FACT CHECK...... Several of your statements ARE...

First 9 Last

Share
Profile

Follow
Hinchinbrook

26,116 Posts.

512

15/05/24

12:48

Post #: 73834818
Share

Originally posted by Yevgeny: ↑

You make a valid point mon vieux - there is sovereign risk here unlike in Aus.

That being said, the Ivory Coast is one of the more stable West African countries - the US State Dept among others has published information on the investment environment there as have other think tanks. Worth a look. That's why other majors are there like Perseus (ASX: PRU) and Barrick Gold.

There much less chance then of the asset being seized by the state or non-state actors as we have seen recently in Mali (Leo Lithium ASX:LLL) and the DRC (AVZ Minerals, ASX: AVZ). Sure, it could still happen, but less likely.

Justin in his latest speech at the RIU Round-Up also observed (early on in the speech) that the TCG Afema holding is in the South of the country, away from the north which borders Burkina Faso and Mali, both unstable with much lawlessness. Afema borders Ghana, which you don't hear about from much in the news - a good thing.

These northern areas could be prone to border incursions. TCG have never said this, but it could be one of the reasons why TCG sold off assets there to others (Aurum and Many Peaks), a canny move.

If you've a potentially multi-million ounce resource in the south, away from troubled areas across the border in the north, better to concentrate on developing that than hang on to a potentially stranded asset, or one that ends up being pinched by a warlord.

Expand

FACT CHECK...... Several of your statements ARE "Incorrect"...... Misinformation!

TCG Price at posting: 22.8¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

HotCopper Trends: Wall of quarterlies dominate; then there's Micro-X & Ionic

Oz core inflation at 2.7%; August cut odds still unclear; ASX200 rises

IXR

Ionic Rare Earths falls -7% as momentum slips on vague production update

HAR

Haranga jumps +7% on Lincoln acquisition

NUZ

Neurizon inks $1.5M loan against R&D Tax Rebate

First 9 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 44.5¢		Change -0.020(4.30%)		Mkt cap ! $472.7M

Open	High	Low	Value	Volume
46.5¢	46.5¢	44.5¢	$367.7K	812.4K

Buyers (Bids)

No.	Vol.	Price($)
4	23318	44.5¢

Sellers (Offers)

Price($)	Vol.	No.
45.0¢	65296	13

View Market Depth

No.	Vol.	Price($)
3	16808	0.445
14	221634	0.440
10	112858	0.435
11	220529	0.430
1	6901	0.425

Price($)	Vol.	No.
0.450	66206	16
0.455	27291	9
0.460	32376	5
0.465	30595	6
0.470	5900	3

Last trade - 15.39pm 30/07/2025 (20 minute delay)

TCG (ASX) Chart

FACT CHECK...... Several of your statements ARE...

HotCopper Trends: Wall of quarterlies dominate; then there's Micro-X & Ionic

Oz core inflation at 2.7%; August cut odds still unclear; ASX200 rises

Ionic Rare Earths falls -7% as momentum slips on vague production update

Haranga jumps +7% on Lincoln acquisition

Neurizon inks $1.5M loan against R&D Tax Rebate

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

FACT CHECK...... Several of your statements ARE...

Top Stories

HotCopper Trends: Wall of quarterlies dominate; then there's Micro-X & Ionic

Oz core inflation at 2.7%; August cut odds still unclear; ASX200 rises

Ionic Rare Earths falls -7% as momentum slips on vague production update

Haranga jumps +7% on Lincoln acquisition

Neurizon inks $1.5M loan against R&D Tax Rebate

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News