RE:RE:RE:RE:Why Teranga gold so undervaluedTreetop2 wrote:
Sorry 99, I didn't read that particular post of yours. When I see somebody posting several times in a day I tend to skip over most.
You can check my arithmetic if you like: What is 80% of 22,500oz @ $1200/oz?
You are right that this NR has obviously not restored TGZ's lost credibility as yet. If that persists (ie profits improve but credibility remains low), it could create a buying opportunity.
The way I calculate 1875*240*12=5.4m paid to TG by Franco (240 assuming 1200 gold). However I don't care of this now.
I care about them being able to dilute Franco by actually mining more and actually doing what they say they will.
credibility is shot but I still give them credit for actually wiping that debt, so if they actually do 225-230 this year they'll trade inline with peers, cash flow positive moving forward.
I'll review again when full year 2015 guidance is released.