Globe $500 million mine with a $315 million market cap.
I know TGZ is not alone with these crazy valuations, but bodes well for the future.
I still see accumulation, strong open, then they cap the price so it doesn't run away.
Teranga Gold Corp
Symbol C : TGZ
Shares Issued 316,801,091
Close 2014-02-03 C$ 0.95
Recent Sedar Documents
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Globe says Teranga Gold bullish on West Africa
2014-02-04 07:56 ET - In the News
The Globe and Mail reports in its Tuesday edition former Quebec premier Jean Charest is increasingly bullish on African business, attending investment conferences in Abidjan and Cape Town over the past few days. The Globe's Geoffrey York writes some investors might be less keen on the risky African frontier, especially after a gloomy year globally for the mining industry in 2013, and the launch of a damaging strike by 70,000 platinum workers in South Africa last month. The platinum strike continued on Monday as investors gathered for the Mining Indaba, the biggest annual African mining conference. Mr. Charest, acting as a McCarthy Tetrault partner, and others, were looking beyond the labour unrest and seeing huge potential across the continent. "Africa is perceived as a continent with a lot of opportunities, and it's opening up," he told The Globe on the sidelines of the Mining Indaba in Cape Town. West Africa, rather than strike-plagued South Africa, is the favourite target for Canadian miners. Investor interest is growing. Countries such as Senegal are "completely untapped," said Andrew Bradbury at Teranga Gold, which owns a $500-million mine in Senegal -- the only modern gold mine in the country.
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