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Bullboard - Stock Discussion Forum Teranga Gold Corporation T.TGZ

Teranga Gold Corp is a Canadian-based gold company with assets is production, development, and exploration situated on prospective gold belts across West Africa in Burkina Faso, Cote d'lvoire and Senegal.

TSX:TGZ - Post Discussion

Teranga Gold Corporation > ******************** Done
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Post by BUHOMAIDMAN on Nov 15, 2017 12:30pm

******************** Done

I got back into TGZ months ago and kept buying almost every day at lower and lower share prices with the goal of achieving the lowest possible share average. I set 2.47 as my ultimate bottom. With gold going up and the majority of other gold mining stocks edging higher, TGZ was doing the opposite, for whatever reason. I tried thinking it was for a positive reason but was very very wrong. When it dropped below 2.40 to 2.37 I new I had made the correct decision in getting out as that was the straw that broke the camels back. After realizing management has done nothing to stop this deteriorization of the stock. no spikes, which I thought were imminent under these conditions. Now I realized what all the negative posts here were truly about here, in light of the BS info posted by TGZ about the company.  I said there was a point where if this stock went below 2.47 or .49/sh pre-split, there was something seriously wrong as I unfortunately found out the hard way. With no hope in site I unloaded my entire position (retirement nest egg) at quite a substantial loss and am terminating any future interest in this company. I have never experienced a company in all my years of investing as pathetic as TGZ. How could this management just sit back and enjoy watching their own stock drop 61 % and not do anything about it   Anyways, I made a massive mistake and paid the price for it. Live and learn.
Comment by bentley747 on Nov 15, 2017 12:51pm
I am done also , lost lots , kept buying also hoping that things would change ,something is really wrong here not sure what but feels very corrupt to me , you know things continually eroded here ever since our so called large investor got involved with this stock hope I am wrong but time will tell ,went against my own rules here for investing never again
Comment by Sawzandmo on Nov 15, 2017 1:08pm
This post has been removed in accordance with Community Policy
Comment by SPACEDOC on Nov 15, 2017 1:17pm
This post has been removed in accordance with Community Policy
Comment by Highwired7 on Nov 15, 2017 1:35pm
Where have all the reverse split shills gone? I had built over 1 year period a 300k position before the split and was regularly disrespected by these jerks for being totally against it. It seems like this R/S ended up like they usually do...destroying share holder value, sold at a loss in April and June, but have made it back and more in Golden Star Resources since then....where have they all gone ...more  
Comment by rationalexuberance on Nov 15, 2017 2:58pm
Buhomaidman: I feel sorry for someone like you, an investor who bases his sell transactions on what other people are doing (ie. selling).  No doubt your losses feel real to you and it hurts, but it's a shame you don't have the fortitude to hang in there with your buy decision.  As you said, you don't know why it's going down.  Is that a reason to sell?  ...more  
Comment by Treetop2 on Nov 15, 2017 2:55pm
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Comment by SPACEDOC on Nov 15, 2017 3:53pm
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