Post by
ruffus23 on Apr 20, 2017 3:25pm
What to do with $100 million?
Tgz has huge opportunity to be creative with their cash. They raised $60 million at $1.05 and couldb buy a bunch of shares back in the .70 area or take someone over at these discounted prices. Huge opportunity!!!
Comment by
auburn2 on Apr 20, 2017 5:40pm
They won't buy back shares. If they buy someone they're going to need even more capital, and they're already in a tight place in terms of timely bringing Banfora into production. But the cash position nourishes excellent sleep even if you have a rather outsized TGZ position.
Comment by
ruffus23 on Apr 20, 2017 10:04pm
Don't figure they will do share buyback but does change dynamics of what can happen. Cash is King for these next few weeks. Looks like flood of news coming from region in coming weeks. Lots of companies due to be releasing updated reserves and drill results.