GREY:OLEPF - Post by User
Post by
tony1969on Jun 16, 2012 10:45am
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Post# 20021449
Teranga/capital raise...
Teranga/capital raise...Hey caliche. I agree that the action in Tgz is suspicious to say the least. It could easily be a capital raise but if it is for lets say $200 million or so it will also come with more news. A company with a now less than $500 million market cap cannot just say that it is for future m&a. Plus they just upgraded their mill so it is not for that either. They would need to be specific to satisfy their shareholders. I noticed that Tgz had been going down even before yesterday. Next week should be interesting.>