Teranga Gold Corporation T.TGZ

Perspective on Insider Buyinig

[mercedesman]

In the last 10 days Tablo Corp and Mimran each purchased 193,500 shares. That's almost a 3/4 million investment each (or $ 1.5M total) ------------------------------------------The last time they loaded up (Nov and Dec or 2017) it was followed by a 60 % increase in the value of their investment (within 2-3 months) - about $ 2.50 to close to $ 4.00 ! -------------------------------------------------- I kinda like their track record of late FWIW. So should the little guy. --------------------------------------------- PS this is without the influence of a dramatically rising or falling Gold price. MM

[SGCGRIMREAPER]

mercedes - first order of business for you is to know David Mimran and Tablo is one on the same and they're reporting the same purchase.  Second, Mimran is actually underwater with his entire insider purchases but I doubt he's concern about that given his wealth and long-term strategy regarding this holding. Third - the share price needs to get over $6 just to be back to what it was

[mercedesman]

First - thanx. I assumed it was both a personal and corporate purchase. Still - I like the confidence shown. ---------------------------Second. Insider buys are no guarantee, but on average it represents a safer time to buy stocks. He lost out when he bought shortly after the 2016 run-up (a triple) and retreat. He should have waited for a full retreat - but as you said - he has his eye on the LT