Teranga Gold Corporation T.TGZ

doesn't take much to imagine

[spacegimp]

350,000 ounce per year  production with ZERO debt    and a $1400 gold price 

give it a rest with  country 'risk'  , there are hundreds of open pit gold mines operating in west africa  with very little incident over last 20 years  ...  

cashflow on that 350k ounces per year  looks very very appealing

[TG1960]

Buying opp. here...green at the close mes thinks...sell me your shares dumb###.

[TG1960]

Nasty block at 3.27...watch how fast that disappears when price turns up.

[kkkrrr]

don't get me wrong... the stock is net expensive here ...but both project are not world-class ...  IRR of Sabodala and Banfora are not great at all ...  they are profitable @ 1300$ POG but there will be nothing left for Shareholders... and debt free? look at the balance sheet..  they are not debt-free and will add another 150 million debt for construction of Banfora... 

[goldminer4life]

good point about mines not being world class, digging through the company management is heavily invested in CSR and won/nominated awards that's all great but management has consistently failed to attract investors or made any money for investors with gold at 1350 ulimately that's the point I give this management team a B- at best at worst a C+ something has to change its not the mine or

[ruffus23]

Alwyas fidured tgz would get bought by a miner with very low aisc/world class mines as they could  survive sub $1000 gold.  Tgz needs $1300 gold!   

[kkkrrr]

TGZ could surviva at 1100$ POG but only with cost cuttung (no exploration, no new mine equipement...) at 1300 $ POG they are able produce solid cashflow and maybe some money for construction of the new mine... but they will need additional debt... ..means..they have to pay debt down the coming years + interests ... a big amount of $$$ will flow into exploration and resource developement , social

[goldminer4life]

no mystery that they'll need money, either debt or finance it through dilution either 18 months expect Teranga to be trading 2.50-4

[Highwired7]

kkkrrr, You nailed it, those are the reasons I got out before the split, I had high hopes and 300,000 shares but the R/S announcement was the final straw, this thing will dump once any kind of financing gets announced. It will recover towards completion of the new mine but, that is a long way and many hurddles off. There are just currently too many more opportunities out there right now then