TRX trade ideas
Tanzanian Royalty Exploration Corporation (TRX) TRX Gold Corporation is advancing the Buckreef Gold Project in Tanzania, which is supported by a substantial mineral resource estimate. As of May 2021, the project has a measured and indicated mineral resource of 35.88 million tonnes at 1.77 grams per tonne gold, amounting to over 2 million ounces of gold, along with an inferred resource of 17.8 million tonnes at 1.11 grams per tonne, containing more than 635,000 ounces of gold. The company’s leadership is dedicated to increasing gold production to generate positive cash flow, which will be reinvested in exploratory drilling to expand the resource base and advance the development of the project, which represents 90% of the current resources.
TRX Gold operates with a strong commitment to environmental, social, and corporate governance (ESG) principles, as demonstrated by its long-standing relationships and programs in the Geita Region of Tanzania, where it has been active for nearly two decades. The company’s strategy includes balancing near-term shareholder value creation with long-term growth by utilizing the cash flow from increased gold production to fund further exploration and development.
Given the current global economic climate and the steady interest in gold as a stateless currency, TRX Gold's prospects appear solid, particularly as central banks continue to diversify away from fiat currencies like the US dollar. The Tanzanian government's stable policies and the country's rich mineral resources contribute to the project's potential. Despite the company's current challenges, including the need to optimize production and manage costs effectively, the Buckreef Gold Project’s promising resource base and strategic approach could make it an attractive investment for those seeking exposure to the gold sector.
TRX Gold's market capitalization stands at $111.52 million, with a forward P/E ratio of 6.30 and a price-to-book ratio of 2.12. The company's operating margin is 21.40%, and it has no long-term debt, which positions it well for future growth. However, the net income for the latest reporting period shows a loss, indicating that the company is still in a critical growth phase and may face short-term financial challenges.
From a geopolitical perspective, Tanzania has maintained a relatively stable environment for mining operations, supported by the government’s interest in leveraging the country’s natural resources for economic development. This stability, combined with TRX Gold’s focus on sustainable practices and community engagement, suggests that the Buckreef Gold Project could be a key driver of both local and company-wide economic growth in the coming years.
TRX Gold presents a speculative opportunity with the potential for significant returns.
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TRX Gold Corp: A Golden Future Unveiled in Q1 2024
TRX Gold Corp ( AMEX:TRX ) has recently unveiled its first-quarter results for 2024, today painting a picture of triumph in the competitive world of gold mining. The company's robust performance in terms of operating cash flow, gross profit margins, and expansion plans for the year has positioned it as a shining star in the industry.
Impressive Financial Performance:
TRX Gold's ( AMEX:TRX ) first-quarter results reveal a stellar performance, with the company successfully pouring 4,927 ounces of gold and selling 4,895 ounces. The positive operating cash flow of $5.1 million, coupled with a gross profit of $3.7 million and an impressive margin of 40%, underscores the efficiency and financial acumen of the company's operations. Notably, the Adjusted EBITDA of $2.6 million further adds to the glowing financial picture, showcasing TRX Gold's ability to navigate the complexities of the market with finesse.
Strategic Expansion Plans:
Looking ahead, TRX Gold's optimism for 2024 is palpable, with estimated gold production ranging between 25,000 to 30,000 ounces. The company's commitment to maintaining an average cash cost per ounce between $800 and $900 reflects a dedication to operational efficiency and cost management. The ongoing expansion plans, including the increase in processing capacity to 2,000+ tonnes per day, signify TRX Gold's forward-thinking approach to meeting rising demand and securing long-term growth.
Milestones Achieved:
TRX Gold's expansion project is well underway, with the recent arrival of a new 1,000 tpd ball mill on-site in October 2023. The commencement of earthworks for crucial components such as the ball mill plinth, tank line foundation, and bund wall for additional leach tanks emphasizes the tangible progress the company is making in enhancing its infrastructure. The Buckreef Project, where TRX Gold operates, benefits from full licenses for mining and gold extraction, providing a solid foundation for the company's ambitious plans.
Commitment to Sustainability:
TRX Gold's commitment to sustainable growth in the gold mining industry is evident in its reinvestment in the Buckreef Project. The company's dedication to advancing the mill expansion and constructing an expanded tailings storage facility highlights a responsible and forward-looking approach to environmental stewardship.
Conclusion:
TRX Gold Corp's first-quarter 2024 results showcase not only a successful past but also a promising future. The company's commitment to excellence, coupled with its impressive financial performance and strategic expansion plans, positions it as a frontrunner in the gold mining industry. As TRX Gold continues to shine in the market, investors and industry observers alike can look forward to a golden era of growth and success.
