Teranga Gold Corporation T.TGZ

q4 results

[GoldPanda1]

not bad considering there was a deferred income tax expense of $2.3 million

[Highwired7]

Where do they get .06 for the full year, the highest Q was .05 with the rest at .02 or lower?

[Highwired7]

I mean't .03 or lower.

[rationalexuberance]

looks good; they're all cashed up for 2017 and ready to rock on with their cockk on

[ganndolph]

Highwired7, The math is simple 6 cents plus zero = 6 cents.  The entire profit was made in the first 9 months, and in Q4 2016 Teranga reported a small loss of $1.285 million which divided by the 532 million share float is 0.241 cents per share which rounds down to zero, so 6 + 0 = 6. Now the question is how does the stock get to $2 USD per share when there is no profit, and the quarterly

[kkkrrrr]

conclusion: TGZ is not profitable enough ...only a sharp rise in POG will make Sabodala more profitable AND the lower sreaming-Costs  (Franco-Nevada)  in 2019 ...  the high strip-ratio at sabodala hurts ... 

[rationalexuberance]

 ganndolph, if you read the md+a, you'll see they made US$7.0mil before tax.

[chopperzombie]

Old man wasn't wearing his glasses 

[Highwired7]

ganndolph, thanks for straightening me out on the math, not my strong point, sometimes I miss the obvious.

[ganndolph]

Higwired7,   I wasn't trying to give you a hard time.  Teranga Gold actually reported results that were 1.5 cents above the estimate which I posted in my post #25771029 dated January 30. This company uses a couple of accounting gimmicks to make their results look better than they actually are.  One such gimmick is capitalized deferred stripping which counts as a credit against

[Highwired7]

ganndolph, no offense taken, I'm all in with Teranga Gold w/300k, not going anywhere, $2 is my goal, too many shares to jump around, been there, done that. My other large position is GSS @.70