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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 bustarhymeson Oct 24, 2016 7:18pm
383 Views
Post# 25380347

TGZ is the Worst Performing Stock in The Gold Miner Space

TGZ is the Worst Performing Stock in The Gold Miner SpaceSomething is definitely wrong with this company. The Q3 report looks like it has a nasty surprise which is already known to insiders. Heavy Volume selling on any up days and low volume buying on down days proves that insiders are bailing out. This is headed to sub 1.00 and eventually test its 52 week low of 38 cents by the end of this year. Company keeps on diluting shareholders with little value to show for it. Management has very low credibility due to past blunders. No wonder this is falling precipitously and never quite got the boost that the rest of the gold miners did this year.  I completely sold out of it after the Gryphon deal was announced and very pleased with my timing as I sold in the high 1.20s range. Moved my position to EDV which is going up very nicely and looks like a 10 bagger from its price last year.  Get out ot this stock. This is a very poorly managed company with mediocre assets and a high AISC. Much better opportunities elsewhere in gold mining space. For all those who tout this as undervalued, I will say that this is a value trap which will slowly bleed you of all your capital. 

Bullboard Posts