TNXTechnical, fundamental, TNX is firing on all cylinders. Like ASM from my previous post, this stock has always been a stellar performer in even the most anemic gold bull markets... This time around i think it's going to melt faces . A solid buy .
TRX: Positioned for Significant Growth in 2023TRX Gold Corporation has long been suppressed along with other junior miners. As anyone who has invested in junior miners over the years knows, the bear markets in junior mining stocks are often brutal, with 80-90% drawdowns.
When the bear market ends, however, the asset price has been so suppressed that it can easily spike 1000% or more, as the valuations have, by then, become so absurdly low vs the measured resources in the ground.
TRX has many great things going for it, which are not yet reflected in the stock price.
• The company had long been starved for cash and was forced to issue shares into a down market to fund its development and continued operations. This has placed downward pressure on the stock price along with sector-wide bearish pressures.
• The company has completed and fully commissioned its 1,000 tonne per day processing plant. It is now in full operation. With this plant, the company is now making all the money it needs to fund its operations at the Buckreef mine. No more cash burn or share issuance will be necessary to build a future for this company. A turning point has been reached.
• Gold recoveries using new processing plant are 90%, so they are making good use of the resources they're extracting.
• The exploration drilling at the Buckreef site is continuing to show that the resource may be much larger than originally thought.
• The TRX share price may be breaking out of the recent down-trend.
• With the processing plant in full operation from the beginning of 2023, the company is going to have a tremendous amount of cash to work with, to keep developing the company. Every new investment will lead to even more growth in the company.
• The Buckreef resource has 43-101 resource of over 20,000,000 ounces
• Q4 2022 Cash costs of only $560 per ounce of gold with gold trading around $1700-1800.
The company has consistently delivered on the promises of the current management team and likely will going forward.
TRXtamrin ezafi_Aya nahveye tarsim khat ravand sahih ast .2- aya mitavan goft baad TRX agar balay 0.47 tasbit dad afzayesh va dar gheyr insort kahesh darad .
Possible move up or down Tron could begin to trend up in the next two days im new at technical anyone else think this is a possibility?
keep it on your watch list!Possible move:18-60 %+
Reward/Risk: 2-4.5 (R/R>3 is Ideal)
Time frame: 12wks
This is just my technical view, not a fundamental comment..!
I can make you confused by a crowded messy chart, but I would rather simple effective presentations..!
Leave a comment that is helpful or encouraging. Let's master the markets together
THE BOTTOM DWELLERS OF CRYPTOASSETS
Looking at the cheapest cryptoassets in the market.. $TRX is definitely undervalued compared to a lot of the other DeFi platforms !
As we have seen before with the others. They are clearly in an uptrend . However this one tried and is now in a correction slowly growing back up
I am currently not adding any more units of TRX since i already achieved 10,500 units .
However i do want to keep my team above the water!
We clearly see A lot of consolidation within TRX . Keep this channel in mind! as long as you buy under the channel you will be fine. as they say . Buy the dip!
Never sell
This is only opinion and is not financial advice.
Follow me for market analysis .
If you won't hold a stock for ten years. Don't hold it for 5 minutes
TRX Longthis past week you had your chance to add to your positions at .90c and even below it on a few days this past week. I see the .50 fib level at 1.24 as next target. The financing is in and there is some questions regarding dilution with the shares outstanding. I think the market will figure itself out on price and should see this stock run much higher as gold continues to push higher. I added to my position at .90 and I had another ladder fill at .88cents. I like the weekly chart as it filters the noise as I am longterm holder of this stock. Look at the macd histogram on the chart. Momentum slowed but we had no cross on our averages. We are still holding the bull trend in place. It pays to comb the time frames and pay attention to macd. Check out daily macd and you will see what I mean vs the weekly chart macd. Retest of 1.09 is coming and I believe we blow right through it to 1.24. Charts look good. It a matter of time before momentum ticks up and we get a nice run higher. I believe ultimately we take out the old highs in this stock. We will watch the chart.
