RE:Teranga has options. All are good. He reiterated again that at a GP of $1250 they will "generate more than $100 million of free cash flow at a $1,250/oz gold price.
At 1450-1500 I am going to guess that number is around $150-180 million. Given the mine life and reserves + new possible mine, the current share price seems like a bargain. Low volumes lately seem to also indicate a holding pattern. I suspect the news this week will have great earnings but with include some news that keeps price in check (probably the hedge). My prediction is it will go up to around 5.50-5.80 and hold below 6 until we see what happens with the GP.
The GP has been stuck in such a narrow range the last few weeks. The nervous waiting game may have management hedging again which would disappoint me.
Hope we are all smiling on Thursday :-)