Good news, with no ifs/and/butsGranted, the Brexit results have had an indirect yet positive affect on the price of gold and as a result have given a boost to TGZ share price. No complaints from this investor when news, direct or indirect, is released to investors.
The 2 items shown below are directly related to TGZ’s success and are posted for the sole purpose of underscoring their importance to the Company’s growth.
ITEM #1 In conjunction with the proposed Acquisition of Gryphon Minerals Limited, Teranga is also pleased to announce that Tablo Corporation (David Mimran) its largest shareholder with an approximate 13% ownership (calculated on a non-dilutive basis), intends to exercise its anti-dilution right that will result in an equity placement in Teranga of approximately $9 million, based on the current trading price of a Teranga Share – Said investment/commitment by Tablo, just prior to the end of Q2 2016, IMO, assures investors of an positive Q2 Report; if the Q2 Report was negative Tablo would not be investing at this time – Additionally, the timing of Tablo investment/commitment also speaks of support of and for proposed Acquisition of Gryphon Minerals Limited
ITEM #2 HFTs Lose: IEX Granted Exchange Status As SEC Says The Speed Race Is Over “For those unfamiliar with the IEX story, the exchange says its 350 microsecond delay is just long enough to protect investors from predatory high-speed trading that can front-run the orders of slower investors.” “Having won approval, IEX will effectively become the first HFT-free venue, and will likely attract substantial institutional interest as the risk of being frontrun by HFT parasites is no longer present. Ironically, its competitors had said that IEX' model threatens investor benefits, when the reality was precisely the opposite.”
Brad Katsuyama, CEO of IEX states:
“On behalf of the entire IEX team, I would like to sincerely thank you all for supporting us throughout our application to become an exchange. We are thrilled that the SEC has approved our Exchange Filing which puts us on track to commence a symbol-by-symbol roll-out on August 19th, concluding on September 2nd.”
https://www.zerohedge.com/news/2016-06-18/hfts-lose-iex-granted-exchange-status-sec-says-speed-race-over