Cheers
Pivotaltrader
TRX Long This week we broke out above that .90cent ceiling and tested the 1.09 level. I anticipate a retest of the .90 cent ceiling as the new floor and then we move higher. I did see a thousand lot option trade this week on the 1 dollar jan 2021 calls. They were bought/sold for .25cents. I find that interesting as the bid ask spread was higher throughout that day. I believe that was an institutional position trade ahead of some big news incoming. I did a fib retracement from the high to the low and the .50 retracement level is 1.24. The golden ratio of the .618 is 1.98 and that is at the low end of my target box area. I think we get a retest of the .90 cent level and that may be a great opp to add to your positions before we head up to 2 dollars. The momentum on the weekly chart histogram of the macd is building and that is a great sign of strength for the stock. I see 1.24 is in the cards here soon. I believe the news that is incoming could really catapult this stock right through these resistance levels. Stay long TRX, this is just getting started in my opinion.
TRX LongThis is monthly chart. I wanted to look at the 50k ft view here to see the trend. I think its pretty obvious where this is going. We cleared the resistance level of .90 cents this week. I would not be surprised to see a retest of .90 as the new floor but it can just keep running higher. I am targeting 2.50 level as a major support area. There is also support here at 1.18 level that we can hit some resistance at too. It is very early to be involved in juniors and the big money has yet to see this trend which is emerging. I dont see gold taking a massive hit at this 1800 level. But who knows as they did try this past week to knock it down and there was plenty of buy support to bring it back up. This company is in production now and is producing gold now. Its under a buck still and is a great buy even at these levels. I dont think it will be too long before we take out the old highs of 9.10 in may of 2006. The catalysts are many for this stock with financing being a huge catalyst which is around the corner. They are in production and producing, and the price of gold at these levels is fantastic for their margins. Algos are great at recognizing trends and momentum. Then they will push the momentum which feeds on itself. I say get your positions in now, because once that happens its gonna be alot more expensive to buy in. Its still way under the radar at this price. The last point i will make about this company is the management. Jim Sinclair was considered one of the largest gold traders in the world. He has been around and has seen many markets and he is managing a mining company and pulling the metal out of the ground. Why is he managing and invested in gold mining vs trading the metals? I think thats a question worth thinking about...
Pivotaltrader
TRX Long Accumulation (Junior Mining Co)Check out TRX, small junior mining stock that is now in production. I have position and think it could really take off here if financing is put in place and the production results exceed expectations. I see the .618 is very reasonable first target from here. Also have a small position in the 1 jan 21 calls. There are other investors who are buying calls as open interest continues to grow. Gold up here around 1800 an oz and looking to take out the old highs towards 2k positions this stock to really take off if they execute their mining plan. This is a great time to be accumulating a position in my opinion. 2x your money in stock alone at 1.68-2.00 dollar level. Not a bad risk reward here given the catalysts. Long TRX
Tanzanian Gold Corp. to $1.00 Tanzanian Gold Corp. engages in the process of exploring and evaluating its mineral properties. Its main activity is exploring and developing gold properties in Tanzania. The firm projects include Buckreef Gold Mine Re-Development, Itetemia, and Kigosi. The company was founded on July 5, 1990 and is headquartered in Toronto, Canada. engages in the process of exploring and evaluating its mineral properties. Its main activity is exploring and developing gold properties in Tanzania. The firm projects include Buckreef Gold Mine Re-Development, Itetemia, and Kigosi. The company was founded on July 5, 1990 and is headquartered in Toronto, Canada.
Interesting Gold Penny Stock Potential!Hey Traders! I hope your having a wonderful weekend! I seen this stock while doing some research into gold stocks, and this is a penny stock that seems to have a ton of potential. TRX with a Shs Float of 145.02M and a Market Cap of 115.04M! Looking at the weekly chart we can see clearly the structure in its current uptrend , now for the bulls like myself, will want to set an alert at 1.20 that way we know when to get interested and watch for the re-test and momentum to return to give us that confirmation! Watch out for 0.75 level as a break below there would almost certainly destroy the current uptrend structure and would prob force bearish momentum to push us lower, but a lot of it has to also do with the current gold price. That's what I suggest you set an alert so you can check when its the right time. Hope this helped you, if it did, please be sure to LIKE & FOLLOW to show me support and to stay updated on all of my post's! Tyler Out!
TRX - WATCHING FOR MORNING PANIC @ 0.80swill be watching TRX this was a previous winner on the overnight hold it has since gapped up and continued to run will be looking at resistance and support mainly support I am waiting for a breakdown on this one possibly a morning panic will watch to see how this plays out. This finished below high of day but very near it and has broken morning support with a morniing spike then dipped like a cup and I see this shorting very soon.
Will be waiting for this to break support and hit the low 0.80s for an entry near morning panic for a bounce longs get shook out and shorts take profits
