TRX Gold Corporation TRX

$TRX
Still thinking TRX is an Acquisition target.
Fits well into a big miner portfolio.

$TRX
Management needs to refresh their gold purchase agreements/ contracts and lock in more profits.

$TRX
No reason to sell unless you are a “Piker” legacy holder from the Sinclair blue sky days.
Holding until 5 or 7 !!!

$TRX
Decent volume…

$TRX
About time…

$TRX Equity Growth Plan

1. Self-fund Buckreef expansion wherever practical.✅
2. Avoid unnecessary equity dilution.✅
3. Authorize a standing share repurchase program, activated when the stock trades at a meaningful discount to estimated intrinsic value.🚀🚀🚀
4. Introduce a modest, sustainable quarterly dividend once expansion milestones and cash flow targets are consistently achieved.🚀🚀🚀
5. Implement a performance-based employee equity program, with buybacks used over time to offset dilution.🚀🚀🚀

$TRX

CEO - On dividends and buybacks, Mullowney said reinvesting cash into Buckreef offers more value at this stage because the company believes it can materially increase EBITDA without raising capital. He said a share buyback is one potential tool to address market conditions, but did not announce a plan.

$TRX
They need to announce plans for a dividend or buy back. Also slow down the CapEx. They are pouring gold and printing money now

Just poor equity/ share holder management here.

CEO and CFO should step in and buy a few million shares as a confidence defense. Others will follow

$TRX
Good numbers

Q3 1,833 tpd vs 1,461 tpd (+25%)

• Gold recovery improved from 67% to 84.6%
• Production increased 58% year-over-year
• 21,476 oz year-to-date, keeping the company on pace for 25,000–30,000 oz annually.
  So - whats the EPS ? On target ? Beat?

TRX - keep it real - no more games