RE:RE:RE:New Board Member - possibility of M&A?blitzer2 wrote: ds760 - I don't think we need any buyouts/mergers whatever of TGM until sometime after they
have poured their first gold.
Cheap? Yes tell me about it and let's get real, I have been around with this stock long enough
to see the SP go to $1 plus twice. Granted it was back in the days of higher gold prices but, it
was also when Riverstone (as it was called then) were still in the very early days of exploration
and without any sign of a mine in development.
Burkina Faso was also then a very unsettled country still being run by an extremely unpopular president at that time. Now, since the recent peaceful and successful elections
resulting in the country’s first new leader in decades, which has been characterised as 'the
dawn of a new era', the West African nation is back on a democratic footing.
Meanwhile, the TGM management team, engineers and staff on site have worked tirelessly throughout, and are now not too far away from completing their first mine on budget and on
schedule. The Karma mine which is fully funded, is in full construction with over 1,100 staff
and contractors on site, and is on track for the first gold pour by the end of this Q1.
In my opinion, it's all been one heck of an achievement after all what happened last year.
Karma now hosts a target-rich landscape with the essential hallmarks of a multi-deposit
environment. The property consists of six contiguous exploration permits (Goulagou, Rambo,
Kao, Rounga, Youba, and Tougou) totaling over 856 sq. km in size. Mining has already
commenced at the Goulagou II (GGII) deposit which is the first of the six deposits that will be
mined over an 11.5 year period.
And in addition to all that, TGM just happens to own a 100% interest in the Liguidi Project,
which is located 125 kilometres southeast of the capital city of Ouagadougou and consists
of a huge single exploration permit totalling an area 168 square kilometres. They completed
an initial RC drilling program back in 2013, before they concentrated fully back on Karma, that returned encouraging results, with mineralization intersected in 23 of 24 holes.
Again in my opinion, Liguidi down the road, wil be just more icing on the big Karma cake.
blitzer2, at those times when this stock went over $1, do you remember how many shares were outstanding then? meaning, what was the market cap og TGM at those times? Looking at the share price only ($1, $0.25, $0.45...) does not tell you the value which the market gives to a company.
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Right now, the market is valueing TGM at $100M even though the share price seems low ($0.25)..... What should the market cap of TGM be when gold bars are produced and what about all the streaming deals that TGM has to fulfill?
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