A sad mess of a man with his swindling intentions now clear to see. This one is a three-parter:
1) Post-close on Friday Feb 14th they ran news of “unclassified resources”, a NR that caught the attention of this humble corner of cyberspace.
2) TRX moves up 26% on the week, all on improved volumes (whenever there’s a buyer there’s a seller, so ask yourself who was selling to the retail dumbasses).
3) And then post-close this Friday, we get “Tanzanian Gold Clarifies Disclosure” in which we get the inevitable retraction:
TORONTO, Feb. 21, 2020 (GLOBE NEWSWIRE) — Tanzanian Gold Corporation’s, (TSX:TNX)
(NYSE American:TRX) (the “Company’s”) Board of Directors wishes to
retract in its entirety, as a result of a review by staff of the Ontario
Securities Commission (“OSC”), the disclosure of unclassified resources
included in the Company’s press release of February 14, 2020 (the
“Prior Release”) regarding the Buckreef Project. Unclassified resources
are not a CIM category of mineral resources and such disclosure is
contrary to paragraphs 2.2(a) and 2.3(1)(a) of National Instrument
43-101 Standards of Disclosure for Mineral Projects.