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Trading Update: Tanzanian Royalty Exploration,TRX collapsing

|Includes:Tanzanian Royalty Exploration Corp. (TRX)

The stock broke the key $5.70 level on relatively light volume.  $5.70 is a key level as it was price the underwriter paid in the recent offering.  Recent purchasers are now significantly underwater.  The next key level is the $5.30s which is my estimate of the entry price for the largest shareholder, Geier International Strategies Fund managed by Mr. Gibson.  Look for the downward trend to continue and accelerate if the stock breaks below $5.30

Stocks: TRX