Teranga Gold Corporation T.TGZ

Upward revised price target $6.25

[rationalexuberance]

RBC old target $5.50; new target $6.25

[SGCGRIMREAPER]

rational can you please post some evidence of this being published - thank you The stock should be above $4 by now with gold's action so no doubt either equity financing or some hiccup with Banfora.

[Nosleep]

they have 80 million in cash, why would we need a financing? Nosleep

[SGCGRIMREAPER]

no sleep - because they have noted more than once in recent weeks that the costs of Banfro and what they claim to have in non-binding debt financing, falls short somewhere between 50-100 mil.  Given what the price of gold has done yet the share price continues to greatly underperform, one can only summarize the market is anticipating some equity offering and/or a possible hiccup in

[Stocktipper1]

Is this thing a fckin GOLD stock or WHAT??  golds up 17 dollars??? like WTF???

[SGCGRIMREAPER]

stocktipper - you can call Moran in IR department but let me save you time on what you will hear  https://www.youtube.com/watch?v=XdofmoYcJNE 

[LaurelHardy1]

Reaper - Right on regarding IR department, All I heard was how the ETF fiasco unfairly suppressed TGZ share price, yet weeks after that situation is over, stock trades like a lump of $hit.  There's a reason only one analyst is usually on conference calls and it can't be good IMHO. Imagine if the "cornerstone" investor hadn't tucked away about 20% of the

[rationalexuberance]

FWIW,  Scotia 1 yr target on TGZ is also $6.25.