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@FundamentalAnalysis $GQC $TGZ $USA I would say are reasonably safe in terms of lowish downside, moderate upside. #Safestockpickingcontest
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@Excelsior Here are the 2016 #AnnualPerformanceCharts for #Gold #Miners #Index (Dec 30,2015 - Dec 30, 2016) 1) This first chart shows the annual performance of the #Major #Gold #Producers $G $ABX $K $NEM $NCMGY $GFI $RRS.L $AU $AEM $SBGL http://stockcharts.com/freecharts/perf.php?G.TO,ABX.TO,K.TO,NEM,NCMGY,GFI,RRS.L,AU,AEM.TO,SBGL&p=5&O=011000 2) This second chart shows the annual performance of more #Major #Gold #Producers & #Streamers $HMY $AUY $POLY.L $ACA.L $RGLD $FNV $SLW $SAND $OR http://stockcharts.com/freecharts/perf.php?HMY,AUY,POLY.L,ACA.L,RGLD,FNV,SLW,SAND,OR&p=5&O=011000 3) This third chart shows the annual performance of #MidTier #Gold #Producers ( #MidTier Gold companies sorted #Alphabetically ; doing all the stacked rankings was too cumbersome) $ASR $AGI $AR $AKG $BTO $BAA $CEE $CG $CGG $DGC http://stockcharts.com/freecharts/perf.php?ASR.TO,AGI.TO,AR.TO,AKG.TO,BTO.TO,BAA.TO,CEE.TO,CG.TO,CGG.TO,DGC.TO&p=5&O=011000 4) This fourth chart shows the annual performance of more #MidTier #Gold #Producers $DRD $DPM $DNG $ELD $EDV $GCM $GUY $HGM.L $IMG $JAG http://stockcharts.com/freecharts/perf.php?DRD,DPM.TO,DNG.TO,ELD.TO,EDV.TO,GCM.TO,GUY.TO,HGM.L,IMG.TO,JAG.TO&p=5&O=011000 5) This fifth chart shows the annual performance of more #MidTier #Gold #Producers $KL $KDX $MND $MUX $OGC $ORV $PAF.L $PRU $P $RIC http://stockcharts.com/freecharts/perf.php?KL.TO,KDX.TO,MND.TO,MUX.TO,OGC.TO,ORV.TO,PAF.L,PRU.TO,P.TO,RIC.TO&p=5&O=011000 6) This sixth chart shows the annual performance of more #MidTier #Gold #Producers $ROG $SMF $TGZ $TXG http://stockcharts.com/freecharts/perf.php?ROG.V,SMF.TO,TGZ.TO,TXG.TO&p=5&O=011000 ** Unfortunately, I could not get stockcharts to pull up some of the #AussieStocks and other foreign exchanges but here were other #MidTier #Gold #Producers that would have been nice to include: $BDR.AX $DRM.AX $EVN.AX $KCN.AX $KOZAY $MML.AX $RTSD.F $NST.AX $RMS.AX $RRL.AX $RSG.AX $SAR.AX $SLR.AX $WGX.AX
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@Finanzr Sorry - only by phone,so my last post came out wrong... My top picks for the #stockpickingcontest are: $tgz $efr $axu
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@Excelsior 5 #Junior #Gold #Miners with Low All-In Sustaining Costs #AISC Posted By Smallcappower - December 14, 2016 $GCM - Gran Colombia Gold $EDV - Endeavour Mining $TGZ - Teranga Gold $AR - Argonaut Gold $BAA - Banro Corp http://smallcappower.com/analyst-articles/5-junior-gold-miners-141216/
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@marketwired Teranga Gold Beats 2016 Production Guidance and Announces Details of Q4 2016 Conference Call @marketwired/teranga-gold-beats-2016-production-guidance-and-announces $TGZ $TGZ
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@PhotoJ OK... are you guys buying $NXE $NXGEF here? It appears most of you are sitting on very nice gains at the moment - try to imagine you're currently on the sidelines with no exposure to #uranium. I got burned earlier in the year buying gold/silver miners near the highs after getting turned onto natural resource speculation, so naturally I'm hesitant to chase anything up. Luckily had the balls to throw more cash into a few gold/silver $AXU $BCM $CANWF $GQC $AG $TAHO $TGZ and $dnn pretty much at the December lows. Let's say #uranium spot price stays the same all year - is $NXE $NXGEF still a good bet?
