Fundamentals....
I had the opportunity to speak with Trish, investor relations. The GDXJ issue is beyond Teranga's control and affects more companies than just Teranga. the fundamentals are solid and will sustain the growth. Claims on management paying themselves handsomely are ill founded.... see the just released MIC and management compensation table. Although MIC does not show comparison of compensation comparable to similar companies, the compensation is on the low end. Teranga compensation went down with no bonuses in 2015 compared to 2014, due to shift in performance from q4 2015 to q12016. 2016 compensation has an increase but similar amount to 2014, while 2016 performance significantly exceeded from 2015 in terms of cash cost and AISC. Mimran's investment is at much higher levels, eliminating the perception that Mimran is aware of insider information. The only concern might appear that he is listed as an independent director, while he has substantial holdings. To alleviate negative perception, should Mimran recuse himself as independent director? I have no evidence to believe that Mimran is influencing the Board and management considering he is under water. There is a suggestion that cash should be used to buy back shares. The CFO/CEO need to probably explain at the AGM the near term use and generation of cash.... perhas buy shares back at hese cheap prices and then raise funds when actually needed assuming fundamentals will prevail to shoot the stock price (and valuation) in line with peers. I was convinced so continued to hold on for 4 years and will continue to add. I added today at $0.7.. Do your own (objective) due diligence and to those bashers, please explain your logical rationale for negativity rather than the shallow emotional reasons. Good luck to all.