HIGH BETA/RISK GREAT DISAPPOINTMENT First, Tembo, as it was presented, was suppose to be a Excellent Stock, promoted as the Buly Extension, African Barrick had to buy. This was the same story when it was Lakota. Has or Had Potential, since there were a number of illegal miners on the property finding Gold.
YET TEMBO, with its Board and MGMT and some Key Shareholders have been a very Great Disappointment. Do I think ther eis something there perhaps?? But?????????
TEMBO, along with many other Juniors and etc., is HIGH BETA STOCK/ HIGH RISK and shouldbe AVOIDED. If you own it, perhaps take your losses now, or you can wait for Tax loss selling and etc.
When the MKTS Fall, they will, it will be a very steep drop, and there will be no Liquidty, ALL SELLERS and no buyers. At 4 or 5 cents - Tembo really has not much more to drop, in a steep MKT decline Tembo could go NO BID along with many other stocks.
Good Luck to ALL.
All the above in my humble opinion and based on Financial MKTS, state of the Commodities MKTS, and some one who owned Lakota and took TEMBO shares and bought more TEM and sold out. But, I keep watch, right MGMT team could bring this back to life, but you need to do a lot of house cleaning and get rid of some of the Key share holders, weak hands, my opinion.