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@MiningBookGuy New #MiningBookGuyTV: $SWA - Sarama Resources - Incredible Value/Location as Gold Miners Consolidate in Africa https://youtu.be/RaANyHF1Yd8+ special shout-outs to @TheWealthMiner @TheDailyGold @JayFire @Goldfinger! This is LONG. But there are multiple sections. Check the youtube notes, and you can click what’s most relevant to you. I’m very open to discussion on ANY of this! PS - oh, and a #LoadUp dedicated to Mr. @HRA-Coffin ;) https://ceo.ca/index?8d0efb64701a #DYODD $SWA #gold #exploration #DrillPlays #ConsolidationPlays #BurkinaFaso #WestAfrica #Africa $EDV $ACA.L $TGZ $TGZ.AX $SCA $NXS $WAF $WAF.AX $ORE $SMF $ROG $THX #SouthHoundeBelt #RossBeaty #mbgtrends
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@MiningBookGuy @Chops - #2 (btw, i'm missing a bit of my opinion on this, but you or anyone else can always talk to management for the most updated and correct thoughts) 2. CIL Mill/Plant with satellite deposits that get trucked to it -ok, i might have messed up that terminology. but this was ALSO key in that Bondi allows the possibility of this option. The SouthHounde JV is truly the 'center-of-gravity' here, and everything else are satellites. If you look at $SCA, it's a few relatively high-grade, small deposits. Bondi is also small. But SouthHounde has already proven to go DEEP. So this option allows for sulphide ore to be used, and can increase the production rate to ~100k-120k oz/year (and i believe this in the powerpoint, but i'll check on that later). this is a very compelling option, because $SWA could do this on their own like the small oxide heap-leach, BUT now it would be large enough to really interest mid-tiers or possibly seniors (i'd imagine this wouldn't be too different from $GRY.AX Banfora project that was acquired by $TGZ). but again...this is on the back-burner, IMO, because of the potential for BIG moves to come in, and all that activity i discussed in the video... but before moving on to that point, i want to emphasize this option really makes $SCA Savary seem second-tier, because $SWA Sarama is in control...and i think this is exactly true, and the Bondi acquisition was super key. To my understanding, Bondi has excellent sulphide. so even if it's small, that's what could have really made the economics work...
