Teranga Gold Corporation T.TGZ

From Peter G. Today

[JEN9]

• I feel the proposed 5 for 1 rollback in Teranga Gold is a necessary evil. With close to 550 million shares outstanding, and trading under $1, the stock can’t attract the institutional interest a company doing as well as they’re because it’s considered a “penny stock”. It will be IMHO, far easier to go from $4 to $8 than from $.80 to $1.60, because after the rollback, there will likely be less than 70 million shares in the float (thanks to the major shareholder is a very unlikely seller). The CEO recently spoke here. I hold all my shares and also the same for Nevsun Resources.