Polny said it was BTFD time. Armstrong had a directional change 12/08 on one of his charts. The gold sector is historically oversold.
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 9, 2014) - Tanzanian Royalty Exploration Corporation (TNX.TO)(NYSE MKT:TRX) (the "Company") is pleased to announce that it has closed in escrow the issuance of US$10,000,000 in convertible senior notes and up to 3,642,857 common share purchase warrants to an institutional lender. The facility may be increased to US$15,000,000, subject to financial criteria. Forefront Capital acted as Placement Agent.
The Company will apply the proceeds of this financing to complete the final 10% of construction of the first phase of its Buckreef Gold Mine and to add to its working capital. Mr. James E. Sinclair, CEO of Tanzanian Royalty, stated "In light of the difficult market conditions affecting our industry, we are particularly proud of this financing which will be sufficient to complete the construction of phase I of our Buckreef Project and increase our working capital. We are excited about finalizing our plans for phase II."
"On the heels of our consistently successful drilling activities at Buckreef, this capital will allow TRX keep its development plan on track," commented Joseph K. Kahama, Chairman and Chief Operating Officer (Tanzania). "With the many challenges facing gold companies, this is an opportune time to purchase machinery and hire skilled local workers and contractors."
The notes are issuable at an 8% discount, with an initial funding amount of US$9,200,000. The closing drawdown will be up to US$2,750,000, subject to adjustment downward based on the ratio of $0.85 to the lowest daily volume-weighted average trading price of the shares up to December 24, 2014. Subsequent drawdowns may be made based on meeting certain financial ratios. The notes bear interest at 8% per annum, payable monthly.
The notes are convertible at the option of the lender at 115% of the 5-day volume-weighted average trading price on the NYSE MKT of the Company's common shares as at December 9, 2014.
Wiki How -
Most of us use the telephone on a daily basis, but we may not always do so in the recommended way. Here are some helpful steps for better phone experiences when calling TRX investor relations.
1. Mute or turn off the television before attempting to use the phone.
2. Always say "Hello." Do not say anything else, unless you already know who is calling. Jokes, personal greetings, or random words can be off-putting to unknown callers.
3. Use an approved company greeting when answering a business call. Do not just say "Hi," as some callers will consider this unprofessional.
4. Allow the line to ring at least five times before hanging up. This gives the other party enough time to finish (or interrupt) whatever they may be doing and come to the phone. If you called just to chat, hang up at five rings, otherwise it may get bothersome to the other party.
5. If possible, ask anyone you call if it is a good time to be calling. Do not simply launch into a monologue without checking to see whether the other person is busy.
6. Be sure to state the purpose of the call early in the conversation, and thank the other person before you complete the call.
7. Be patient and listen to the caller carefully.
P.S. TRX Investor Relations telephone number is Toll Free: 1-844-364-1830
Jim lied and I knew it. So I sold.
And your still here? Why not do something about it?
Did you turn to bashing TRX into a full time job?
You and Relbo are both quite capable of emailing those top 10 questions to IR. If your so dead set about it being false information, get a written response to your questions. The author of the article could have done the same thing.
While the hedge funds play smash the price, BTFD and say thanks!
It's not rocket science.
Lud ...make a list of the negative stuff that was printed, call and ask for answers to them.
Sometimes you have to get off of your #$%$
JJ forgot to mention that TRX's interest in Buckreef is 55%, the rest goes to Stamico.
Go to TRX home page..click on projects tab...click on 43-101 technical reports. The drop down box will give you the following information:
Buckreef Gold Project 43-101 Technical Report – February 2014
Itetemia-Luhala 43-101 Technical Report – January 2012
Kigosi Gold Project 43-101 Technical Report – September 2011
Lunguya Gold Project 43-101 Technical Report – February, 2010
Ushirombo Gold Project 43-101 Technical Report – August, 2009
Kibara Gold Project 43-101 Technical Report – October, 2009
Seeking Alpha article....
Seeking Alpha is located in Israel
The Human Resources Department at Sunny Empire State College
2 Union Ave, Saratoga Springs, NY 12866
Have never heard of James Emerson CFA ,
Adjunct professor of finance and accounting at Suny Empire State College the seeking Alpha author of the article.
Jim Sinclair returned my calls in regards to the article and I am completely satisfied with the answers given to me. That is a major reason I posted the message board fools article. Anyone interested in real information about TRX is free to call him.
Tanzanian Royalty Exploration Corporation
Suite 4400 – 40 King Street West
Canada M5H 3Y4
Toll Free: 1-844-364-1830
plz all stop bashing my father thank you
by dq2015 • Dec 5, 2014 3:41 PM
1 post | Last Activity: Dec 5, 2014 3:41 PM
Member since: Dec 5, 2014
"typical growing family", with children to put through college, who is monitoring a message board only to read posts by a "pack of 15 to 20 Bashers" (probably 5 or 6 under various alias's) posting continuous disinformation...
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 8, 2014) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm" or the "Company") is pleased to announce that Zijin Mining Group Co., Ltd. ("Zijin") has agreed to make a strategic investment in the Company which will result in Zijin owning approximately 9.9% of Pretivm's issued and outstanding shares. Pretivm has agreed to issue to Zijin by way of a private placement 12,836,826 common shares of the Company (the "Purchased Shares") at a price per share of C$6.30 for gross proceeds of approximately C$80,872,004 (the "Offering"). Zijin is a Shanghai and Hong Kong listed company with extensive interests across a broad range of commodities, and is the largest gold producer in China.