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@MiningBookGuy @Chops - but despite all the stuff i just wrote, i think we're clearly moving hard towards #3. and it has to do with the stuff i touched on in the middle of the video with $ACA.L / $EDV / $TGZ I don't have enough experience as a speculator to really understand how districts form, and how the really BIG projects work out. But what's extra exciting here is the combination of KNOWING that $SMF has this incredible district/camp in the North part of the Hounde belt, and they just keep finding a ton of gold. All along, I think $ACA.L has been 'hoping' to duplicate this in the south...and $EDV just had this really nice deposit in the middle. But whether you look at $ROG or $EDV or $ACA.L, it didn't seem like there was anything that would approach Mana/ $SMF in the north... But NOW, we've got this 'crazy' news of a possible $EDV / $ACA.L merger, and so i'm pounding the table that $SWA is the best placed of all the juniors to take advantage of this. Still, what will this look like? Well, for sure, $EDV has this ~200k oz/year 'flagship' #Hounde project in the middle. IF a main aspect of this merger is to consolidate the rest of the Hounde belt ( #SouthHoundeBelt ), could this somehow turn into a 'super-mine', and get to ~400k+ oz/year if they do discover a bunch more gold on $ACA.L's area? I really don't know how that would work...but I DO know that they would really, really want to buy $SWA out in that case. But then there's the smaller company aspect with $TGZ ...and if they make a discovery with Golden Hill (which really could happen in the coming months), then Bondi is again crucial, and maybe if $EDV and $ACA.L stuff doesn't work out so well, $TGZ sneaks in and does something with $SWA....or $ACA.L still moves forward as if $EDV isn't involved, and in that case $ACA.L is combining all the satellites, but MAYBE there's a discovery with the $THX earn-in (which seems the most prospective outside of what I've discussed so far), and it makes them even more aggressive to consolidate. But the SouthHounde JV is likely the center-of-gravity in that case... ok, getting complicated, i'll wrap up:
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@MiningBookGuy Sarama sees something big in South Houndé http://www.mining-journal.com/gold-and-silver-investor-hub/gold-and-silver-investor-hub-resourcestocks-company-profiles/sarama-sees-something-big-in-south-hounde/ $SWA #SouthHoundeBelt #BurkinaFaso $EDV $ACA.L $SMF $ROG $ORE $TGZ $TGZ.AX $THX #Kalgoorlie #Australia (hat-tip @wilwal from #stockhouse) What a FANTASTIC coincidence & article! I had no idea #AndrewDinning was doing an interview with the #MiningJournal right now, basically covering the same stuff I covered in my new video ( https://www.youtube.com/watch?v=RaANyHF1Yd8+ ), but far more professionally. This is MUST-READ if you have any interest in the emerging #SouthHoundeBelt #district. Best article that has ever been published on $SWA! Also, take note of the great #map in the middle of the article with sub-header "In control: Sarama is the dominant consolidation force in the district". Here's a screenshot of that: http://cdn.ceo.ca/1c8mq93-Sarama_Consolidation.png+
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@Excelsior @FundamentalAnalysis @Jayfire and @MiningBookGuy - Agreed guys. I haven’t kept up with $PRU $PMNXF Perseus for a year or so. Someone else was just posting about it on another blog, and when I opened my email and saw that, I just figured some folks in the #Gold or #Africa rooms or the ~AUfrica panel may appreciate the update. ***For the record, I post things about stocks all the time that just seem significant, and it doesn't mean I own that stock or am pumping it or whatever. I'm here for an exchange of ideas on companies worth following, and not all of them are worth owning. Yesterday I linked an audio interview from the #KER on $GPY Golden Predator, in the spirit of sharing a unique overview from that site, and people started drilling me about their old royalties. I was just sharing the info and don't have any shares in it either.*** As for $PRU Perseus, I used to own it but abandoned ship in early 2016 when it just seemed to have too many headwinds (and frankly, too many shares out) and it wasn’t really responding like other mining companies were in that rally The company could become a great #turnaround story if they’d roll those shares back and reboot. If they did they could emerge in a stronger mid-range like $EDV Endeavour Mining. For my #WestAfrica interests I went with $TGZ $TGCDF Teranga Gold, $HUM.L $HUMRF Hummingbird Resources and $AVK $AVNZF Avnel Gold. I’ve traded $ROG $ROGFF Roxgold in the past as well. Those are all #Production and #Development stage companies, but I am watching a number of the African #Explorers as well. #mbgtrends #Index
