It hasn't ended well yet. You're still down over 20%. The company still hasn't produced commercially. The company still has no cash...
I'm not short yet. I've made my positions clear. Congrats on the run up. Company still has no path to mining, no gold, no cash, no financing plan. Cannot wait to see the financials mid month.
trx isn't a PM...it's not even a miner a this point (188 forced oz), it's a security associated w/ the mining sector with shrinking leaseholds on potential gold bearing properties in Tanzania, some small scale equipment that its been sitting on for 1/2 a decade, and no working capital to operate. Oh, and has enormous payables that sit outside the long term debt category so Jim can disingenuously say that the company has no debt.
"positioning itself" -What you and I don't know is how much cap ex and how much op ex it will take to generate cash flow...Last time CIGAs relied on cash flow based on Peter Z's "producing as we speak" pronouncement & uploads to the web page TRX produced about 188 oz of 90% Dore bars. That was for, what 18months of work to pick low hanging fruit. What we do know is the old heap leach setup cannot pull gold out from the clay soil. So the whole bootstrap/fast gold operation is worthless (ignore sunk costs).
rmstilez, you lose all credibility citing Bo Polny. If you actually traded according to his system, let us know...he was bound to get it right one of these days. One can be a friend of gold (as I am) and still see that he is a fraud.
i'm guessing at least double today's market cap...what say you, CIGAs? problem is, all the miners are increasing as well...
plenty of evidence, but the jury wants to believe that sinclair/trx is innocent b/c of all the injustices caused to them (jury) by the banksters. c.f. orenthal james simpson.
Only 9-10 cents left to go before TRX regains $.77, the price it opened with in May 2005. Over a decade of dead money if you bought when it started trading. Still down over 90% from its 2011 high.
On your behalf--Jimmy knows that the tiny theater that is TRX has even smaller doors. No doubt this pump is to benefit holter, hoffmann and their ilk. Just remember, when someone shouts fire in this turd of a theater, it's going to be an ugly sight for the longs--analogy is stolen from N.N.T.
-Low cost mine netted under 200 oz.
-you have no idea of cash costs or aisc b/c TRX doesn't put out that information. If you start talking cost per oz, you get back to th discarded 43-101 which ain't pretty in terms of cap ex.
-company has no cash