You are the one talking about 4 million plus ounces. Most of the gold is in low grade deposits that were just contributed to a JV with Allied Gold. Buckreef main has somewhere over 1 million Measured and Indicated ounces. To extract the gold at Buckreef MainTRX needs to raise $230 million in capital. Right now TRX probably has about $6 million in cash left which is less than 1 years worth.
Somebody has been sending a message that William Harvey, Rosalind Morrow and Ulrich Rath don't belong on the board. Look at the votes withheld, 9.78 million from Ulrich Rath only 17.57 million for, 9.4 million withheld from Rosalind Morrow only 17.9 million for and 8.75 million withheld from WIliam Harvey with only 18.6 million for all out of 100 million shares outstanding. It appears that the TRX nominating committee is not listening since the totals were similar last year.
It has been roughly a month so time again for the Comedy Gold Honor Student of the Month - goose
"goose: They could have at least let the locals salvage most of the good lumber and tin before they tore it all to pieces." Heresy goose, heresy. You will be banned soon.
Exactly, except if they didn't drive the bulldozer there would have been no action shots for the videos.
According to PT there are Nuggets at 230 M. Try extracting them with the excavator and the bulldozer. Where's Uli?
80% assembled. I am wondering. How did it get 20 disassembled?
I think they had to knock the "shaft" down first. Couldn't put it in the video next to that hulk, otherwise people might notice how small it is.
Maybe Uli is the Lt. Col. Markinson of TRX.
Dear Mr. and Mrs. Santiago, TRX Shareholder,
I was William's executive officer a director of TRX. I knew your son vaguely, which is to say I knew his your name from the list of certificate holders. In a matter of time, the trial of the two men charged with your son's death company’s bankruptcy will be concluded, and seven men and two women whom you've never met will try to offer you an explanation as to why William is dead TRX failed. For my part, I've done as much as I can to bring the truth to light. And the truth is this: Your son is dead company closed for only one reason. I wasn't strong enough to stop it. Always, Lieutenant Colonel Matthew Andrew Markinson, United States Marine Corps. Director Ulrich Rath, Tanzanian Royalty Exploration
"eagle: I think the video was shown just to document the fact "ground was being broken" somewhere...The next picture will probably be pictures of the assembled processing plant. "
Fooled by the magician's distraction. JS needed an action shot to cover the fact that TRX has done nothing to actually start building a mine and this clown falls for the trick. BTW in the Feb 6th press release Sinclair said that the processing plant was on site. He had previously said that it was 80% assembled and just waiting to be commissioned. So why no video or still pictures of the real mining equipment?
Updates on the quickstart projects from last year, Itetemia and Luhala.
Video of the 80% assembled processing plant
1 minute of Sinclair's speech at the AGM
The AGM Q&A
and most of the money raised in the last public offering.
Wrong the date of the revised 43-101 is last month. Still no power anywhere close. Nice try. One supposes that the natural first step to building a mine is to spend some money on infrastructure and equipment. TRX has done neither.
Good luck. Great video of the site work, 1 bulldozer and 1 medium duty very used excavator knocking down some corrugated tin sheds. They are going to hire the guys to put up stop signs for the dump trucks they don't own and haven't ordered yet. I doubt that they will do an mining with the all of $100K worth of equipment that they have on site. Did you see any video of that plant that is 80% assembled? Neither did I.
That's right because no real mine will ever be built. The Allied Group will take care of diluting TRX's stake in Buziba even more if they can manage to raise any money. There won't be any shares the dilution will occur in the JV structure.
163 days, $2.50 warrant fair market value $0.32, 11.86% out of the money, 28.83% probability. 1.4 million shares trades at $2.51 or above. Sinclair gave Platinum a free synthetic put (long warrant plus short stock equals put) and they are up perhaps $450K. Thanks Santa!
1) Psychedelic demolition video.
2) The General Manager talking about where the company put stop signs.
3) The Nixonesque audio glitch while Sinclair spoke.
4) The chief fleecing officer's half-arsed presentation which was completely devoid of real numbers.
5) Sinclair's boy toy talking about junk science as it relates to a license location that isn't even on the list for potential conceptual mining.
1 & 4 No need to short when management gets shares for free through RSU grants and at a 50% discount through the purchase program.
You didn't like subliminal message in the video; that the lunatic fringe gets the shaft? During the video the soundtrack plays Red Ryder's "Lunatic Fringe" and the title Shaft appears.
Down to about $6 million in cash and they still haven't bought any equipment.
Used articulated dump trucks go for $600K.