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@MiningBookGuy thanks for that great post @Excelsior! i appreciate you still posting to ~AUfrica...i forgot to on a few today, and i will try to comment/re-post some things later this weekend. and all your detailed posts are appreciated! it's great to share info on companies you don't own or don't even 'plan to own'...because you never know when something 'clicks' and you can get interested! For me, examples are $ORG $CANWF and $TGZ $TGZ.AX $TGCDF ...it took me many months to eventually buy them, and it's posts like yours that are invaluable to the DD process! :) #mbgtrends
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@Excelsior @MiningBookGuy - It was fun recently looking over some older maps of #BurkinaFaso and the hive of activity and number of #Gold mining projects in their pro-mining jurisdiction. http://www.iggsarl.com/wp-content/uploads/2015/04/BFGoldMines.jpg+ In particular this older #map was helpful as it showed the different Mining companies working there with True Gold (now owned & acquired by $EDV Endeavour Mining), $ACA.L Acacia Mining $BTG B2Gold, $SMF Semafo, $IAG IAMGold, $RTSD.F Nord Gold, $ROG Roxgold, $ORE Orezone, $SCA Savary Gold, $SWA Sarama and $WAF West African Resources just to name a few of the players. Amara was acquired by $PRU Perseus and Gryphon was acquired by $TGZ Teranga Gold. This map makes it easy to see the Hounde South and South Hounde deposits being worked by $SWA Sarama Resources. Sure, the map is a bit dated, but still.... it gives investors a lay of the land of how much is going on in #BurkinaFaso. #Africa ~AUfrica #mbgtrends http://www.burkina-emine.com/wp-content/uploads/2016/05/Cartes-gisements-BF.jpg+
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from ~aufrica,
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@Gab @Excelsior - Thanks. Intrigued by the veins. The structural set up is very positive and is very suggestive. Of course they need to drill some results. Still waiting for $TGZ to lift up and $SOI to gave me more good results. Doucet is planning 35 000 m drilling this year. Sirios is just in my backyard :). http://www.lafrontiere.ca/actualites/economie/2016/6/9/un-autre-gisement-dor-de-classe-mondiale-existerait-pres-deleono.html
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from #nxs,
@marketwired Teranga Gold Achieves Strong 2016 Operating Performance @marketwired/teranga-gold-achieves-strong-2016-operating-performance $TGZ $TGZ Achieved production of 216,735 gold ounces, surpassing guidance of 200,000-215,000 gold ounces 
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@Excelsior Very nice $TGZ results for 2016. #SafestStockPickingContest
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@Gab About the Conference call : Ounce again Richard Young and crew can’t promote this stock. Hope that Mimran and Tablo decide to buy this whole company.
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@FundamentalAnalysis @Gab To be honest, despite holding this stock, I've always said it is a marginal producer although stable. AISC of around $950 and I can't recall if that includes the stream costs isn't world class economics. $TGZ has a tremendous amount of potential and will rise sharply, once gold gets going. It also has a good portfolio of projects/targets proven ability to replace ounces and financing sources so the upside is there, but not quite at this gold price unfortunately.
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@FundamentalAnalysis A company which can survive, but not make a solid margin at this price level doesn't really deserve a huge premium. However I know other gold producers relative to $TGZ are overvalued, so on a relative basis this should be a lot higher, but on an absolute basis the other producers should in fact be lower.
