On July 31st 2017 Teranga Gold announced the process for delisting from the ASX. The release of July 31st 2017 also states this delisting has received in principal approval from the ASX subject to certain conditions as outlined in the release. As a result, the suspension date for TGZ shares trading as CDIs on the ASX will be September 8th 2017.
Based on last year’s releases, the only release given by TGZ for the remainder of 2017 will be the Third Quarter Results, the Interim Consolidated Financial Statements and Management’s Discussion and analysis in and around October 31st 2017. Last year these releases only gave guidance to the end of the current calendar year.
The first guidance for 2018, based on this year's releases, will be the Fourth Quarter Results that, based on the 2017 timing, will be released in and around January 30th 2018. The Voluntary Sale Facility remains open to November 23rd 2017 and the Compulsory Sale Process to December 8th 2017.
TGZ Price at posting:
$3.08 Sentiment: None Disclosure: Held
