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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

Comment by spiderhabon May 18, 2017 8:23pm
267 Views
Post# 26262341

RE:RE:RE:RE:RE:Not really that many shares left to be sold

RE:RE:RE:RE:RE:Not really that many shares left to be soldI did the same analysis and agree. TGZ represents a small portion dollar wise of the overall GDXJ portfolio. They previously only owned approx 10% and it's not until you hit 20% that you run into takeover laws and then life gets complicated. Overall they would have lost a small % relative to selling other stocks as heavily today.

Market panic hit in today as well and probably some stop lossess too.

This is a premier value play right now...the P/E is looking fantastic at these levels relative to sooo many other stocks in this sector. I sold a few stocks today that I'm sure will be a double+ in a years time to get back in again as TGZ fits this same profile and maybe sooner.

If it goes down more I'm buying more - unless gold crashes below $1100 - and it won't - it would be illogical to do otherwise.

GLTALT
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