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@MiningBookGuy $ORG - there's clearly some of interest in this company, but not too many comments (though thanks @Empire and @martin for providing a few). I'm reposting back-to-back NRs releases today and yesterday for the ~AUfrica panel (particularly relevant as I'll explain below). I think MANY new people will 'discover' this company later in the cycle. But I'll give you one REALLY good reason to start paying close attention now: The 2 NRs: @marketwired/orca-gold-acquires-exploration-assets-in-the-cte-divoire @marketwired/mineral-resource-update-for-block-14-gold-project The 2nd NR is great, and a continuation of "pre-PFS" work for the #Sudan #gold #development project. Much of this is documented in the $ORG room. #Sudan is getting better in both perception and reality (even if some refuse to believe this). #Water is likely the primary issue, and hopefully here some positives on this in a future NR. But the MAIN reason to start paying attention now is the first NR, where FINALLY $ORG has diversified into a 2nd country, one of my favorite 'emerging jurisdictions' in #WestAfrica, The #IvoryCoast. This is VERY exciting! The best summary is in this picture from the NR: http://media3.marketwire.com/docs/4505Orca.jpg+ HUGE potential land package here, some $ORG is getting on their own, and some from $K, who is now becoming a strategic shareholder (assuming this deal goes through). Intuitively, I'm most excited about the land adjacent to Tongon in the north, which is $RRS.L #Randgold's mine in #IvoryCoast. Keep in mind that Mark #Bristow is repeatedly on record saying #IvoryCoast is the most exciting jurisdiction in all of #Africa for #gold #exploration right now. incredibily, there are very few companies juniors exploring here. But the mid-tiers & majors prove interest is great, I'll list a few: $RRS.L $PRU $PRU.AX $TGZ $TGZ.AX $EDV $RSG.AX $NCM.AX ...and the only other Canadian listed junior explorer/developer I can think of is $MARL $MARL.L. Anyway, $ORG immediately becomes the 'go-to' junior for #IvoryCoast #exploration exposure ($MARL is very interesting, but a lot more value tied up in Hot Maden in Turkey, so it's not as good of an 'ivory coast exploration' bet right now). In addition, this immediately de-risks $ORG with 2 separate jurisdictions. it immediately brings up thoughts of " #RedBack Mining 2.0" (which was already happening, but now solidified...keep in mind Redback was in #Mauritania and #Ghana). AND just the fact that #IvoryCoast is arguably the best place in #WestAfrica to find elephant deposits (and doesn't hurt the elephant is mascot for the national soccer team!). ok, getting off topic with that last one, but this news was worthy of a write-up, and i hope a few new people start paying attention! #index
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from ~aufrica,
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@Finanzr I was pondering over this stock in Dec, but decided to buy $CDB and add to my position in $TGZ instead. Boy did I miss out on something...
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from #au,
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@FundamentalAnalysis @Alan No probs. With the assets more then liabilities concept. Just a heads up that you gotta be careful because the value of the assets should be based on what $ value can be extracted from the mine straight to shareholders i.e FCF. Certain stripping costs are capitalised, and technically stripping costs are just costs for removing waste so in my view it should just be an expense, but its capitalised to smooth out the earnings over the life of the pit or mine. More an accounting point, I read these statements very carefully.....I had the same thought with $TGZ initially, trading well below book value, but they have very high stripping costs so some of the assets are not real assets. Whilst the liabilities are often real liabilities i.e debts. Still $NGD and $TGZ are sensible speculations especially if you believe in a rising gold price.
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@Finanzr Any thoughts on the subdued reaction of shareprice on the recent spike in goldprice? $TGZ did not really move anywhere in the last week(s)... My expectation is, that this company should react more heavy than others to a rising price. Or will it trade at a discount for some time due to the higher cost structure and move later (possibly more violently)?
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@Onlyflaws There are a lot of shares out that could effect the share price reacting violently. That said, I think its opportunity to find miners that have not yet participated to the rally.
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@Mr.Smokey It did rebounce a bit more than other stocks from the dec lows. But now, I also wonder why it lags behind. Possibly an opportunity?
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@Gab Just hope Tablo or Mimran buy the company.
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wannabeinvestor Break-out in $TGZ soon unless the sector reverses first.
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@MiningBookGuy @Finanzr @FundamentalAnalysis @Onlyflaws @Mr.Smokey @Gab - thanks for sharing thoughts on $TGZ. i bought some recently at 0.88 CAD and satisfied with my purchase. everyone should keep in mind the last raise was a huge success at 1.05 CAD and Mimran was buying like crazy immediately afterwards. i do think this is one of the best mid-tiers to accumulate right now (though I agree with @fundamentalAnalysis there is risk if the gold price drops and perhaps some operational risk). but they have a very nice cash position, and i think the market undervalues their exploration opportunities (much of it #greenfields). i am fine with this one trading sideways for a while, but i do expect them to 'surprise' the market, whether it's with a discovery or an investment in a junior or two in #WestAfrica (if no one caught it, Richard Young specifically mentioned he wanted $TGZ to become the $AEM of #WestAfrica in a webcast, which implies strategic investments in early-stage juniors, which i think is a GREAT idea...we'll see if this gets executed soon enough!)
