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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 martin111on Nov 30, 2017 10:24pm
294 Views
Post# 27069216

RE:Calling the bottom

RE:Calling the bottomI own $400K @ avg 3.11 and thought I was a contrarian investor buying at the bottom but didn’t catch it. I’m comfortable with my position and don’t post that often. It can be frustrating to observe the market not pricing this stock for what it’s worth but since I’m not short sighted and look two years minimum in an advance it doesn’t bother me. Banfora may have a lower IRR than the market anticipated but this will be revised up with the existing resources and the exploration of 12 surrounding deposits and I believe this is they key rational to build it. Contrary to frustrated shareholders I think this is very well run company where management  doesn’t focus on short term gain but long term growth. (They were not forced to build Banfora and could taken their huge cash reserves somewhere else to invest in a sector trading at a discount) Majors looking for ounces will swallow up this company eventually. For day traders or momentum investors I suggest looking at investing in a different company, for the long term investors park you money in Teranga and pick up a double or more from these prices when the gold sector turns. I’m guessing this could happen sooner than later when over inflated broader markets corrects and the herd jumps back into safe haven assets again. History always repeats itself, timing the top or bottom is the harder part.  
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