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Tanzanian Royalty Exploration Corp. Message Board

judge_stormy 1 post  |  Last Activity: Feb 5, 2014 12:07 PM Member since: May 28, 2007
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  • Everyone Satisfied With relbochat's statement??

    '...Inclusion in GDX was originally based on inclusion in the AMEX goldminers index. I am sure that there was some minimum market cap requirement for continued listing on the AMEX. Anything that contributed to keeping the stock price above the listing requirement helped keep TRX in the funds. Writing the properties off would have also made earnings look much worse.

    By the way the accounting treatment was not incorrect, it helps match the expenses with the ultimate revenue when a mine starts producing. The problem was that TRX had clearly determined that they were not going to advance at certain properties, as evidenced by the fact that the company had stopped allocating capital to exploration. At the time that determination was made, the capitalized amounts should have been written off because there was no potential future revenue to offset.'

    (pounding gavel)

    Case dismissed !!!!!!!!!!!


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