Hi Loki, include me in your list of nervous nellies! Yes, it’s their large debt relative to market cap.
Global AISCosts converging to the gold price is worry enough plus the generally higher costs and taxation in Africa... on top of their debt, too risky for me. That said I’m encouraged to note they were able to secure excellent fiscal terms for their new mine in Cote D’Ivoire.
So where do you see their focus and future growth across their 4/5 operations Loki? Perhaps you can post on the EVR thread? In Africa I want existing producers with near-mill exploration success to contain ever-rising costs. B2 in Namibia and Semafo (Burkina Faso) have achieved it, recently finding a million ounces of +4 gpt dirt within a few Km’s of their plant.
I think Teranga has a great shot particularly given their clean balance sheet and conquest of the two former parties involved. Not forgetting a likely secondary heap leach processing stream (depending on the metallurgy).
TGZ Price at posting:
$1.12 Sentiment: Buy Disclosure: Held