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Non-Tech : The Woodshed

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To: Wade who wrote (60595)8/22/2023 10:26:00 PM
From: Wade  Read Replies (2) of 60899
 
I have owned and traded TRX for many years while trying to figure out if it really could becoming a profitable miner. Things started turning quite positively in 2022, when they upgrade 300 tpd ball mill, which was a laughing matter by some analysts, into 1000 tpd capability in 2023, and going for 2000 tpd at Q1 2024. All of these equipments were funded by internal cash flow. The original capex was estimated at ~$73 million by consultant in 2018 but the company achieved that with only ~$13 million by ordering the eq from China and installed by the locals.

To me they progress in 2023 is remarkable and could become an eye opener in 2024. Especially if POG corporated. I like miners show fast growth profile in conjunction with rising POG that would be the best combination to achieve the most desirable double CANSLIM.

This short video tells how they are operating into 2024.

youtube.com

There are lots of valuable updates from their presentation and videos:

trxgold.com

Have fun but be careful anyway.

The latest presentation:

s28.q4cdn.com
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