RE:Grandich : research is out on Teranga with a $6 price targetSpacedoc - Don't you listen to the old jalopy mercedes, who once again, tried to tear down Grandich comments - only to be shown why Grandich manages a billion dollars and the jalopy is king of this thread.
Talk about the mercedes being the cherry on top of Grandich's take profits in gold call. As PG states on his latest podcast, what he sold is already off 10% - 20% and likely lower today. He just made his clients tens of millions while the jalopy will come on again and tell us how much he has made in the past-LOL
Oh yeah, let me share just a little with the general audience here, the report Grandih referred to (our private group that the jalopy ikes to make fun if, received the entire report),
From RBC:
Our view:
We reiterate our Outperform rating on Teranga Gold and believe the company should begin to attract greater investor interest given oncoming free cash flow, with first gold from Wahgnion anticipated by year-end. In our view, Teranga appears well positioned for a positive re-rating with production growth from Wahgnion, potential advancement of internal growth opportunities, and attractive valuation versus peers. Reiterate Outperform, C$6.00 price target