TGM continues to fly under the radar of investors, which is a shame, even though the price of gold is currently on the steepest rise in a week.
Here is an excerpt from 'Trading Economics':
Otherwise all resolutions put to shareholders at the Extraordinary General Meeting held today were passed unanimously with a minimum of 99,06 % and an astonishing maximum of 99,75 % for 'Ratification of Prior Issue of 76,923,077 Placement Shares'.
By the way, I found an interesting detail in an article about B2Gold from Freedom Finance, a European online broker listed on the NASDAQ. This is not a cross-promote, but relates exclusively to the demand for gold.
In the article they said:
"In the period from 2012 to 2019, global gold demand was relatively stable overall, ranging between 4,284 and 4,714 tonnes, despite fluctuations within segments.
During the COVID-19 pandemic, the gold industry faced a drastic decline in jewelry demand, but recovery was also on the horizon.
In 2020-2022, global gold demand was boosted primarily by central bank purchases, which increased 3.2 times from 255 tons in 2020 to 1,082 tons in 2022, as well as the recovery of the jewelry industry to pre-pandemic levels.Gold purchases by central banks increased in both emerging and industrialized countries.
China continues to gradually sell its US government bonds and diversify its reserves with gold.In July 2023, the People's Bank of China increased its gold reserves by 23 tons, cementing its place as the largest buyer year to date (126 tons). In the first seven months of 2023, China increased its total gold reserves by 6.3% to 2,136 tons. Other major gold buyers were Poland and Turkey."
Source:
https://broker-test.de/trading-news/aktie-im-fokus-b2gold-goldminenunternehmen-mit-44-dividendenrendite/So all investors in gold should think about it and I repeat: it's a shame that TGM flies so under the radar when ASX ann says:
"The Company released its definitive Feasibility Study (FS) in July 2022 detailing the robust economics for the TGME Gold Project including an NPV10% of $432 million and a Life of Mine (LOM) of 12.9 years providing a net positive cashflows of $507 million."
(20min delay)