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$3.30 teranga gold corporation

GC Definitely worth a good look. They have enough higher grade...

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loki01

11,118 Posts.

627

09/01/15

11:02

Post #: 14558889
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Originally posted by grandcaruso ↑

I don't really know these guys but at a quick glance things seem to be going pretty well. Their s/p was 52c this time last year, gold in aud terms was actually lower which probably would account for any missed guidance in production terms. They said they had $60M debt last year and the financials show about $16M cash as at 31/12/13. Now they have no debt which seems to be funded from streaming agreement and an equity raising - 30m each. So the cash is now $35.6m which is an improvement of $20M for the calendar year which is pretty good for an entity with a m/c just over 200m. Am I missing anything? Will look myself over the w/e. Liquidity definitely an issue here.

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GC

Definitely worth a good look.

They have enough higher grade ore for the next few years, I think, but they need to keep finding more to keep them profitable at a low gold price, should it persist long term.

loki

TGZ Price at posting: 51.0¢ Sentiment: None Disclosure: Held
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0 Great analysis

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