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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 akm3736on Oct 14, 2015 1:47pm
222 Views
Post# 24190842

RE:RE:PP

RE:RE:PP
That's a short sighted view if the sp goes up with this news. Some questions to ponder; 1) TGZ has maintained that its cash flow is positive and growing and is enough to cover additional investments in explorations, why does it need this cash now? (2) Why now; the timing is awful as the price is in the low valuation end? What goes? Something fishy? They have sold out cheap; and new investor thinks Management has financial discipline? I am long and currently at breakeven. This is dilution with decreasing valuation as cash sits without producing returns. Maybe one of Chairman's buddies getting a good deal?
Bullboard Posts