Mid summer meltdown!Nice to see you back Grim! This summer was not very helpful to most goldminers. if you follow a lot of minng companies , many have beed beat up this summer and are making their way back up. Some like KL, WDO and a few more have recovered and grew nicely. I for one am very lucky to have a large part of my portfolio in KL, and yes wished that i would have sold more TGZ earlier this spring to have bought more KL or WDO or SSRM one of my current favorites.
TGZ is currently slighly above its 50 day moving average , and if the Gold price continues to increase we should see a move upward.
Some TGZ shareholders may at that time sell some shares in order to pursue some more "Safer jurisdictional Stocks." Myself Included!
I do not blame Young for the poor perfoemance of TGZ .
If Stock price was the deciding factor for ousting CEO's ,BTO, EDV, ROXGold , Semafo and the list is long of would be headless companies. If i had a vote on a new boss for TGZ i may look for an Tony Mackuch. WHO would you recommend?
I am going to guess that the Golden Hill results will be out before year end results, and that if the price of gold is not continuing its upward move, the news may have little effect on the stock price.
TGZ price will be directly correlated to the price of Gold.
I am still hopeful for TGZ and the price of gold , and many other gold investments and yes nothing is guaranteed.
GLTA