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Welcome To The Tanzanian Royalty Exploration HUB On AGORACOM

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Message: Squeeze me baby

"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.

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