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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 Feb 23, 2015 11:13pm
133 Views
Post# 23457656

RE:LOL - Romarco Minerals

RE:LOL - Romarco Minerals

99999gold wrote: Any of you looked at the valuation of Romarco Minerals? what the f u c k - talk about diluting your shareholders 1.2 billion outstanding and NPV 5% discount at 1550 gold is 774m (pre tax), guess what the market cap is right now? 

$700m

Here's the kicker, NPV 5% discount at 1250 gold is 419m (pre tax), what's the gold price right now? Post tax these numbers gets worse.

They just did a bought deal, guess how many underwriters were on it? 

10

why 10? because no one wants to hold the entire bag of s h i t so they needed 10, instead of your typical 2 or 3 underwriters on bought deals.

And they just ding their shareholders for another 200m in debt. 

I wanna punch someone in the face tonight, LOL 







When they get to production the first 4 years = 155k/annum

Again, market cap is 700m

gold price: 1200

da f u c k



 

Bullboard Posts