Post by
SGCGRIMREAPER on Jan 30, 2019 3:59pm
Best Grandich quote from his last private call
My pal tapes Grandich's little conference call to friends and I taped what he played for me. Grandich said this in his last call "There's no question that Teranga's projects are worthy. Unfortunately, I have seen companies with better projects but as poor promotional skills as Teranga has, and they either never came close to reaching their real value, or ended up selling out for far less. I have freely given my thoughts to Teranga's IR department. While I feel Ms. Moran is competent enough, I feel her hands are mostly tied by Young. As you know, I will not speak to him again and believe while he may be a good operational leader, he truly sucks at promotion. If Mimran doesn't return to being a buyer in the weeks after the next conference call, the combination of a second or third rate IR program staying entrenched while so many other companies definitely have their IR act together, will give us great reason to consider exiting TGZ for better, overall plays, now that gold is doing much better. =========================================== Grandich is bang-on!!! Right now, TGZ is just being dragged up thanks to gold and doesn't have an ounce of relative strength. I think we need to think like Grandich and realize we may need to exit if Mimran doesn't find it worthy to buy any more by Easter.