Teranga Gold Corporation T.TGZ

News

[Masterminded]

Teranga Gold Hedges ~50% of Sabodala Production at $1,336 per Ounce Through 2018, Providing Greater Cash Flow Certainty During Banfora Project Construction

[GoldPanda1]

“Our objective is to put an optimal financing plan in place that eliminates or at least minimizes the requirement to issue new equity to fund the development of our Banfora Project in Burkina Faso, as well as, our other growth initiatives"

[kkkrrr]

i bought some today..like the news ... they will be able bring Banfora into production with no or minimal dilution ...   the stock is cheap now and downside limited because solid cashflow at POG >1250$ ...future upside: exploration at Golden Hill and around banfora , new resource estimate Banfora -> better economics at Banfora  .

[BobMabena]

I am not sure this is good or bad,  I like it mitigates some risk.   What really upsets me is this company has no idea how to write a news release.   Every news release is filled with more questions than answers.   We thought this equity raise question was behind us and in the latest release, they bring that back into question.   Everything they say is reasonably positive

[SGCGRIMREAPER]

BobMabena As I stated several days ago, https://www.stockhouse.com/companies/bullboard/t.tgz/teranga-gold-corp?postid=26665358 the company needs to upgrade their IR people and method. You're absolutely correct that share price should be much higher but mgmt always shoots itself in the foot in its promotional side of things. Sadly, Young and Moran are entrenched in their positions

[goldminer4life]

they will issue new equity no doubt about it even with this hedge in place, that event however could be closer to construction than soon