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@Finanzr @MiningBookGuy thanks for your thoughts. I already have a good position in TGZ and might add upon dips in the .80 range. Mimram was buying like a mad-man!
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@Wannabeinvestor what are the chances that Harmony is eyeing $TGZ?
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@Excelsior Teranga Gold $TGZ $TGCDF – What The Analysts Are Overlooking Feb. 2, 2017 – Gold Panda - #Gold #Production #WestAfrica Summary in the article: – “Teranga seems undervalued and there are some major catalysts for the company that analysts have missed. – funding of Banfora, Sabodala mine plan and nearby projects as well as major shareholder activity. – A brief look at Teranga’s 2017 #exploration program….” http://seekingalpha.com/article/4041853-teranga-gold-analysts-overlooking?auth_param=c9otd:1c961q6:870554f64681782b90c5e29063fc368d&uprof=45
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from #index,
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@Highheat @Excelsior Thanks for all your good work! I was able to build a nice position in $TGZ which I have owned several times in the past but liked the info you shared last night.
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@Excelsior @Highheat - glad to share ideas and yes Teranga is a class act and is one of my #SafestStockPickingContest entries :-). I posted this at the end of last year, but here is a good $TGZ $TGCDF #VIDEO overview and #CorporatePresentation Swiss Mining Institue (23/11/16) : w/ Richard Young - Teranga Gold CORP. https://www.youtube.com/watch?v=oQZo7hxHfnk+
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@Excelsior $TGZ $TGCDF Teranga Gold: What To Do Now? Feb. 1, 2017 Gold Mining Bull- Seeking Alpha "As of writing, Teranga has a cash balance of approximately $95 million, with no debt. So combined with its cash flow, Teranga has enough cash to advance Banfora to construction, with upfront capital requirements very low at $85 million." "Teranga remains an excellent growth stock to own in my view. By the middle of 2019, Teranga is estimated to produce more than 300,000 ounces of gold, with AISC falling to the low-$900's. As mentioned, upfront capital is very low at Banfora and Teranga will continue to optimize production at its producing Sabodala mine. The company could also be a strong takeover target for a larger miner that is looking to add low-cost production and future growth." http://seekingalpha.com/article/4041370-teranga-gold-shine-2017#alt1
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@FundamentalAnalysis Good post @Excelsior Yes, Teranga still remains a relatively undervalued play. Do you think they can boost their free cash flow. A lot of their positive cash flows, seem be re-invested. So their Free cash flow levels seems to be relatively slim. Hence why I've maintained my argument that although the main sabadola project has good size, and the company has no risk of going under, sabadola is a little bit marginal. I know they are spending on other things, including exploration, but I would like to see cash flow investment costs (especially on the sustaining capital portion) to come down. This should fly off, if gold prices go beyond $1250, everything should be going to the bottom line with sufficient margin. At least they have the money to advance Banfora, hopefully they can execute that successfully (history says they can), that should be a very good catalyst. Disclosure: I own teranga (but you will notice I still post both the negatives and positives despite owning the stock).
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@Finanzr @FundamentalAnalysis I very much appreciate your critical comments. I think it is important to look at both sides of a deal: positive AND negative. Only then one can judge on which side of the table one wants to sit... I think this is what makes CEO.ca so valuable. So keep it coming! :) I do like the management and story behind $TGZ and bought in because of the leverage towards a rising gold price it should (!) offer.
