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
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.
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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.
READ IT AND WEEP TROLLS YOU SAID FINANCING COULD NEVER HAPPEN SORRY TROLLS IT IS ON THE WAY!!!! NO STOCK A STRAIGHT LOAN!!!! The Company has begun active negotiations to complete financing on a straight loan basis. This will ensure that we have the n ecessary capital to complete the reconditioning and construction of new modules for our modern Gravity/CIL plant. We have brought in a team of experts with decades of experience in building and maintaining these types of plants. We have the utmost confidence in their ability to complete the project under budget and ahead of schedule. Importantly, th is Gravity/CIL plant will allow us to run pay dirt at an efficiency rate of 90% or hi gher in the recovery of gold. We anticipate the plant being built in approximately 8 months.
Things to note: In the latest set of pictures there is not one of Duval on site. Is Philip K, the manager in charge of the first epic failure at Buckreef, still running the show (and I use that word intentionally) on the ground? The latest quarterly financials will be published in the upcoming week. I predict that TRX will have spent ZERO on plant or equipment. So much for the progress towards future mining.
Toronto, Ontario--(Marketwired July 7, 2017). Tanzanian Royalty Corporation (the Company) announces that Jeffrey Duval, acting CEO, is pleased to report the success of feeding a twenty year old photo of "Mister Gold" James E. Sinclair to the Guardian of Tanzania news outlet on the heals of re-releasing a two month old presser highlighting gold deposits in Buckreef that had been known through previous exploration efforts for at least a decade and a half. For a hat trick, Mr. Duval intends to have a photo of the late "Mr. Butters" released in the August 2017 issue of Pet Times.
ANY THOUGHTS YOU WOULD SEE ME IN A SHEEP COSTUME ARE BANISHED YOU ARE ALL EATING CROW PIE NOW! TRX WILL BE POURING GOLD AND YOU WILL STILL BE LIVING IN YOUR PARENTS BASEMENT IN 8 MONTHS. NOW YOU CAN SEE WHY ALL THE SITE PREP WORK WAS DONE BECAUSE JIM KNEW THE MONEY WAS IN THE BANK TO BUILD THE PLANT.
The trolls are toast TRX is will be building the plant and pouring gold soon I bet on it and stand by my bet! If you look at some of the deep drill holes the grams per ton are very high. Talk trash trolls your days are numbered.
where is chat and the rest of the idiots? I told you TRX was a FRAUD a decade ago. Nobody listened.
Augustusgloop you must be getting desperate because as you can see by the progress Jeffery and Jim are making they will soon be mining gold at Buckreef and you will still be living in the basement of your parents house. Some day you will grow up get a real job and be able to afford an apartment. Making a living being a paid troll bashing TRX is coming to an end.
Johnny couldn't agree with you more!
So sad to see so many people wasting 10+ years of their lives listening to Jim Sinclair, the biggest charlatan in the history of the world.
I was off by a business day. We got the low this past Tuesday at 1241 in Gold. Gold is currently sitting at 1258.34, on it's way to challenge 1338.30 in July, of course.
Operational Updates 2017-06-16 Preparatory work for future mining has commenced