RE:Hello to the new crop of optimistsTreetop2 wrote: Coming back to this board after a while, I see there is a new crop of blind optimists here that see everything as positive and appear to ignore the history and record of this company.
People are talking up the Mimram investment like it's something great. In fact, it is final proof that this company, after all its supposed growth, acquisition, optimization bla bla.. CANNOT EVEN MAKE ENOUGH MONEY TO KEEP ABOVE WATER. And they have been exploring over a wide area for many years with almost nothing to show for it. If they were really profitable, they should be making acquisitions, buying back shares or paying a dividend. Instead they are back to square one, looking for a capital injection to stay in business. Why didn't they just let Mimram buy chunks of shares on the open market (which would have been great for the share price)? Because TGZ needed a new sugar daddy (unintentional pun!), having signed away all their profits in the earlier deal with Franco Nevada.
Good luck and happy holidays
So, you are basically saying that Mimran is just throwing their money away at this P#S ???. Hmmmm, now why would they do that. Do they suddenly feel that they have a lot more money than they need and should be passing it around ?? Hahaha. Your post proves your dimwit.
Re: the Franco Nevada deal. Would you like to throw some light on what you know about it. Like you say, that these guys signed away all their profits to Franco Nevada. Last time I checked the streaming agreement was for 22,500 oz per year. That deal made TGZ debt free.
Now, Mimran paid 58 cents per share originally and bought a few more at 54 cents as per latest filing. So, they are underwater as per current price. Which tells me that they are loading up even more. We will find that in the new year. I know an accumulation/consolidation pattern when I see one and that is what is going on here. IMO, TGZ will be taken private by Mimran and sold to a major. It is going to happen in 2016. Watch it !!