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@Excelsior @FundamentalAnalysis and @Finanzr - Great comments, and yes, it is good to be critical of companies, to "Inspect to know what to Expect", and I still like using the old school SWOT analysis (Strengths, Weaknesses, Opportunities, and Threats). To be clear, no company or management team is perfect, and all companies could use a few tweaks here or there, or light shone in an area or two that could be a concern. The key is to look at things dispassionately, without doing "Smear" campaigns, making outlandish claims, trash talking management, or overly hyping certain management teams just because they were successful once or twice in the past. It is definitely a balance that must be struck. For $TGZ $TGCDF Teranga, the complaint from some investors is that their AISC is creeping up for 2017 and that they're spending to much of the revenues coming in. Those same investors seem to miss the fact that they are spending some dough in 2017 to fast-track Banfora (from the Gryphon merger) into production by early 2019. I'd much rather see real growth, than companies simply high-grading their deposits (and depleting their futures) just to show cash-flow for a year or two. I'd rather bet on the team growing their future production and expansion. Banfora isn't just a few cute drill holes and a marketing campaign (like so many exploration companies); but rather, it is a well understood brown-fields development project, and unlike most companies projects, it is actually going to be a mine soon. [a novel concept]. There is a lot of work to get all the definition drilling, metallurgical testing, and build- out completed in 2017 & 2018 so they are pouring gold in 2 years. This is why they raised cash, and why their AISC is creeping higher this year, but it is not because their costs aren't under control, or from bad management; but rather to increase their growth profile, and ultimately lower their AISC for years to come. I would argue that people in the marketplace, that have only half glanced at things, were likely not listening carefully on their quarterly conference calls, haven't seen them unpack their corporate presentation in person and field those questions, and haven't read all their news releases and quarterly reviews as to what their strategy is. They just see the number raise for the AISC and didn't explore WHY that was happening, and what the end goal is. Teranga raised money at higher levels than their current share price = well executed capital injection. They are cashed up to take Banfora into production, and as you mentioned @fundamentalAnalysis - they are also still doing some targeted exploration and development around their existing mines (to expand mine life) and other secondary and growing exploration projects. @Finanzr - You also nailed it by mentioning how much leverage they have in production (on a percentage basis) when gold gets up in the higher 1200's and low 1300's or higher. As we've discussed on here before, these kinds of situations allow for much larger moves in share price appreciation as the metals rise (compared to the larger clunkier Majors and Mid Tiers that don't see as much movement due to logistically being spread out all over the planet, with older depleted mines, rising labor costs, and a more muted shareprice move). The other thing is that large companies like the Barrick's or Goldcorps are followed by dozens of analysts and tons of eyeballs constantly dissecting their valuations. As a result, they are more properly valued, and stay that way, offering less movement to trade. Smaller Jr miners, are more thinly traded, not followed by as many, and often misunderstood by the marketplace. This allows a value/perception gap to form and an arbitrage between current share price, and where the share price would be if it was in alignment with it's peer group mean. If many investors looked at other companies with a similar Production/Development/Exploration profile that are much more bloated in valuation, and then looked at where Teranga is trading today, it would be clear that Teranga has much more room to the upside. From my limited perspective, they are cashed up, have little to no debt, are producing like gangbusters, and developing Banfora into a mine that will have an AISC under $900 in the high $800's and their overall output in 2 years will be over 300,000 ounces per year. That will put them on more radar screens, and at that point throngs of analysts will be following them as a serious player in West Africa. Right now, few seem to realize their growth potential, and that smells of upside leverage to me. :-)
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@Finanzr @Excelsior BAM! Thanks for this nice write-up. Seems like with think about $TGZ very similarly. :)
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@Excelsior @Finanzr - It's fun to track these emerging success stories, but also to watch out for the pot holes and detours on the journey forward. Cheers!
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@FundamentalAnalysis @Excelsior @Finanzr Great post and comments, and that's why I'm still in this company. The strong balance sheet also gives us leeway to switch out if we wish to pursue another opportunity, and there is unlikely to be any surprise sharp share price drops over and above gold prices falling and should gold prices fall its not just teranga thats going down its the rest of the gold miners too.
