TRR failed to convert much gold to Measured and Indicated therefore, most of it is still Inferred. Their overall grade is lower and they used a higher per/ounce value ( $1500) in their calculations. All along some of us have been saying that TRR is comparable to Probe except that they are about 6 months ahead of the curve. Well, TRR is sitting at a stock price of $2.40/share while Probe is at $1.15/share. Our EV/Oz AU falls short by a substantial amount when compared to TRR or most of its peers. Why?

So what is the real story? Does management know why? I think so. Dave can’t be happy with the stock price and probably has a good idea as to why we are being driven down. The shorts had inside information on the plan to drive Probe share down. The entire plan was executed perfectly making money for the shorts and preparing Probe for what? Takeover? Shorts go up and price goes down. Did some of us think the shorts would burn? Not a chance.

Look at the action this morning. Anon is selling once again with no signs of giving up. What is the plan?

rosehill