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@FundamentalAnalysis I'm actually really glad richard is a chartered accountant. Same as me :) ....Didn't know he was also the CFO for teranga at one point. I'm a big fan of accountants heading the business, look at the way Glencore is run (although they play dirty tricks).....mining is all about numbers and I would like to think Richard has a tight grip on this and will always consider this over the next few years.
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@MiningBookGuy @Excelsior RE: https://ceo.ca/~aufrica?7d211c0df867 $TGZ - thanks for posting this excellent #SeekingAlpha article from @Jayfire! Since it's already in ~AUfrica, I am compelled to quote/tag the key area that @Jayfire commented on in the middle of his article: --- "In terms of potential new discoveries (with district-scale potential), without a doubt, #GoldenHill is currently the most promising target on Teranga's radar. Golden Hill is located in the prospective #SouthHoundeBelt, which is surrounded by companies and resources such as: #Mana (Semafo; $SMF OTCPK: $SEMFF), #Yaramoko (Roxgold; $ROG OTC: $ROGFF), #Hounde (Endeavour Mining; $EDV OTCQX: $EDVMF), South Hounde (Acacia Mining; $ACA.L), South Hounde and #Karankasso [*and #Bondi ...I added this in!] (Sarama Resources; $SWA OTC: $SRMMF), and #Karankasso (Savary Gold; $SCA OTC: $SVVYF). There is a popular saying, "If you want to find gold, the best place to look for it is in places where others have previously found it." With that said, #GoldenHill is certainly located in the right address for gold prospectivity. Golden Hill was acquired along with #Banfora in the Gryphon Minerals transaction, and it is currently structured as a joint venture partnership with Boss Resouces ( $BOE.AX). Teranga has prioritized 10 targets for more advanced exploration work in 2017." --- Of course, $TGZ has great stuff going on in #Sengal, #IvoryCoast, and other parts of #BurkinaFaso as well. But in terms of near-term excitement, I completely agree with the focus on #GoldenHill as @Jayfire described so well above! ~AUfrica
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Lolorenzo Love Richard's bio on LinkedIn : "The characteristics I value the most in myself, and my team, are the ability to pursue excellence, the desire to work, without ego, towards a common goal, and the ability to find a healthy balance between life and career.Bureaucracy kills productivity, as a result, no is not a viable answer; because in the end there is always a way to get something done."
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@FundamentalAnalysis Going lower and lower LOL.....to avoid overexposure to gold stocks, I might consider selling some of my safer gold stocks like $SSL to fund the torque $TGZ could provide if this continues.
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@FundamentalAnalysis Going lower and lower LOL.....to avoid overexposure to gold stocks, I might consider selling some of my safer gold stocks like $SSL to fund the torque $TGZ could provide if this continues.
