TGS will surely bounce hard soon.... JORC reserve updates out this week i think and then DFS to follow next week maybe?? TGS clarified out by November.
With all the constant selling on strong volume, someone is also buying and they must have deepish pockets - over 3 million traded today already.
the value on tiger is not airy fairy - they are digging copper out of the ground everyday and making excellent margins - most overvalued copper hopefuls could only dream of TGS's production and cash cost numbers and importantly -GROWING CASH balance.
the bounce will come - i ahve not seen one analyst value tiger at less than 70c - and beleive you i have looked pretty hard for reasons not to keep buying. DRC legislation changes are not positive but in the thirties and now twenties, this is wayyyyy overdone.
cathay and china africa fund must be running the numbers at this price - 60% premium is now only 43c......
good luck everyone.
the bounce is coming..
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