People are waking up to this little beastie.
It is amazing to see so little on the sell side.
Finally hit 74 cents, up 10.5%.
Why?
Because there are so few producing goldies around on the ASX after all the failures and mergers, especially goldies that can produce over 200k ounce pa at (in my view) a AISC of USD1000 or lower.
Given that they have only about $30m debt, TGZ is in a very strong position to weather lower gold price, but has huge upside.
To buy any volume people will need to offer around 80 cents, cause nobody is offering them at 74 cents.
Just checked - price is now 75.5 cents - up 12.7%.
Lets hope that buyers on the TSX confirm this run tonight (our time).
Long way for the price to get back to respectability.
loki
People are waking up to this little beastie.It is amazing to see...
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