$TGZ 0 online
Members of #tgz
Moderators
Members
click to invite
@EvenPrime @excelsior i've been meaning to look at $TGZ so im glad to get that unfo from you. Im looking at selling off most of my portfolio over the next month and hope to hold just core positions. I've been quite risky this year (been great) and need to relax before I get burned
2
from #index,
click to invite
@FundamentalAnalysis @excelsior please Can you kindly give us a run down on the Gryphon acquisition more specifically as their banfora project is one you were familiar with previously. Do they have a lot of exploration potential for example?
1
click to invite
@FundamentalAnalysis This is an old BFS for banfora....we are looking at 5m+ oz in a higher gold price environment. So the quantity of gold isn't the issue in the region. http://www.asx.com.au/asxpdf/20130131/pdf/42cq2c696885kz.pdf
0
click to invite
@FundamentalAnalysis So a bit of optionality which is good. It's important to have those ounces, as that is what will give us the extra ping, as gold prices go up
0
click to invite
@Excelsior Hi @FundamentalAnalysis - Sorry for the delayed response on $TGZ, but I've been in meetings all day and just got time to check in on market news and how the ceo.ca crew was doing. Sabodala is Teranga's main producing asset & plant in #Senegal, and it is projected to be a long-life low cost mine for the company. They have exploration upside around this mine at their Niakafiri, Goumbati West and Golouma North targets, and about 25 km away the Marougou & Doughnut deposits that show potential and were drilled in years past. Many of their projections show the Sabodala complex continuing to produce for 10+ years out, so there remains all that upside into an appreciating Gold price in coming years. Up until about a year ago, that was the value proposition for $TGZ, and I owned some shares back in 2016, {prior to the their #acquisition of Gryphon Minerals}, because Teranga was a well run company and I believed it was undervalued compared to peers. Even today it is only about 1/3 of the NPV and EV of many similar sized peers doing 200,000 ounces per year. In #WestAfrica I had watched the #takeover of True Gold by $EDV Endeavour, and Amara by $PRU Perseus, and I had a position in Gryphon Minerals because I projected they'd be the next good #takeout candidate. Last year when the news broke of their merger I was thrilled with the business combination, but the timing stunk (carried out from Aug-October of last year as the #Gold #producers cratered in price.... so nobody cared). Most gold mid-tiers producers have been stuck in the downward momentum since last summer, and the market never re-rated Teranga for picking up a huge pipeline of projects from their #Takeover of Gryphon's asset base. Their flagship project was the advanced Banfora along with exploration projects at Golden Hill & Gourma and a few assets peppered around #CotedIvoire. Teranga plans to finish their Banfora #FeasibilityStudy this year and make their construction decision after that for build out of the open pit in 2018, and production in 2019. You asked about #Exploration upside at Banfora, and here is the company's position on it (mostly focused on Kafina West and Hillside). "There is potential to add reserves at depth and along strike in each of the deposits, and through a number of exploration targets located on the highly prospective land package, each of which is within trucking distance of the proposed mill. Numerous district targets have been advanced by Gryphon’s exploration group in the extensive land package." In addition, there is upside in Gourma with proximity to Semafo in #BurkinaFaso, and Golden Hill's proximity to $ROG Roxgold and $EDV Endeavour Mining in Burkina. It actually wasn't until @MiningBookGuy did his $SWA video that I really grasped the scope and potential of the #SouthHounde belt, but that has only piqued my interest even more in Golden Hill (and that is likely why they have $4 million slated for exploration for the targets Ma and Nahiri at Golden Hill -- the same amount of $$ slated for exploration at Banfora). As for the #CotedIvoire assets, I'm interested to see how things go on future exploration of that land package, and they have $500K slated for exploration there this year, and $500K for #drilling at Gourma. This $TGZ response is getting really long, so I'll leave it at that for now...... _________________________________________________________ ~AUfrica #mbgtrends $TGZ $TGCDF Teranga Gold #CorporatePresentation: http://s1.q4cdn.com/851853033/files/doc_presentations/2017/05-10-2017-121-London-1x1-Slides-Final.pdf
7
from ~aufrica,
click to invite
@mountains_of_glory Page 18 of that presentation exhibits impressive drill results. My top 2 are $TGZ and $ASR. I don't know which is better, so I hold both and continue to add to those positions. $CGG also seems to be coming along nicely but seems more difficult to analyze.
