"I will buy some more if it drops down to around 65 cents."
Today's announcement of issuing 36m shares plus another possible 5.4m shares to raise CAD34m shows how well they are going, and makes my next buy in price of 65 cents look very likely, especially as the POG retreats.
Hooray for all the capital raisings that our beloved goldies have been doing.
Luckily TGZ is only a small holding for me, but I can see its value diminishing over the next few weeks.
I think this management team is cr p. Why do they not admit that they paid too much for the OJVG since the grades are much lower than what was given as the reason for the takeover. Plus their geo team takes bottom of the class status. I wonder if they have done anything to improve the geos who are supposed to find lots more higher grade ore but failed in the past despite large outlays.
Rowingboat - any thoughts on this announcement?
loki
TGZ Price at posting:
89.0¢ Sentiment: None Disclosure: Held