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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

Post by BUHOMAIDMANon Nov 15, 2017 12:30pm
173 Views
Post# 26968990

******************** Done

******************** Done I got back into TGZ months ago and kept buying almost every day at lower and lower share prices with the goal of achieving the lowest possible share average. I set 2.47 as my ultimate bottom. With gold going up and the majority of other gold mining stocks edging higher, TGZ was doing the opposite, for whatever reason. I tried thinking it was for a positive reason but was very very wrong. When it dropped below 2.40 to 2.37 I new I had made the correct decision in getting out as that was the straw that broke the camels back. After realizing management has done nothing to stop this deteriorization of the stock. no spikes, which I thought were imminent under these conditions. Now I realized what all the negative posts here were truly about here, in light of the BS info posted by TGZ about the company.  I said there was a point where if this stock went below 2.47 or .49/sh pre-split, there was something seriously wrong as I unfortunately found out the hard way. With no hope in site I unloaded my entire position (retirement nest egg) at quite a substantial loss and am terminating any future interest in this company. I have never experienced a company in all my years of investing as pathetic as TGZ. How could this management just sit back and enjoy watching their own stock drop 61 % and not do anything about it   Anyways, I made a massive mistake and paid the price for it. Live and learn.
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