Almost got my $3 as it got to $2.91 before the new year.
Well superox a profit is a profit so well done.
Don't know if we have a mystery buyer the volume is quite low,(apart from the 31st) if someone wanted a piece of this stock they got a cheap at $2.00 already
However I will say that todays VWAP was $2.75 and a third of todays volume going in the last few minutes at a price of $2.80 although we finished at $2.75. Remember its 30 day VWAP before the placement was $2.78. I reckon its a stone cold cert over $3 if the market keeps extending, think we will see some selling as those who got at $2.00 unload for a quick profit. Fundamentally its got to be a $5 stock when prices start to rise and Grand Cote is in production.
All this posting would not have been necessary if its Teranga shares had not lost circa 75% of their value with the fall of the price of gold as they would have probably had more than $40mil spare cash if they could have offloaded Teranga and the share price would now have been around $4 I think.
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