Welcome To The Tanzanian Royalty Exploration HUB On AGORACOM

Edit this title from the Fast Facts Section

Free
Message: Re: Squeeze me baby
1
Aug 02, 2011 12:38PM
1
Aug 02, 2011 01:55PM
1
Aug 02, 2011 03:08PM
1
Gil
Aug 02, 2011 03:40PM

"As prescient as Sinclair is he seems to have been totally ignorant about this malaria TRX has caugfht. I don't think he was. All along the implication was that TRX would rise with the price of gold. We are now $6 from the much ballyhooed 1650 and TRX is in the gutter collapsing."

JS explained the credit spread situation (long gold and short miners), along with miners not being able to sell at higher current prices due to their derivitive dealings. So, I'm not surprised that TRX is not rising with the gold price. I dont' think TRX is collapsing, it is trading sideways holding at it's core support of 6.

At the AGM JS said that we wouldn't see a high sustainable price until we were producing. So, I think we are going to be sideways until we produce (hopefully Kigosi this year).

You didn't have to have dead money. If you really have as many shares as you say, you had room to trade this stock and retain a huge core position.


Aug 02, 2011 07:41PM
1
Gil
Aug 03, 2011 02:20AM
1
Aug 03, 2011 02:39AM
1
Aug 03, 2011 02:47AM

Aug 03, 2011 10:12AM

Aug 03, 2011 10:15AM
1
Gil
Aug 03, 2011 11:49AM
1
Gil
Aug 03, 2011 11:58AM
1
Gil
Aug 03, 2011 12:00PM
1
Aug 03, 2011 12:47PM
1
Gil
Aug 03, 2011 01:13PM
1
Aug 03, 2011 02:06PM
1
Gil
Aug 04, 2011 12:11AM
2
Aug 04, 2011 03:44AM
Share
New Message
Please login to post a reply