TRX Gold Corporation TRX

$TRX
This OK
Put in a strong base at .44 then run to .50 then .70

Financials are out. Production down due to expansion and weather. Still profitable but spending all cash on Cap Improvements
6 to 9 months profits should double to triple with production increase and competition of improvements.

They can now revise derivative contracts which will improve gross profit. In December 2023, the Company entered into a series of gold zero-cost collar contracts for 600 gold ounces per month for a total of 3,000 gold ounces to be settled from January 2024 to May 2024, at a maximum and minimum gold price of $2,150 and $1,850 per gold ounce, respectively. During the three and six months ended February 29, 2024, gold zero-cost collar contracts for a total of 1,200 gold ounces expired unexercised.

$TRX
This always happens
Long time inside holders selling the move to grab cash that was tied up - weak hands - probably Sinclair estate

$TRX
GAU vs TRX note the institutional ownership variance - TRX executives behind the curve selling the company

$TRX weak pikers selling.
Can’t wait for some institutional money to arrive.

$TRX
Volume knows something
Blow out earnings?

$TRX
Earning Next Week? With revenue and earning up this should go higher.

$TRX
Now we need the inside “Pikers” to hold and more institutions to buy.

$TRX
So 2258 OZ - we should be at least tracking higher. For F - sake

$TRX
.40 Wall
The desperate insiders all sell here.
Weeding them out - They will be out soon.
One buy back announcement and we’ll be at 1.50