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FOR IMMEDIATE RELEASE - TORONTO, ONTARIO Tanzanian Royalty Exploration (“TRX” or the “Company”) (NYSE: TRX) (TSX: TNX) Is announcing that it has donated 104 desks to the local school in Ruamagaza. The photo captioned 104 Desks only shows 34 but the Buckreef Gold Mining Co. insists that the other 70 actual where produced. "The company focused all its efforts on this massive three month project and delivered just in time for the new school year. " states David Duval acting President. "I am extraordinarily proud of our crew on the ground" said Jim Sinclair. If we couldn't find anything for the crew to do while waiting for the funding to mine, they would have deserted the mine and it would have been overrun by artisinal miners again. The amazing technology of Facetime allowed David Duval to run the project from the comfort of his home in America. He hasn't had to set foot on the ground at Buckreef in years saving your company thousands in travel expenses.
In accordance with Tanzanian law confirm by the Canada-Tanzania tax treaty, the company is able to claim a tax deduction of $3.4 million by allocating the cost of clearing the Buckreef site in order to obtain the timber and all the salaries for all the employees involved in the project. Again Facetime really paid off as TRX was able to include Duval's salary and benefits in that number even though he was not physically present at the mine. "This donation was the least we could do for the people of Tanzanian after we failed to deliver on the redevelopment of Buckreef and create the jobs we promised." Your company successfully converted by natural resources of Tanzania for the people of Tanzania by deforesting the land and at the same time producing some pictures for shareholders alluding to progress on the path to mining." added Mr. Sinclair.
In conjunction with this monumental effort Giancarlo Skyped in a few times for which we paid him an additional $108,000. We could not have completed the task without him. He repurposed all the left over metal parts from the non-functioning CIC plant. That project was like putting together Ikea furniture with have extra parts remaining at the end. Nobody could ever figure out where they were supposed to go anyway.
Your company hopes that this token gesture diverts the attention of shareholders from the complete lack of progress down the path to mining. Additionally, management hopes that the donation generates enough good will with the government of Tanzania to forestall any efforts to collect past due license fees and penalty payments or to eject TRX from the Buckreef project.
David Duval Acting President
Headed to the 30's and I don't mean the temperature in New York in Fahrenheit.
Perhaps a short-term pull back is more likely before the next rally on TRX? google awe*some*sto-cks - they offer pretty good trade alerrts. you dont have to trade their tickers but it definetly helps you recognize possible patterns for stocks you're trading.
Very difficult to see TRX not making a big run north. Yo you should really check out awesome_sto-cks, they seem on point with their stocks.
PR NEWS LETTER states their " Buckthief Project " supports the new Transylvania regulations as long they can continue their buckthievin""""
Anyone else remember Jimmy telling us about the massive deposit of easy-to-mine and process ore in a mining friendly jurisdiction? I can barely type those words now without laughing out loud.
Still no skipper on this ship of fools called TRX. No optics of Duval on the ground at Buckreef, ever--closest he seems to have gotten was EDS facility in Joburg, in 2015. Jimmy has been busy with his three part autobiography for paying CIGAs on the Mineset (still no mineset revenue sent to TRX).
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Kitty you are correct TRX has all the written correspondence granting the license months ago and the fee paid it was covered in the release. As you have pointed out. The Trolls are doing what they do best twisting every thing good Jim has done to try and make it look bad they should read the contract TRX has and after reading it read the Canadian Tanzania Treaty of 2013 what company in the industry has a 45%/55% deal? and paid a 3,000,000. non refundable fee. The troll community are once again doing what they do lie. Soon TRX will be mining gold and the trolls will vanish.
In like Flynn!
It is going to be a long time until anything happens at Buckreef. Tanzania just suspended the issuance of mining licenses. http://www.dailynews.co.tz/index.php/home-news/51909-govt-suspends-issuance-of-mining-licences That means according the latest MD&A that the status of Buckreef will remain care and maintenance until the issuance of the SML (Special Mining License). Expect the whole Buckreef JV to be reviewed pursuant to Natural Wealth and Resources Contracts Act, 2017. From the Daily News Tanzania "After shocking revelations, which brought the nation to a standstill, that for over a decade the nation has been losing its revenues to dreadful mineral contracts due to bad laws governing the sector" TRX hasn't paid the penalty payments for failing to bring Buckreef to commercial production, nor has TRX paid the fees on its other licenses. How well does anyone think a review will go for a deadbeat company?
Govt suspends issuance of mining licences
Tanzania\'s leading online News Edition (The National Newspaper). Get access to the most current and latest authoritative news on local issues, politics, events, celebrations, editorial, columnists, features, people and business
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Don't be swayed by last quarter's numbers. Focus on upcoming progress and events. Big changes in the making!
When you see someone post something positive about TRX and suddenly many "thumbs down" appear, it's your clue that there are many paid bashers on this site. Why else would people hang around a stock they don't like? Be of a contrarian mindset. The more basher you see, the more positive you should be about your investment!
Quarterly financials out, more giveaways--20% finder's fee for a 450,000 loan (Buckreef is a goldmine, for friends of Jim), a nearly 30% raise for Giancarlo--$148,924 for 9 months of web backup services. And here's why Tanzania hasn't shut Jim down yet" 172,330 to Stamico for doing not much. I don't see anything about a 35,000,000 straight line loan after the quarter ended, Truther; Better start packin' the lanolin.
There is zero chance that a company that paid a 20% finder's fee on a $450K loan will secure $35 million of "straight" debt financing for the Buckreef project
RELBOCHAT AUGUSTUS AND LUDWIG I JUST CAME BACK FROM THE DOG PARK AND SAW PEOPLE PICKING YOU UP AFTER THERE DOG WAS FINISHED PUSHING YOU OUT AND PUTTING YOU IN THE TRASH IN A LITTLE PLASTIC BAG. YOU ARE DOG S.