Welcome To The Tanzanian Royalty Exploration HUB On AGORACOM

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Message: hey gil...

Please clarify your remarks.

"Don't you find it odd that with all this news that is supposed to be so good, the stock is dropping?"

What specific news are you talking about?

"Typically, markets are foward looking and always sell the future but here there is absolutely no excitement about the Agm. That is because the stock bulled to 9 and then collapsed 80% and now the market players are leery and are demanding to see the profits. Nothing more."

The stock has tripled since the last annual meeting. A pullback after a big run up to digest those gains is normal.

Profits? this is an exploration company that is striving to become a royalty/ producing company in the next 18 to 24 months. Exploration companies don't make money until they start producing or begin receiving royalty income from their properties. If you are looking for profits you are 1-2 years away.

"From a strict technical analysis point of view it looks like TRE is going back down to 6.5. Today it is collapsing as expected. This is not very good PR after an Agm."

The stock rose from 5.95 to 7.26 in three weeks going into the annual meeting. That's one hell of a nice move. Technically this can go all the way back to 5.95 and nothing would be wrong.

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