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.