Replies to post #2602 on Trio Resources Inc (TRII)

[DJknows]

Despite that chambers the good news continues out of our KMAGnificent CEO:

http://www.prnewswire.com/news-releases/trio-resources-develops-exploration-plan-for-stairs-gold-mine-joint-venture-234740271.html


TORONTO, Dec. 6, 2013 /PRNewswire/ -- Trio Resources, Inc. ("Trio" or the "Company") (OTCBB: TRII; www.trioresources.com) is pleased to announce that it has finalized plans with geologist Joerg Kleinbock of JMK Exploration to begin exploration work at the Stairs gold mine. Mr. Kleinbock will bring his many years of experience overseeing large projects to his new role at the historical gold producer, where he will handle all permitting requirements and day-to-day management.

Trio signed the Stairs joint venture agreement in September 2013 with Teck Resources, committing $1.5 million to be spent on the property over a three year period to earn into the Company's stake.

Phase 1 of the surface work, which includes compilation, geophysics and geology, is anticipated to cost approximately $250,000. Phase 1 drilling targets are estimated at 5,000 meters at a cost of over $800,000 including assaying work. Phase 1's administrative budget is estimated at $25,000. With positive results, Phase 2 estimates will be announced for further drilling and analysis.

"Trio Resources remains on track with our strategy to finance exploration work from the cash flows we expect to generate once our new 100 ton mill is installed on our Cobalt property," stated Duncan Reid, CEO of Trio Resources, Inc. "Once the mill is commissioned, we can use it to monetize the large quantities of silver-bearing material on the property. Looking ahead, we plan to outfit the site with a 300 ton mill to further ramp up production and maximize growth."





It's all about what you know, your money and whether you believe...

Very best to you and all with our KMAGnificent TRII!

[museman]

According to precious metals gurus gold and silver is massively shorted on the Comex by the likes of JP Morgan and the other biggies to direct investors towar bonds and equities.
The junior miners get hammered when the metals are in a down trend. Some are looking for gold to bottom at $1000 so this misery is a buying opportunity of a generation.

[DragonBear]

There are certain shorters that short only miners

The scenario suggested is some evil Short decides to Short 1M TRII shares at 02. Let's do the math:

1M shares Shorted at 02. The target price for covering is 002. Potential gain: $20K-$2K = $18K.

Amount required for deposit into your account to meet Margin requirements: $2.5/shr * 1M shares = $2.5M.

OR

One could take their $2.5M and go Long into an oil stock I've been waiting on at $100/sh, yielding 25K shares. TP to sell $135. Potential gain: $35K * 25K = $875K.

So if one had $2.5M to meet the margin requirements for shorting 1M shares of a microcap penny stock, with a potential return of $18K, or go long in a NYSE oil stock with a potential return of $875K, which one would you go with?

Why is it always assumed the whole stock market revolves around microcap penny stocks?

and have been known to pay for promos only to sale nns into it , now this has been seen and stated thruought the oct on jr miners

Here we go with the nns myths again. What has been stated where?

One has Duncan needing to sell over 300M shares while he still can. That's called selling pressure. And surprise the PPS is going down. Therefore the conclusion should be it's some evil Short conspiracy??? Uh huh.