TGZ teranga gold corporation

Ann: Quarterly Activities Report , page-4

  1. 5,574 Posts.
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    I bought some yesterday RB. Put a bid in at $2.35 after reading the quarterly. Was surprised to see it dumped below $2.30 but yesterday was full of surprises.

    I like TGZ much more now than when it was part of MDL. Plenty of cash in the bank to get things moving along. Market cap is low for the amount of oz's it produces. New plant coming online early next year = increased production. Costs coming down. Hedge book reducing. Money being spent on exploration to prove up more resources.

    Imo, it must be the hedge book that is holding this back, but the average price received is still good even with the hedge book. This looks like a no brainer to me.
 
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Currently unlisted public company.

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