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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
Post by na9tuon Jun 20, 2016 11:47am
179 Views
Post# 24980111

Well initially the market hates the deal

Well initially the market hates the dealI guess we were all hoping for a ten-bagger buyout, and now the investors are facing "the grim reality", he, he. It turns out these guys are professional miners, they are here for the long haul, and they want to grow. Actually they are very good at what they do, and they must have done their DD very thoroughly. They are branching out into a relatively safe jurisdiction, the project is fully premitted, fairly simple mining as opposed to underground. There is going to be dillution, but that's safer than debt. I am not thrilled, but I trust the management. 

The share price is down because Gold is down and because of the dillution. But Teranga will be bigger and will have 2 mines. Now we need to be patient, which is hard, after so many years of drought in the Gold sector.
Bullboard Posts