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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

Comment by LaurelHardy1on Sep 28, 2018 10:36am
53 Views
Post# 28708929

RE:Trish & Richard - Where are the insiders purchases?

RE:Trish & Richard - Where are the insiders purchases?Paulreidi

First off, BRAVO!!!!  Unlike O5RICH and a couple other always bullish bulls here, you're willing to hold Young's feet to the fire. Here's exactly what he said during the last conference call

https://seekingalpha.com/article/4195181-teranga-gold-corp-tgcdf-ceo-richard-young-q2-2018-results-earnings-call-transcript 

Here are Young actual words regarding insider buying:

"A second question was regarding why is it management buying stock or the board? I would point out that under our governance policy we do have quite extended blackout periods. They begin at the end of the quarter and continue through 48 hours after the release of our quarter or year end results. So, that blocks at about 5 months of the year. Beyond that, we do take a very conservative approach with material undisclosed information and we currently have the reserve update for Wahgnion that we are aware of. We are currently optimizing the mine plan getting the capital update and so we have instituted the blackout period until the release of those results. So as a result, neither any of our board members, including David Mimran or any members of management are able to buy stock, but we certainly all remain bullish of where the company is going and certainly believe as we create value, the share price is going to move up. And I do think you will see buying once the blackout period ends."


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