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@Excelsior @FundamentalAnalysis - Agreed, moving forward its moves should track the gold prices due to their solid production, but of course, like most miners, I'd expect it to be a multiple off of the movements in gold. Most Jr miners track about 3:1 4:1 in their movement over the actual spot price. So if gold goes up 10%, then I'll expect them to go up at least 30-40%. When the wind gets in the sails of a particular story then it can move more in an even more extreme fashion, and when that happens it won't surprise me to see these miners like Teranga move up 100-300% on a nice price run. Teranga is also starting from a much lower valuation relative to it's peers (like Roxgold or Endeavour Mining or B2Gold) so it has some more catching up to do, just from a re-rating standpoint.
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@Oldscaler Any thoughts anyone on $TGZ Teranga Gold. Info on Kaiser Reports appears company in very good shape financially and appears under valued.
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from @oldscaler,
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@FundamentalAnalysis Thoughts all above @Oldscaler. Past $1250 gold this will accelerate upwards. Below that it will just hover/move down until newsflow comes out in the form of exploration updates and the resource updates at Banfora. (Ivory coast project). Financially the balance sheet is solid. The main project sabdola operationally is also solid, just not puking out cash at these gold prices, but further it goes aboe $1250 we are gonna see a big change. The upwards movement will speed up that's my prediction. I would say it is definitely undervalued compared to other players.
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@marketwired Teranga Gold Looks Ahead to Growth Opportunities in 2017 Following Strong Performance in 2016 @marketwired/teranga-gold-looks-ahead-to-growth-opportunities-in $TGZ $TGZ
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from #newsroom,
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@Excelsior $TGZ $TGCDF Teranga Gold Looks Ahead to Growth Opportunities in 2017 Following Strong Performance in 2016 (Marketwired – Feb. 23, 2017) – #GOLD #PRODUCTION #DEVELOPMENT “In addition to exceeding our full year production and cost guidance, we undertook strategic actions in 2016 which have opened up significant growth opportunities for us,” stated Richard Young, President and Chief Executive Officer. “For shareholders, Teranga offers meaningful upside potential, backstopped by a robust production profile, a strong balance sheet, and a supportive cornerstone investor. These are exciting times.” https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1043-tsx/tgz/29598-teranga-gold-looks-ahead-to-growth-opportunities-in-2017-following-strong-performance-in-2016.html
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@FundamentalAnalysis With Gold approaching $1250, I'm expecting companies like Teranga to start accelerating their upwards moves. $1350 gold. Teranga will be easily back to 1.4 I reckon.
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@MiningBookGuy Interesting news on $PRU $PRU.AX to repost to ~AUfrica: Chairman of Perseus Mining Limited to retire @marketwired/chairman-of-perseus-mining-limited-to-retire This is easy to overlook. While I've been disappointed in $PRU relative to other emerging mid-tiers, they still have some very interesting growth prospects, with focus in #WestAfrica. Notice that Sean Harvey, incoming CEO, is also Chairman of $SWA. A project similar to what $SWA has in the #HoundeBelt / #SouthHoundeBelt would be a perfect size for a company like $PRU right now: Sissingue is on the 'smallish' side, and Yaoure not only needs to be advanced further, but is huge CAPEX relative to $PRU's current overall size (but in #IvoryCoast). $SWA's cluster of projects is similar to what $GRY.AX had at Banfora in current size (both in #BurkinaFaso). And keep in mind $GRY.AX was acquired to instantly turn $TGZ into an emerging mid-tier. $ACA.L is still by far the most likely acquirer of $SWA at some point...but I hadn't really thought of $PRU in the running until now. That is significant. There's more to say. But this is a PERFECT example of the type of news that's easy to overlook, but could change momentum for a company (maybe Sean Harvey will have much more influence as Chairman instead of just being on the Board, and he's a significant shareholder in $SWA). Also interesting to note that Sean has been Chairman of $VIT and many other companies for a while.
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from ~aufrica,