Looks like the market in Canada downgraded the stock by 10% based on the 25% lower performance last quarter compared to the same quarter a year earlier.
It appears that the additional stripping, harder ore, reduced benching height and lower grades in the section of Sabodola pit now being mined have been adversely impacting performance.
However they management have accelerated opening up Massato? with higher grade and softer ore in the Oromin concession which should turn things around as it gets up steam.
The chatter in Canada is that the price drop and under performance now make TGZ a prime takeover target.
TGZ Price at posting:
69.0¢ Sentiment: Hold Disclosure: Held
