info to assist potential new tgz investors, page-7

Cdichi,
I am surprised the company has been poor at communicating with you. Admittedly I have only made one phone call and sent one email (direct to Kathy Sipos who heads Investor Relations), but found their respones to be very responsible. Kathy Sipos sent me a long, detailed reply that answered every question I asked. Also, the conference calls that I mentioned in my post on the weekend are excellent - I haven't come across a mid-sized gold company that is so open and transparent. Nobody should consider investing in TGZ without listening to the most recent conference call.

I agree with your observation that they think they are bigger than they are. You only have to look at the huge salaries their executives are being paid (all on the website - even the head of Investor Relations gets 300k)... they are a one mine company for god's sake.

In my post last weekend I deliberately didn't express an opinion, because I wanted the post to be "unbiased and factual" as Vacre puts it. Reality is I think the company is cheap - in my view its worth over $1.00 and I would be very surprised if your planned selling in late June is at less that $1.00. I have been building a sizeable holding over the past week. I completed my buying yesterday - there was a bot (computerised trading) selling and it was possible to buy as much as you wanted from the bot(in retail sizes of course). From midday to late afternoon it just kept on popping up a new sell at 70c after you took out its previous 70c offer. It happened over and over.

One thing I would observe is that when a bot is selling, it takes until about lunchtime to find its level, then tends to sit there for the rest of the day. Thus if someone wanted to buy, it might be best to go out for a coffee when the market is opening at come back and take a look at lunchtime.

Good luck to current and prospective Teranga investors. {Do your own research and hopefully my weekend post will be helpful in that regard.}