Teranga Gold Corporation T.TGZ

potential takeover dealings of ore by tgz?

[mrsly0]

anyone heard anything about any dealings between teranga and orezone?
good luck

[mercedesman]

NO...but I'd love to see TGZ takeover ORE.   It's a an advanced/late stage project (Bombore) with great ROI, that could be ready for pouring in 2021.   But again will require an investment to bring it into production.  Whoever owns it should be able to finance the project on their own (via banks).  My gut is Orezone would prefer to be taken out  (will

[ruffus23]

sounds like orezone may actually be a much larger deposit. See discussion at ceo.ca. https://ceo.ca/ore

[Roro1]

ORE is down 30 per cent over the last couple of months, while all gold stocks are flourishing. I don't know much about ORE, but it looks like ORE needs lots of financing  and is in a potentially dangerous area. Seems high risk - and TGZ should stay away. What am I missing here?  

[mercedesman]

what you're missing : 1. Orezone does need to finance the buildout ( just like most gold mines do) but the economics of the mine are so good it's likely doable on their own...although it's likely someone will swallow them first   2. It is NOT in a dangerous area (near nations capital, near a military base, 100's of Kms from recent problems in the East.). Do some basic and

[ruffus23]

and insider buying through the Ying Yang this last year.

[matt2018]

more violence today in Burkina Faso. 14 killed in a church The gov't is trying to protect gold industry (10% of GDP), but difficult to get a handle on these extremists.  They need to beef up military and keep investing in it till its overkill. quote from a recent article I read: " Burkina Faso was once a pocket of calm in the region, but the past year's violence has killed

[mercedesman]

Pre-tax NPV5% of $513.5M and IRR(1) of 61.9% with a 1.5-year payback After-tax NPV5% of $361.0M and IRR(1) of 43.8% with a 2.5-year payback Mine life of 13+ years with life-of-mine (“LOM”) gold production of 1.6M ounces and average annual production of 133.8k ounces in the first 10 years Initial project construction costs estimated at $153.0M  First gold

[matt2018]

Thanks Mercedesman.....great metrics, thats for sure. Others who are already operating in the country may kick the tires at it but I believe for the time being most will stand pat and see how this wave of violence plays out. I realize asset is in adifferent part of country but you cant rule out the reach of these killers. Something going on with TGZ at moment, no idea what it could be. That gold

[ruffus23]

orezone may be announcing financing shortly. Supposed to be end of the year but could be delayed a bit. Payback time is impressive.

[matt2018]

I notice Orezone up quite a bit today on some pretty good volume. Who knows, maybe something is in the works?