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Re: kzetmeir post# 7103

Wednesday, 02/02/2011 8:27:16 AM

Wednesday, February 02, 2011 8:27:16 AM

Post# of 7631
Karl, thanks for the news.

Those of us who have owned TRGD for an aeon have much to be ungrateful for, but I am delighted to hear that some progress appears to be underway for TARM.

At this point, however, I would like to make the point that the established trend has been for management to overpromise and undeliver. Hopefully the trend will change, but we have yet to see proof that the slope of the "promise vs. deliver" chart has changed.

That said, it seems that any Yamana involvement should help TARM over time, though TRGD shares have not been converted to TARM shares yet. According to the agreement Yamana can own up to about 20%, so when TARM issues new TARM shares to TRGD shareholders, Yamana will probably have the right to increase their ownership at that point. Maybe that's what the additional $3million investment in a few months is referring to.

Best Regards,
'peeker

Focus Focus Focus Focus !!!!

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