The Offering constitutes a significant portion of the planned equity component of the financing required to bring the Brucejack Project into production. Pretivm intends to use the proceeds from the Offering to fund capital expenditures including the procurement of long-lead items and camp infrastructure. The permitting process for a 2,700 tonne-per-day underground mine at Brucejack is currently underway.
"Zijin's investment positions us well at a critical stage in our advance to production," said Pretivm's CEO Robert Quartermain. "Zijin is a well-capitalized shareholder, and as fellow shareholders, we value their long-term outlook and commitment to gold and to the successful development of our Brucejack Project as a high-grade gold mine."
The Offering is scheduled to close on or about January 16, 2015, subject to regulatory approvals and approvals from the Chinese government or its relevant authorized departments. Pursuant to the subscription agreement, Zijin will be entitled to nominate one person to be appointed to the board of directors of Pretivm and will have a pre-emptive right to participate in any future equity financings of Pretivm to maintain its approximately 9.9% interest.
Buckreef Gold Project 43-101 Technical Report – February 2014
On Page 6 Measured + Indicated 2,425,500
This new investor, while learning the basics, is particularly vulnerable to the tactics of professional Bashers. New investors tend to lurk in the background of message boards, content to form independent opinions based on what they read with their own eyes. Very often, honest, intelligent and cautious people can easily be overcome by a well orchestrated propaganda effort.
You must always remember that their is a lot of money to be made in just the motion of a stock UP or DOWN it doesn't matter! And Bashers have money at risk just as you do. But they have the edge of fear, lies, and falsehoods to post while preying on the un-initiated. The average investor dose not have the edge of organized deception.
Recent revelations have indicated that even Market Makers (those charged with keeping the playing field level) have been involved in stock manipulation by Bashing on a stock message board. HAVE NO DOUBT THAT THIS IS A REAL THREAT!
Lesson 1: Remember, BASHERS NEVER Bash A BAD STOCK. Check the boards for stocks with no potential. They never have any Bashers. Bashers only go after stocks that are moving up or have excellent potential to do so. Bashers work to bring the price down to either increase their position at the expense of others or help a Short make their bones. Continued...search title
Reprinted here as a service to those who doubt this actually exists, or is simply an unfounded urban legend.
Is the "Bashing" of a stock an essential part of the online investment landscape?
Our Constitution guarantees us free speech and we have always valued the lessons gleaned from dissent. When does dissent cross over that imaginary line and become "Bashing"? To often we find well grounded dissent capriciously labeled as "Bashing" by over zealous investors bent on protecting a stocks reputation at any cost. The "Bashing" that is addressed on this site is quite different from dissent. The Anatomy of a Basher strives to look at the calculated erosion of confidence in a given stock. Erosion by means that are, in every sense, void of truth, hinged on deception and innuendo, and motivated by greed at the expense of others. This compendium is offered to aid in identifying the telltale signs of "Bashing", and hopefully provide a counter balance to this heretofore unchecked manipulation of investors fears for personal gain.
IS IT EASIER TO SCARE PEOPLE INTO SELLING THAN IT IS TO SCARE PEOPLE INTO BUYING A STOCK? I have asked some knowledgeable investors this question and the answer is always: "YES, OF COURSE YES!"
WHO BASHERS PREY UPON
Consider the elderly that are investing for retirement, they find their way to the message boards for validation only to see false posts about "SEC Violations" and "Class action suits"... or the head of a "typical growing family", with children to put through college, who is monitoring a message board only to read posts by a "pack of 15 to 20 Bashers" (probably 5 or 6 under various alias's) posting continuous disinformation... what do you think these new investors will do? It's safer to not buy or even sell the stock, put the money back in the bank than to deal with all this whirl wind of "unsupported" negative chaff.
The Internet has lured a whole new class of investor into the market. A new investor is just that - New!
The same article has an easier layout at Zerohedge.
An Inside Look At The Shocking Role Of Gold In The "New Normal"
From Paul Mylchreest of ADM Investor Service International
Long Nikkei/Short Gold: Profitable, dangerous and missed by everybody?
Has the market completely missed a huge long/short trade which has helped to drive up the Nikkei and drive down the gold price for more than 2 years? One that puts risk-taking and leveraged speculation by our industry in an unfavourable light again.
* * *
In the report we outline a thesis which draws together a complex web of interactions between Japanese equities, the gold market, repo financing, BoJ monetary policy meetings and anomalies in the silver market.
These interactions began forming in late-2012, specifically around September, as far as we can tell. With hind-sight, this was a pivotal period in recent financial history, when central banks embarked on a new phase of aggressive credit creation. We found no evidence of these interactions beforehand and think it is fairly unlikely that they are merely the result of coincidence.
At the centre of this, it looks to us like a large, leveraged long/short trade has been built up which is long the Nikkei index and short gold. The more the Nikkei has risen, the more the gold price has been pushed down.
Search.....An Inside Look At The Shocking Role Of Gold In The "New Normal"
Jim Cramer candidly speaks about hedge fund mode and the market with Aaron Task during an interview on "Wall Street Confidential". His open confessions about his manipulative tactics to trick the market and the legality of his actions are shocking.
DD? That's something to do 5 years ago, and at least quarterly if you have a lot of shares.
Bull... the article came out this week. The same players spout the same BS over the years. Sorry if the SA article peaked my interest. Who knew they were in Israel? You will like the Japan/gold article. The LMBA shuts down GOFO early next year. You can see why.