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@MiningBookGuy @FundamentalAnalysis @Jayfire - but yeah, if you're happy with 10-baggers, this is still a great place to be, and it seems we all agree that $TGZ is a really good choice right now, where I think realistically think it can be a 10-bagger over the next few years with a combination of #exploration / #development / #production success. So no need to go 'deep' into exploration to have a lot of success in this sector! And to @jayfire's point, it would be pretty awesome to transfer gains from this sector as it approaches highs in a few years, buying another one at the lows! (like he has been doing from #realestate to #mining ) #mbgtrends
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@MiningBookGuy @T RE: https://ceo.ca/newbies?5f8043c0d7e1 #newbies - not sure if anyone responded to you in the 'index' since I missed this yesterday. In any case, it wasn't tagged to #newbies, and I'll give you my quick take now: I would say the primary reason to choose one listing over another is volume. A secondary reason is figuring out which listing is the 'main' listing. I'm going to ignore OTC here (which for me is a whole different question...but could address this in another post). And I'll focus on the difference between Canadian and Aussie listed stocks. Here's 3 I follow pretty closely: $PRU $PRU.AX $TGZ $TGZ.AX $WAF $WAF.AX *Note these are real examples, but we are not discussing actually buying/selling these companies on their merits...simply which listing to buy. For $PRU $PRU.AX, even though volume seems higher on ASX, I would say it's pretty even on interest from the exchanges, and it's simply a personal preference. For $TGZ $TGZ.AX, I would DEFINITELY choose canadian listing over Australian. Richard Young CEO of $TGZ even mentioned how the ASX listing was more of a 'legacy listing'. It's also interesting to note how #HotCopper discussion is much more active for $PRU.AX than $TGZ.AX. So while these companies are very similar, $TGZ is going to be the better listing for many reasons. For $WAF $WAF.AX, it's a much tougher choice. @stateside has noted many 'arbitrage' opportunities, as $WAF seems to be relatively cheaper much of the time. But $WAF.AX is definitely more liquid. I think this is a good example of where there might be costs/benefits to choosing one over the other. But I would still say you could go either way with this one. Anyway, wanted to give a few examples because I think it could help you and others start to see how sometimes it's pretty obvious, and sometimes it's not. Maybe some other people have thoughts on this as well! #newbies #TSX-Stocks #ASX-Stocks
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@marketwired Teranga Gold Schedules First Quarter Conference Call and Webcast for April 27, 2017 @marketwired/teranga-gold-schedules-first-quarter-conference-call $TGZ $TGZ #news/mining #news/gold
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@Jayfire what a blood bath time to throw in the towel fellas :*( $KDX $TGZ $CNL
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@FundamentalAnalysis @Jayfire It is a bloodbath......but with gold prices so high and not in the danger levels of sub $1200 or worst closing towards $1100. I'm more comfortable this time round compared to the past two years. #mbgtrends. I know a technical trader, who trades gold all day long and he is convinced we won't be touching the Dec 16 gold prices lows again. So at worst we will see around the $1200 level. Time will tell.
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@FundamentalAnalysis What a mess!!!! Teranga just became my largest position bought a bit more at 0.7cad......noone seems to know what is going on with this stock I mean 34.4% of the market cap is cash. There is a small amount about $15m of debt. #mbgtrends
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@enviro111 In the past quarter or so $TGZ had a big stock offering. They now have 95 million US$ in the till. There must be a big stock overhang to work through here. Someone wants out and they don't care the price. Everytime, $TGZ goes up it gets slammed. $ROG and $SMF are not getting hit so hard. I don't think it is africa doing it.
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@Jayfire @enviro111 Yes lots of discussions lately with GDXJ and the rebalancing going on there... Last offering was C$1.05 and now we are trading at C$0.70. No one knows where the bottom is but there's no question it's a better buying opportunity down here then up there even if sentiment sucks azz now. I'm trying to free up some more funds for more shares. Until I get word that the fundamentals are screwed up somehow and there's a good explanation for this mass sell off, this is an easy buy. $TGZ
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@FundamentalAnalysis @enviro111 $SMF gets smashed all over the place......took a big smashdown since summer....don't think there is much overhang with $TGZ no warrants out which is good.
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@FundamentalAnalysis @enviro111 $SMF gets smashed all over the place......took a big smashdown since summer....don't think there is much overhang with $TGZ no warrants out which is good.
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@Ruffus23 $100 million in cash!!! Any chance the buys back shares at deeply discounted prices? I believe they raised capital at $1.05 a few months back. At this price they could buy back a third of the company. Alternatively they could explore buying out undervalued and discounted neighbours. Orezone perhaps? This is a "golden opportunity"
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@Wannabeinvestor Yes, orezone, pls
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@mountains_of_glory $CNL short position has jumped to 1.3% from .65%. $TGZ has gone to .09% from .07%. Doesn't this say it all? #gold Edit: for what it's worth, the last time the short position was very elevated at 1.98% was in mid May of 2016. This turned out to be an excellent buying opportunity.
