More operations update pics posted today on the TRX website. Pics taken yesterday show weather still clear and power lines being installed underground to the plant.
Check out the news headlines and you will find a report on TRX:GB, a completely unrelated company on the London exchange called Tissue Regenix Group. Just another excuse for the fraudsters to attack the share price, even when the gold price is higher today.
The change must have been to reduce costs, so the board is paying attention to business. But, goes without saying, we need an 8-K showing progress on resolving the senior debt.
The pics of crusher plant testing show hard rock sample sizes getting pretty small. Are operations close?
See the pics posted today and previous days on TRX website under operational updates. Looks like the plant will be ready soon, but I haven't seen a discussion of the status or schedule.
Good points you make about ties of current Board chairman of NOVC (Igdaloff) and director Amster to Dynex Capital. To me, that means their focus was, and probably still is, mortgages and fixed income investments. Their initial investments in NFI/NOVC came when mortgages were still the focus of the business, and it has been pointed out here that the new directors invested in NOVC while knowing Corvisa was not the value they were seeing in the company. So, what is? The tax shelter and the mortgage portfolio? Let's hope we all get to see the business plan soon. It's about time.
No, but the acting CEO said at the earnings call that every investment made by OSTK is very closely synergistic with the tech objectives of Medici/T-Zero. So we know the amount of the investment and the nature of the tech, though only in general terms.
More pictures each day this week showing assembly of the crusher plant for processing ore. If you haven't seen them, go to the profile page on this site and click on the link to the TRX website. Then use the menu for Corporate Blogs and choose Operational Updates.
Company info from April 20 re Shake Table:
Gravity Plant Update
April 20th, 2016
This is the final stop for a gold processing gravity plant. It is called a shake table and when operating you would see why. During this time out we have transported our already paid for gravity plant which the original builders are reassembling now at Buckreef with the capacity to convert in place without any significant delay to CIL. As significant amount of the CIC will be utilized in the conversion Gravity/ CIL. After the testing phase we will run the operation first Gravity/ CIL. The final product should be faster, with good recoveries in shorter periods of time, but most importantly safe. This is something undertaken on our decision voluntarily.
Tanzanian Royalty Exploration Corporation ©2016
One of the pics is labeled "new crusher installation." The other is unlabeled. Bottom line to me is the location looks to be peaceful and work is on-going.