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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
Comment by i8emailon Oct 13, 2016 8:45am
126 Views
Post# 25338462

RE:Teranga Gold Closes Acquisition of Gryphon Minerals

RE:Teranga Gold Closes Acquisition of Gryphon MineralsCould someone explain from experience and knowledge what we should expect from the issue of 10 and 70 MM shares. I understand it will be at a price of $1.03. So, Teranga will hold a float of 472.5 million issued and outstanding common shares. Should we see a request from management at the next meeting for a rollback or it should stand as is? As per my thinking, I do not see a downtrend other than the Gold price. When it will reverse, the stock price should follow. With a high average trading volume it will be a slow move. Does someone as well have the info who are the main holders of TGZ. Another point. Shorts increased from almost none to 5% since mid-June. This is something to watch. Any discussion are welcome.
Bullboard Posts