Teranga Gold Corporation T.TGZ

..basically everyone involved in the placement raises target

[MatthewZy]

Rhetorical question: Why is it the sell side guys involved in the placement raise their targets?  Still waiting to hear from the others..  

Press release:

"Teranga Gold closes $140-million bought deal offering

..The offering was led by Cormark Securities Inc. and Canaccord Genuity Corp. and included Eight Capital, BMO Nesbitt Burns Inc., CIBC World Markets Inc., National Bank Financial Inc. and Scotia Capital Inc."

[BobMabena]

Matthew, I bought this great car,  it cost me 51000,  it's really worth 130,000,  I even put that in Auto Trader.  I tell you what,  you are a nice guy,  how about I let you take it off my hands for say 61000? Deal?

[MatthewZy]

It was a rhetorical question.  I have worked for sell side firms and its a thin wall between banking and research.    Now when are BMO, CIBC, National and BNS raising their targets? ;)  On a related note, I like TGZ but I'm wondering how 27.5M shares bought at 5.10 are going to impact the price. 

[mercedesman]

I know the last statement (?)  is probably rhetorical again...but... it will eventually create an overhang that after the newbies get in due to all the upward price target adjustments, will likely tilt the buy sell equation for awhile (not in a good way).   Until the impact of all the good news in coming quarters (years), relating to top line growth, non hedged gold price increases