TCG 6.82% 23.5¢ turaco gold limited

is there anybody out there?, page-18

  1. 833 Posts.
    I think the company should sell non-core assets. Reason being that licences require exploration expenditure to be maintained. This is high risk high reward but cash draining.

    At this point in time, MSR has all that it needs to be a producer with the combination of Obdilla and Shambesai. Any money received should be spent there to upgrade mine life. This makes sense because exploration nowadays isn't worth it. If MSR could bank 20-30m from production, they could just buy another goldie.
 
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