Copper at $3.26 a pound by end-2015, page-115

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AverageJoe

43,969 Posts.

1033

14/03/15

20:13

Post #: 14914780
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Originally posted by Hotfire ↑

Yes I was down ramping so as to get in. As I love debt bloated companies with B grade management operating in a safe sovereign African country with a civil record such as DRC.

Maybe you should do a little research at past electoral events in this part of the world. The violence has already started 18 months early, what do you think will happen when the election is around the corner?

42 people died in violence in January, protesting over current President's push to extend his term via governmental law changes. On the other side of the fence you have our dear Governor, who virtually controls the copper belt.

Can you really see these two dudes, do a Rudd vs Howard debate?

Imo debt funding is one issue, but what's on the horizon in terms of Presidential control is more than likely why TGS is priced where it is.

Should TGS deliver the refinancing, the SP will jump with dumb money support and be sold off by smart money.

Each news story that starts receiving global attention, will trigger an exit from TGS. Again do some research on past history, government vs rebels.

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Your first sentence says it all. Add a loss making operation and the spark has been lit. Any rallies are good opportunities to crystalise less loss or protect the hard earned profits. Another stock on struggle st to add to the IO sector.

TGS Price at posting: 6.2¢ Sentiment: None Disclosure: Not Held
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