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Teranga Gold Corporation T.TGZ

Teranga Gold Corp is a Canadian-based gold company with assets is production, development, and exploration situated on prospective gold belts across West Africa in Burkina Faso, Cote d'lvoire and Senegal.


TSX:TGZ - Post by User

Bullboard Posts
Post by ElephantHunter1on Feb 08, 2013 7:47am
197 Views
Post# 20956741

Over reacting!

Over reacting!

Amazing how emotions can blur reality. Godfather, there are a couple of realities here. TGZ has a bankable mine, OLE doesn't. Financing for new gold in Africa is non-existent and will probably stay that way for the next couple of years until economics and politics play out.

So what if TGZ production is forecast to be marginally down, they have production at a reasonable cost and will continue to do so for many years to come. As Tree said, OLE is living on borrowed time and money and TGZ will make another offer if and when management deem it to be necessary. They are a bunch of smart guys. Please don't worry about TGZ and focus your frustrations on OLE management. I'm guessing that before to long, the OJVG will force Chets hand. Typically it is better to have holdings in the buyee rather than the buyer in an M&A but in this case I'm afraid my OLE shares are at risk.

Bullboard Posts