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Teranga Gold Corporation T.TGZ

Teranga Gold Corp is a Canadian-based gold company with assets is production, development, and exploration situated on prospective gold belts across West Africa in Burkina Faso, Cote d'lvoire and Senegal.


TSX:TGZ - Post by User

Bullboard Posts
Comment by 99999goldon Oct 31, 2014 9:06am
132 Views
Post# 23080795

RE:If you believe..

RE:If you believe..
Treetop2 wrote: If you believe that the gold price must go up from here, then you can buy almost any random gold stocks at this point and will do well.  But if you accept that the gold price may go down as well as up, then you should be looking only for the companies that can make a profit with low prices.  Is TGZ one of those exceptional gold companies?  Not looking that way so far.  My point is not to pick on TGZ, but to suggest we should be looking around for the best prospects in a low gold price scenario.  And be ready to switch horses, which some people have a hard time accepting.



That's true, this is a repeat of last year's POG and equity performance where it tanked then the calendar flip and all went higher including TGZ. 
Bullboard Posts