An overgrown Australian sheep affectionately named Chris has set a new unofficial world record following a hair cut from five shearers.
Welfare crews warned it risked death because it was so woolly from living in the wild for several years.
More than 40kg (88lb) of wool was removed in what the RSPCA says is the heaviest wool haul from one shearing.
fsuinvestr: they have pulled gold from the ground. Its still considered gold wool (I think that's the term) anyway if they deliver it now thered be tax and other implication that are unnecessary now.
Because the main implication is that everyone would find out that there hasn't been a commercial quantity of gold produced. It is not like they don't need the revenue. Or is it because if they sold some gold then management wouldn't get to lend the company money at close to 30% interest? In Tanzania, the royalty payment isn't due until the gold is sold so TRX could produce dore bars without triggering a tax liability. But one would only know that if one did a little research, why bother verifying anything, just trust Mr. Sinclair when he makes explanations that defy credibility..
The Kigosi access agreement expired. I don't think anyone from TRX can even enter the game reserve. Too bad they demolished the old buildings at Buckreef, they could have run haunted mine tours for Halloween.
Average daily volume in New York was under 200K in August. That's only about $65K worth of stock each day. Roaches check in but they don't check out! Stock is down 20% for the month. I think it makes new lows in September. Still no insider buying. They can't still be tapped out after all they've been receiving the lease payments at just under 30% interest. Fiscal 2015 is in the books. No doubt there was NO GOLD and therefore NO REVENUE. We'll have to wait another two months to find out how bad it actually was that is if they actually have enough money to pay for the audit and to keep Macro Guidi employed for two more months.
The number is much higher for TRX. They have no active on going exploration. In all the years, they were exploring, they failed to find a commercially viable gold deposit. They had two discoveries, Kigosi and Itetemia. Kigosi is not viable since it is located within a game preserve and despite TRX's efforts the company has not obtained permission to mine. Since the Kigosi access agreement has expired, the company is probably not permitted to even enter the license area within the game preserve. Itetemia is too small to be commercially viable even at $1,600 gold. The royalty partner abandoned the property. So divide zero new ounces by in excess of $25 million of exploration costs and you arrive at TRX's cost of exploration. Cheaper for them to buy, which was no doubt one of the factors behind the Buckreef purchase.
Monday is the end of the fiscal year for TRX and it looks like they are going to put up another zero on the revenue line. It has been an entire quarter since Peter Z. said we are producing now and almost two months since the pictures of steel wool in a bucket. TRX has missed Philip Kanicki's "first pout in September (2014) by almost a year now. No wonder Comedy Clown Nigel thinks Peter Z. is the most effective general manager that TRX has had. At this point, he is only 3 months off his guidance.
Still digging holes and moving dirt but still no gold.
Sinclair sold the hobby farm to Van T's group. So, the animals had to go. The sheep had already been sheared anyway.
Given your payoff, +.30 or -.30 on a $0.30 investment you are better off going to Vegas or AC and betting on red or black. It is the same potential payoff, instant gratification, plus free drinks served by beautiful women.
Because it is not HIS product. His company was selected to redevelop the Buckreef gold mine not to wait for an opportune moment. The Tanzanians could leave the gold in the ground all by themselves.
JS gets no respect on the board because this board is about his company. He has proven himself to be completely inept at running it.
With gold at 5 year lows, that strategy is a loser. I wonder how soon before Stamico takes control of Buckreef from TRX.
Check out the Banro Corp web site. Symbol BAA. Compare the pictures of their, equipment, plant, ponds, and leach pads to TRX's. The production targets are similar but one thing does not look like the other. Judging by the pictures, there is no way that TRX can ever come close to their stated goals.
Also compare the granularity of their disclosure to TRX's. The inability of Peter Z. and Kahama to provide production information and estimates highlights their incompetence.