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@Wannabeinvestor @Lukejackson posted this: http://themacrotourist.com/macro/the-real-message-from-the-gdxj-mess the best analysis on GDXJ that I have seen to date. Pretty clear why $KDX $TGZ or $CNL are down so much. This is an excellent opportunity to accumulate quality juniors right here.
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@Ihostlong @Wannabeinvestor yes but given that the issieus wont be fixed soon, (excluding spot price movements), its likely well head lower more. So waiting is advised $kdx $tgz $cnl
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@Bimbeebop Question is WHEN LePen wins the French election, will the euro tank causing a domino effect in the markets. Gold could gap to the upside? $TGZ $GQC $SSP $MXL
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@Vaughan Just wondering @Bimbeebop, have you ever been to france?
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@Vaughan My bet: fillon and macron go to the second round. Le Pen has a lot more baggage then you might think, and melenchon, forget it. France is not the US. This said, if Le Pen did win, it would most likely cause a shitstorm, but she would not garner enough support to make any real change, nor would she garner enough support to stay in power. My .02c
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@Wannabeinvestor @ihostlong, what you do not know is how much of the selling in these juniors has already been done by $GDXJ and I would think that any sensible investors will want to start accumulating when one sees good value offered at a big discount. At some point between now and June 18 the momentum will reverse and the stock will rally and then you have to chase. Not saying use up all your gunpowder right here and now, but I would think a lot is already priced in. I actually bought both warrants and stock in $CNL y'day and prepared to add more. also stink bidding in $TGZ $KDX, and I am starting to think that I should be doing the same in $AKG and $RIC. I'm short $JNUG, $GDXJ and $USLV at the same time. Moriarty called this correction, again. The man is a genius.
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@SamJones @Wannabeinvestor You posted: "what you do not know is how much of the selling in these juniors has already been done by $GDXJ and I would think that any sensible investors will want to start accumulating when one sees good value offered at a big discount." Of course, an even more sensible investor will be trying to work out which new stocks are going to be added to the new #GDXJ and start accumulating those. Great idea - if only I had a clue what companies they are going to be.
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@Onlyflaws @SamJones This article gives some kind of idea: TD’s index research group’s projected flows: http://themacrotourist.com/macro/the-real-message-from-the-gdxj-mess
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@Onlyflaws For teranga it would be -0.63% weighting from 0.99%, leaving the weighting to 0.33%.
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@Onlyflaws With average trading volume of Teranga, it would take almost 16 days to do the selling.
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@Wannabeinvestor @SamJones, the best long ideas which do not feature in GDXJ now but very likely will are $DGC and $LMC. Both are cheap, btw.
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@SamJones @Onlyflaws @Wannabeinvestor - Thanks for the ideas. Sorry about not getting back to you sooner: I missed your posts.
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@FundamentalAnalysis Good quotes @Jayfire I was looking at other west african plays which have the potential to grow rapidly and excluding the well known names like $EDV. I think $AKG is interesting given the large price drops but not looked into in detail. Deposit is large however and ghana based with expansion potential...ghana gave out some bad news recently. $GSC looks interesting. Then you have $PRU which is in a bit of a mess, and Brent cook doesn't like Edikan geologically but imagine once that is fixed..... $SMF is up there but a lot more expensive. and finally there is $TGZ. Other companies are really only single asset focused.....is there anything I'm missing? Which other west african plays have more then just 1 project perhaps $HUM.L is the other but liberia project is more marginal and long way away. #aufrica
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@FundamentalAnalysis I believe @brandon had the feeling $TGZ could be it. I think getting the results for Banfora is going to be important. I'm hoping they are able to prove up a fair bit of ounces so that is becomes large long life asset like sabadola.
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@Ruffus23 Selling seemed to stop today. Hopefully onwards and upwards. Traded in some more edv for TGZ today.
