Teranga Gold Corporation T.TGZ

Facts about BF and Teranga

[mercedesman]

There is still an element of FUD (Fear Uncertaintly and Doubt) factory workers here.  Probably in order to manipulate the price for trading purposes.

Burkino Faso Facts as it relates to Teranga.

1.  Violence is on the increase...Yes.  Mostly happening in the northern regions and extreme eastern borders.  20 % of the Governement revenues comes from miners.  Government are now painfully aware  that external countries will not pay for military operations to keep extremists at bay, so they will have to spend some of that tax money on beefing up the militatry response within BF...or risk losing their tax base and the rule of law. Logic dictates theat they will make the right decisison (the only decision)

2.  Ternaga has operations in the southern part of BF (both Wagnion & Golden Hill) - hundreds and hundreds of Km away from the most violent attacks, and arguably in the safest regons of BF.

3. in 2019 > 80% of their gold production came from outside of BF in Senegal...a relatively peaceful country.

4.  They recently made their largest mine purchase yet - Massawa -  also in Senegal.  So the significance of BF production for the next several years is and will be minor in relation to total gold production at Teranga...regardless of how the Gov't reacts to scattered violent attacks to the north and east.

MM

[Masterminded]

Great update. In summary TGZ $12+ regardless of the situation. Great buy

[Thisisfunstuff]

1,600.90Bid 1,601.90Ask High: 1,602.40Low: 1,584.80 +20.10+1.27% This stock is undervalued Great Buy

[Roro1]

Also, political risk is a compoenet of  TGZ's  shareprice - otherwise, TGZ would "always" be higher. I suspect that TGZ's SP is actually being held down a bit more than usual right now because of the recent events in BF. Its just part of the equation - part of the cost of doing business. Fortunately, the violance is far away from Senagal. On a positive note, TGZ likely

[fogduckker]

MM, great post and geography lesson. And to paraphraze Rick Rule "I will always take a top tier mine with excellent grade in a risky geopolitical place over an average mine in a safe area." Thinking we may get sort of lucky here and get an extra risk premium for this stock even tho it may be safer than generally assumed.

[mercedesman]

Rick Rule is an amazing picker ( and Yes he's prepared to take risk ) best example I have is IvanHoe Mines in the DRC ( copper) and South Africa ( Platinum & palladium)  watched an interview with him years back were he laid out all the risks and potential. I Bought it right after for 80 cents.  Sold it all about a year or so later over $4.  Reloaded in the high $2's.