RE:Back up the Truck!Why TGZ is sucking wind is beyond me. Tax selling? Ok, Banfora only has a 15% IRR but it isn't all that bad, especially at such a low stock price. This company is turning into a nice mid-tier gold producer.
See the following presentation:
https://seekingalpha.com/article/4128141-teranga-gold-tgcdf-presents-121-mining-investment-london-spring-2017-conference-slideshow
What's new and interesting is that they have a signed mandate for a $150m project finance debt facility for Banfora. With current and expected cash flow, they wouldn't need further funding or issue new equity. If they can do it without streaming or other kickers, it would be great.
Already have a relatively large position (for me) and picked up more recently, but at this price may pick up more.