Yeah, an analyst likes it but.... The only problem with the below is the assumption that a sale will lead to a significant increase. All shareholders will likely get imo is a slight increase and then another LONG waiting period for the next buyer (if there is any) to actually develop the project! Very frustrating for the average shareholder that doesn't receive a salary, consulting fees, options etc. etc.
Kwantes refreshes Terraco Gold buy
2017-03-31 21:22 ET - In the News
James Kwantes, in the March 22, 2017, edition of Resource Opportunities, refreshes his buy of Terraco Gold Corp., recently 14 cents. Terraco is a former sponsor of the newsletter. A previous editor of the newsletter, Lawrence Roulston, said buy Terraco on Dec. 29, 2006, at 37 cents and on Nov. 9, 2007, at 54 cents, and then said sell on Dec. 5, 2008, at four cents. A $1,000 investment for each of the two buys, sold at four cents, would yield a loss of $1,848. Mr. Kwantes then said buy Terraco on June 21, 2016, at 13 cents, and on Jan. 19, 2017, at 13.5 cents. A $1,000 investment for each of those two buys is now worth $2,113. Terraco owns royalties on the Spring Valley gold deposit in Nevada, owned by Waterton, a private equity firm. Waterton bought the project from Barrick Gold. Mr. Kwantes expects that Spring Valley will be sold again at some point, which should benefit Terraco's shareholders. He notes that Terraco's insiders have been buying recently. Todd Hilditch (chief executive officer), Zahir Dhanani (a director) and Charles Sulfrian (vice-president of exploration, and a former Barrick employee) have all been buying shares in the 14- to 16-cent range. Mr. Kwantes has an optimistic outlook on Terraco.