Post by
Highwired7 on Jul 22, 2018 11:04am
Simply a Long Overdue Correction
From my perspective TGZ had a very nice linear H1 run with little or no correction, although I don't really understand what made such a move with this company possible, a correction after the drop in gold was absolutely inevitable. Just my 2 cents.
Comment by
kkkrrr on Jul 23, 2018 3:50am
problem is..Teranga has no high-quality (low cost ) assets ... AISC around 1000$ makes this stock risky ..no return tu shareholders after serving the debt.... ..i only would buy gold miners with AISC ranging from 700-900$ .....
Comment by
LaurelHardy1 on Jul 23, 2018 5:38am
Off with KKKRRR head. How dare he come here and say anything that's not 100% Rah-Rah for TGZ. Look pal, either show up here next time like this, or we'll make you listen to Richard Young's pitches 24/7 with no rest!
Comment by
kkkrrr on Jul 23, 2018 1:20pm
whats wrong with my conclusion? IRR of both projects is not very high ... Sabodala will deliver 0 free-cashflow at POG 1100$ ... the same with Banfora ... fact is: TGZ is risky at POG 1200$ ..... thats why i prefer lower cost-miners.... i'am not saying TGZ is a bad company in gerneral....
Comment by
loubastone on Jul 23, 2018 1:50pm
More reason why TGZ management dropped the ball big time not buying AXM.V, when they had them on the ropes. Cost per ounce for Axm in car is under $500, which is extremely cheap.
Comment by
Highwired7 on Jul 23, 2018 2:47pm
kkkrrr, Laurelhardy is in agreement and just being sarcastic at pumpers expense.
Comment by
Oska1139 on Jul 23, 2018 4:41pm
Hey kkkrrr, best pumper on my yacht is a frightened man with a 4 gallon bucket.
Comment by
Oska1139 on Jul 23, 2018 5:47pm
PS. With TGZ's gold price locked in at $1270 OR ABOVE until September 2019, I don't expect to be needing a 4 gallon bucket. Also, Sept 2019 will be close to the first gold pour from Wahgnion.