Looks like things now starting to line up nicely for TGS.
Source - Proactive Investors (www.steelguru.com)
Tiger Resources' recent price rerating could be just the beginning, as the company is riding the dual benefits of a rising copper price, while production from its Kipoi project (60%) in the Democratic Republic of Congo continues to hit records.
Tiger is trading 6.8% higher at USD 0.235 intra day but look back to late June and the increase is 47% following the lows of around USD 0.165. The company hit a new monthly production record in June 2013 after producing 4,422 tonnes of copper in concentrate from its heavy media separation plant with record production of 11,116 tonnes of copper in concentrate for the June quarter.
Copper recently hit an eight month high as China's copper imports rose for the third straight month in July.
TGS Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held