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@Bimbeebop @Vaughan No I've never to France
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@Bimbeebop @Vaughan That is, I've never been to France
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@Vaughan Well prior to todays terrorist attack in Paris, i would have said LePen has little chance. Chances just got substantially better
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@Bimbeebop @Vaughan LePen has almost 40% of the millenial vote alone. The migrants fill the streets of Paris at times, shutting down traffic to put prayer rugs down. There are terrorist attacks everyday throughout Europe. Huge "no go zones" everywhere. Gang rapes, fires, riots, priests being executed in their own churches in front of their congregations. It is much much worse than most people think. The media and EU in collusion with facebook, youtube and google are charging citizens including LePen herself with hate crimes for simply being against taking on too many migrants. Citizens are being displaced out of public housing to make room for more migrants. This is a catastrophic situation.
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@Wannabeinvestor So we can only conclude Le Pen ordered the hit last night.
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@Ihostlong @bimbeebop i am a european and i absolutly disagree, and the millenials are more left wing then ever and for good reasons. Look at Melenchon in France, he has the young vote.
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@FundamentalAnalysis Guys take this convo out of the $TGZ room and to the index, but whilst we are at it, as a european from my experience a lot of the millenials are very left wing.
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@MiningBookGuy @Brendan RE: https://ceo.ca/mbgtrends?9fdc56ad699f - great $RSG.AX summary! I really haven't analyzed the numbers closely on the various mid-tiers (though I know $TGZ better than the others). But I agree with the relative comparisons, and would also kind of put $SMF in the same boat as $RSG.AX in terms of being chosen as a 'premier producer', as you say. I think #Mana for $SMF in #BurkinaFaso and #Syama for $RSG.AX in #Mali are chosen as elite assets, while #Sabodala for $TGZ in #Senegal and #Edikan for $PRU $PRU.AX in #Ghana are the next tier (though isn't it funny how all these 'core' assets are comparable, and each in a different country in #WestAfrica?) Anyway, I would easily bet on $TGZ out of all of these for many of the reasons already discussed. But it's very interesting to compare, and $RSG.AX at least seems aggressive with exploration. I consider $TGZ and $RSG.AX to be the most 'dynamic' of these 4 choices, though $SMF could definitely surprise (they are the most tight-lipped about their plans in general). And as another comparison to your $RSG.AX holding - I sold some $EDV on the way up, and wouldn't buy now. But I will keep holding the rest of my shares, as I think it will continue to receive a premium. ~AUfrica #mbgtrends
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@joshgs Hmm I still haven't pulled the trigger on getting back in $TGZ. I'm really liking how cheap it is now, to wait or jump.
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@FundamentalAnalysis @joshgs Good patience...I only waited for it to drop 10% to add more....should have waited longer....but I'm ready to buy again if it goes into the lower half of the 60s.
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@Ruffus23 Should be interesting earnings presentation next Thursday. Can think of a few questions I would ask.
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@MiningBookGuy Teranga to build Banfora project in Burkina Faso www.northernminer.com/news/teranga-build-banfora-project-burkina-faso/1003785693/ $TGZ #gold #BurkinaFaso #Senegal #IvoryCoast #WestAfrica #Africa ~AUfrica #NorthernMiner #mbgtrends #index Good updated overview of the company. I like this quote at the end: [Meanwhile, the company is also evaluating M&A opportunities. “There are a number of junior explorers and developers that are looking to determine the best path forward. Because as we stand today, the equity markets are largely closed for the junior explorers and developers. So there may be additional opportunities like the Gryphon transaction … that will help us grow the company in a strong mid-tier West African gold company,” Young reveals.]
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@Ruffus23 Looking up. At least not $smf. 20% haircut today.
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@joshgs There back in $TGZ can't resist buying in at the yearly lows. lets get back to the 0.80S quick now.
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@racker Teranga Gold – Gold Producer With Exploration And Growth Upside http://fifighter.com/precious-metals/2017/04/teranga-gold-gold-producer-with-exploration-and-growth-upside/ $TGZ
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