Winter in the Great White North Message Board

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Strategies & Market Trends : Winter in the Great White North

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To: marcos who wrote (7566)	1/11/2010 12:28:14 AM
From: Breccia	Read Replies (2) of 8273

trx.v - those preferred will get converted to common now [maybe - if that's necessary or desirable], it was either Goldcorp took project equity or equity in Terrane, they've chosen the latter ... so in one way it's a mark of endorsement, at the same time it seems to remove hope of them taking over trx and the project entirely, at least for now, and i think part of the trx shareprice six weeks ago was based on that hope ... still, this is a mine with very strong numbers, lots of room for upside as various bits of iffiness get ironed out ... i have no idea of when, or even if it's bottomed yet [give that 65/35 say], but eventually way north, and it feels good to be holding a bit again IMO Goldcorp's actions are a very firm rejection of the project..considering that they thought their $$ was better deployed in the 2 other hi cost deals they did in past 2 weeks..huge deals.....trx has been cut to drift...IMO no matter how much contained metal, grade is too low..GRADE is ALWAYS KING.

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