RE:RE:RE:RE:Teranga reported highest quarterly output. Not too worried about a premature bid. We have the protection of major shareholders La Mancha and Tablo who, I'm sure, wouldn't sell out on the cheap..They know exactly what EDV is worth.
One thing to note: on the last call management were asked whether they intended to push beyond the 1.5Moz production level and they were a bit negative on that. I think they're looking more to dispose of less attractive mines (e.g. Agbaou & Karma) with better, more attractive projects (e.g. Fetekro & Kalana).
Lots of optionality in the licence/project portfolio, so we'll see, but don't expect a push beyond 1.5Moz in the near term.
Lots of work to do, optimising the newly acquired mines and prioritising/progressing poetntisal projects and explo. opportunities.
We should get news on an updated FS for Fetekro this quarter. I expect that will reveal a 200koz p.a. project.