RE:RE:Quick profits aren’t always best; patience paysHi chopperzombie
Sorry about the delayed response
Excerpt from your post: “I couldn't find anything on TGZ”
Excerpt from my post: “
TGZ shown in various charts presented in Gold M&A 2017 article.”
Excerpt from your post: “If we were to get bought out who do u think would buy and what is a fair price?”
Randgold Resources has been mentioned here, (most recent by GoldPanda1) Endeavour Mining is another company offered as a possibility and if you were to spend a small amount of time I believe you would find a few more companies that might be interested in TGZ. However, IMO, it’s quite possible, perhaps probable that we investors will not see an offer for an M&A in the near future, (present time to end of Q2).
My reasoning for the above conclusion:
1 - Outside companies, including those mentioned above, are in the dark, (just like us, the shareholders) regarding the recent exploration/drilling at and near the Sabodala Gold Mine, Senegal; according to TGZ news release – Will TGZ announce increase of Reserves and/or Resources?
- Teranga Gold Third Quarter 2016 Exploration Update (October 28, 2016) - Initial resource estimations were completed for three new deposits during the third quarter 2016.
- Teranga Gold Third Quarter 2016 Exploration Update (October 28, 2016) - The two most advanced exploration prospects on the Mine Lease, Goumbati West and Golouma North, continue to yield encouraging results from the ongoing 2016 exploration program subsequent to completion of the initial resource estimation. Further drilling is planned to continue throughout the fourth quarter of 2016.
Teranga Gold Fourth Quarter 2016 Exploration Update (January 29, 2017) - In the first half 2017, results from the fourth quarter 2016 program (Table 1), and ongoing drilling in first quarter 2017, will be used to upgrade the initial mineral resource estimate.
2 – TGZ has announced success with drilling/exploration at Banfora Gold Project, Burkina Faso (see various releases on TGZ website) - Preparation of the feasibility study has progressed during the fourth quarter with a focus towards the delivery of a resource and reserve estimate.
Items 1 & 2 above tell this investor that TGZ’s proposed filing of the Banfora Feasibility Study may very well contain an increase of Reserves and/or Resources. Items 1&2 also suggest the announcement of an increase of Resources, (Reserves too?) for Sabodala and its out-lying prospects. What the preceding means is that; present information held by possible buyers is outdated – Would a prospective buyer risk being humiliated and laughed at by TGZ management and shareholders, due to a ridiculously low offer (based on outdated information) and then be presented with positive results of drilling/exploration activities that have increased Reserve/Resource assets? The alternative; make an offer that contains an amount covering possible increase in Reserve/Resource assets. But, how much added to offer? Too much added; then they will face their own shareholders wrath. What to do? What to do? Wait and see?
JMT