hughsie1 Jan 2011 15:24
thank you for your kind words-as a large investor in txr yes i would like to envisage others taking a similar interest -through their own research?, but im hardly an endorsement for the company or any other imo. there are limits to my knowledge and understanding of certain matters which im still striving to absorb and learn. i certainly dont see others buying into something i am a holder of due to my so called rep.
there are so many more sensible investors here and elsewhere hughsie who stay silent, follow, observe, but dont share much info/research. imo txr should be at least on par with kenmare 30+p but the past year has delayed the progress we were expecting even then, thus we are imo running around 12 months behind schedule of what was initially expected in 2010.
the recent 12 months rns explain just some of the issues, gosl unwarranted claim on the loan (imo), fire on the dredge etc, although the positives with wayne back(baptism by fire), and pala joining, full review diligently working on every aspect of the company-yes 2011-should be an important year for txr-even if it takes a few months to show the fruits.
one of the problems txr has had also has been communication to us the shareholders, regular rns. part of this moan is valid, but in defence of txr, comparing them to say herencia, they are 2 entirely seperate animals. although both are after minerals- herencia is transitioning from prospector to junior miner, thus plenty of rns for herencia as many other matters need to be announced to shareholders promptly and on so many issues- technically one could say herencia or a company of similar nature within aim carries more risk as an explorer (her obv derisked etc compared to most/feaso etc), the dangers would normally be higher within swot, but the rewards can be more substantial weighted within the risk-ie this past year 2010 near to 700%.(her)
as i said in defence of txr, already being a working long term mining operation in a difficult location for comms. we cant expect the same newsflow as herencia, they (txr) already mine, whats there to tell us? accounts/interims/ the usual, mainly productivity? improvements? efficiency drives. how they are spending the millions from the insurance has been a bug bear of many small pi's though, oh and the fire on a dredge-(pre wayne and pala in defence) mite as well be open hughsie, that narked me- but after speaking to mr wayne malouf in aug/sep i was impressed and reassured and stayed the course-even adding to my investment here as i can still see the awesome potential txr has to offer. i have been trying to do a photobucket presentation of txr, but it is more difficult than herencia due to the lack of mapping quality from google earth- splitting the old junk scanning with just bits of quality-probaly due to location and populus, where in the world? etc.
( a muse)