RE:Good news David's buying again seeking alpha Summary
In 1H 2018, Teranga delivered very good results.
This year, the company is involved in construction of its second mine, Wahgnion in Burkina Faso. In my opinion, the project is fully financed.
In August 2018 the largest shareholder, David Mimran and Tablo Corp. (controlled by Mr. Mimran), acquired 155 thousand shares of Teranga paying C$3.58 a share.
In my opinion, a price of C$3.60 (or US$2.77) is probably a floor price for Mr. Mimran. If I am correct, the current short-term downward trend in Teranga shares might be over.