Teranga Gold Corporation T.TGZ

from the CC....

[kkkrrr]

Sabodala is going to be a key component of our company's organic growth, as it will help fund both Banfora and future projects beyond that. So we're very pleased with our flagship operation. As we've indicated, the goal was to complete a feasibility study for Banfora and move that into construction, and we've done that. And we expect the Banfora numbers to improve with the completion of this infill drill program. And we expect once we announce the updated reserve numbers by mid-next year, the IRR is going to improve materially. And it's only getting started, as we've got a number of targets around the proposed process plant that we'll be evaluating.

On the exploration front, things have moved forward even quicker than we had ever anticipated. We acquired Gryphon Minerals. We like the Golden Hill property. It is better than we ever expected. We gained access to that property in Q4 of last year. We started drilling in Q1 and we've now increased the spend twice through the course of this year. We will have another update in the coming weeks. And again, we continue to get high-grade, near-surface results. It's going to be a multi-pit type of operation. And we expect to have maiden resources on a number of those deposits next year. So we're really thrilled at how quickly that's moving forward. We do believe there's an opportunity for that to be our third mine, and potentially take us to half a million ounces.

[Sawzandmo]

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[ruffus23]

i think people are waiting for meaningful insider buying before they jump back on the tgz wagon.      

[ganndolph]

ruffus23, The technical setup on the Teranga chart is as follows.  It has been a 3 gap play where two gaps have already been filled.  There is a third gap at $1.80 USD that wants to get filled, and there is a high volume low at the bottom of the trading range that could get tested, and in all probability, will get tested. The bullish scenario is the stock gets to $1.80 and refuses to go

[ruffus23]

thanks gandolph. Agree price is grest for entering but just concerning with lack of insider buying. With tax loss season upon us, isn't tgz a prime candidate this year? That said I am no expert in tax loss

[tsoprano1]

Ruffus, I am expecting some tax loss selling and will be a buyer. As to insiders, the big guy can't buy anymore without shareholder approval. However, that doesn't stop management from buying. Unless, of course, they are in talks or there's some important info that hasn't been disseminated. Between this company and NSU, Nevsun, I will have my loose change spoken for in next few

[Sawzandmo]

This post has been removed in accordance with Community Policy

[ruffus23]

against my better judgment I jumped back in this morning. Hopefully 2.50 is bottom

[BUHOMAIDMAN]

I think your judgement is very accurate sir.   If investors here are quite willing to keep selling at a loss that is their prerogative, but I have been buying at discounted share prices  and until the gravy train is over will continue to do so.