TCG turaco gold limited

Ann: Turaco Gold Corporate Presentation October 2021, page-5

  1. 1,240 Posts.
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    I've also recently bought into TCG, and also happen to own Mako as well (This post is definitely not intended as cross-promotion btw).

    As far as which one is "better", it's almost a circular argument. TCG have some great ground, however the more ground you have the more capital is required to thoroughly test it and do it justice. In other words you need a substantial exploration budget, and this generally means more frequent capital raisings. This isn't a huge issue for me, as I'm prepared for the inevitable funding requirements, and the existing capital structure is undiluted since the rebranding and share consolidation.

    However what I'd really like to see in TCG's case is for a cornerstone investor to take a significant stake in the company, similar to what Dundee capital have done for Mako. I think this is really just a matter of time, as the ground holding is very strategic, and they're also a very active company in the field. Management wise, Justin has been here and done it before with Exore, so he knows the game inside out and I think he's probably the right guy to be out there attracting the attention of the big European funds.


 
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Last
43.0¢
Change
-0.010(2.27%)
Mkt cap ! $451.7M
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