Oromin Explorations Ltd OLEPF

Thanks Tree... from the TGZ board....

[tony1969]

We need TGZ's share price to rise at it will give OLE more value and eventually enable them to merge or buy OLE. TGZ is projected to make .40 per share in earnings this year before their hedge is eliminated.  I believe they can do about .55 this year once it is by June. On the conference call they mentioned that they were trading at a PE of 4.  It should still be 4 once they get the price to $2.00 per share.  TGZ is really cheap here and its rise will benefit OLE in many ways.  I can easily see them going way over $2.00 this year. It will bring value to the region and it will make it much less expensive for them if and when they make a deal with OLE.

Teranga Gold Corp Given Sector Perform Rating at CIBC (TGZ)

Posted by Zach Kirkland on Feb 21st, 2013

CIBC reissued their sector perform rating on shares of Teranga Gold Corp (TSE: TGZ) in a research report released on Thursday morning. CIBC currently has a $2.50 price target on the stock.

Several other analysts have also recently commented on the stock. Analysts at Scotiabank cut their price target on shares of Teranga Gold Corp from $3.00 to $2.50 in a research note to investors on Friday, February 1st. They now have a sector perform rating on the stock. Analysts at RBC Capital cut their price target on shares of Teranga Gold Corp from $3.50 to $3.00 in a research note to investors on Wednesday, January 30th. They now have an outperform rating on the stock.

Teranga Gold Corp traded up 14.62% on Thursday, hitting $1.49. Teranga Gold Corp has a 52-week low of $1.27 and a 52-week high of $2.68. The stock’s 50-day moving average is currently $2.05.

Teranga Gold Corporation (Teranga) is a Canada-based gold company, which was created to acquire the Sabodala gold mine and a large regional exploration land package, located in Senegal, West Africa, from Mineral Deposits Limited (MDL).

Read more at https://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&m=32218995&l=0&r=0&s=TGZ&t=LIST#WgI2Z8dCHHtiI2Xz.99

[Capharnaum]

TGZ's valuation will continue to be poor as long as they don't significantly extend the LOM. Since they failed to do that last year spending $50M, they are being punished. If they can't add a significant ressource base, then their production will lower again next year and costs will rise. Their mill only has value if they can have ore to process.

[tony1969]

Cap, that is an excellent point about the mine life of TGZ. Investors want to see resources and an extended mine life. I know that they can find new gold but that is never a guarantee.  Look what they just went through.  They cannot afford to do that again. This is why they are probably just spending $20 million this year on exploration as opposed to the $46 million last year. With OLE