RE:Interesting plunge... considering the recent good news.
It's probably just a sell on news thing. Yes it had a nice pop on very good news but some investors are selling into strength not understanding the long term potential for TXG. One thing to keep in mind is that the usual season for gold strength is beginning now and runs until around the first week of October. Another thing is that the previous union blockade issue appears to be behind them now so there is less risk. Finally, if you crunch the numbers, TXG is very undervalued considering they will produce between 325,000 to 350,000 oz of gold this year at an all in sustaining cost most likely under $800/oz and only 84M shares outstanding. The numbers are incredible and I challenge anyone to tell me how many gold companies have such a low float and produce this much gold at a low cost. The only other ones that comes to mind are GCM and ALO but they produce less than half of what TXG produces in gold and at a higher cost. TXG also has a good balance sheet and analysts seem to like it with price targets well above current levels, not that I would put too much emphasis on analysts opinions.