they find $280M which is only available thru equity and would result in a 0.25 share price. i think it goes under a $1 in 2012. plus sinclair is now out trashing geier. thats real classy. for whatever reason they supported him and now he mocks them? wow. it sounds like geier may have some things to say and the company is trying to discredit them...
production within 12 month you say ? There is an article on Mineweb about TRX and it's crash .. it says " aiming for production in 2014 with 100,000 oz. " ... holy crab ... what a disappointment .. and this stock traded in the $ 7 range ? I alwys said ... $ 5 for Sinclairs name and $ 2 for TRX... there we are now .. in the $ 2 range .