Post by
mercedesman on Feb 11, 2019 10:09am
Proof Burkino Faso risks are managable ...
Semafo just put out an offer to take out Savary gold with a 100 % premium offer. All of Savary's explored land is in Burkina Faso. I am excited for two reasons (1) I own Savary SCA, and more importantly (2) this highlights that Gold Companies are still prepared to make substantial bets on Burkina Faso despite the risks (mainly confined to the north). Teranga gets 100% of its production from Senegal (well away from BF, but of course has interests in BF and long term it would like to create another producing mine there). In any case, consolidation in Western Africa is alive and well and proceeding. And TGZ as a producer and explorer, is right in the middle of it. MM
Comment by
ruffus23 on Feb 11, 2019 11:09am
Sarama will likely be next for a takeout. Had alot of Savary so this has been a good week so far.
Comment by
mercedesman on Feb 11, 2019 1:13pm
I have some SWE as well. And ORE. Predicting lots of consolidation in 2019. If Nevsun, Goldcorp and Rangold can be swallowed up, why can't a company the size of TGZ ? Wouldn't surprise me if Endeavour is sniffing around for bargains as well.