1
click to invite
@FundamentalAnalysis @Excelsior Great response as always.
1
click to invite
@FundamentalAnalysis @Jayfire Yup always a good thing bit like $TGZ except actual margins. I like margins......
1
from #mbgtrends,
click to invite
@Jayfire $TGZ and $SMF have come off the bottom quite a bit (yay congrats longs), so $RSG.AX is my next favorite by default. lol
1
from #mbgtrends,
click to invite
wannabeinvestor Nice action today. I sure think the bottom is in for now.
1
click to invite
@Ruffus23 this could be a golden summer. when bitcoin/cryptos goes sideways gold will reign supreme.
1
click to invite
@Ihostlong Well teranga certainly got very cheap
0
click to invite
@Ihostlong this might be one of the better buys in the sector
1
click to invite
@Ihostlong #hotpick #teranga
1
click to invite
@Ihostlong #hotpick $tgz
1
click to invite
@Jayfire wow $TGZ on fire today (this week)
1
click to invite
@Ruffus23 any predictions on next news releases? more golden hill results must be due soon.
0
click to invite
@MiningBookGuy @Ruffus23 - missed your $TGZ post earlier. I'd say either #GoldenHill results, or #Banfora updated feasibility study. The #Banfora study is very important...i'm expecting better IRR/NPV that what $GRY.AX had prior to being acquired. There has been positive drilling there, and it would be interesting if annual gold production is closer to the high-end of expectations. I think it will be in the range of 100k-125 oz/year. So anything around that high-end should be a nice positive to the market, especially with good IRR/NPV. The NR for this is expected by the end of June.
1
click to invite
@FundamentalAnalysis @MiningBookGuy The Banfora deposit was a marginal one, do you think they can improve it drastically. The current issue with $TGZ if I compare to where $EDV was is the deposit quality at this current stage. $EDV isn't all good margin mind you, only some of its deposits are. Teranga needs to find a way of bring down their costs per oz. To me that would be finding high quality ounces as oppose to just ounces. Banfora has like 5m+ oz, but most of it is just optionality. They have so much exploration land I hope they do find some higher margin ounces. The deposit needs to work at $1100 gold for teranga to really start moving higher in share price to me thats the big catalyst as oppose to just finding ounces.
0
click to invite
@MiningBookGuy @FundamentalAnalysis - you are correct that #Banfora was marginal when acquired. Now I might be jumping the gun. But I could have sworn there were some good #Banfora results that will be incorporated into the new DFS. I am going to look them up right now because I'm personally eagerly awaiting for this update. You are definitely correct on comparing $TGZ to $EDV at the moment...but keep in mind that $EDV's earlier deposits were marginal as well. In fact, they were buying deposits that others were struggling with, and re-working them, with #Tabakoto in #Mali being a good example. For #Banfora, I think there is very good exploration potential that can significantly improve economics. It won't become 'world-class', but potentially much closer to #Sabadola in economics (though smaller). Anyway, let me see if I can dig up something to show they are on the way to 'higher margin ounces'... $TGZ
1
click to invite
@FundamentalAnalysis @MiningBookGuy Hope you are right, that would be a game changer........and then fundamentally I know the company is strong given the share price. I always have an issue with a producer not being able to make real money at current prices, because when the bull markets get going....costs just rise...everything becomes inflated and a marginal company remains marginal that's the danger as all the team/management/employees start paying themselves excessively.
1
click to invite
@MiningBookGuy @FundamentalAnalysis - here is one from last October on #Banfora for $TGZ: http://s1.q4cdn.com/851853033/files/doc_news/2016/10-26-16-Exploration-Update-PR-FINAL.pdf And here was one of the last (maybe the last) Feasibility Study update from $GRY.AX http://www.asx.com.au/asxpdf/20150706/pdf/42znm9qkr03kgv.pdf My point was that I expected this to be significantly improved. Honestly, I'm not sure about this at all. And I do NOT expect economics to be great at $1100 oz gold. Will it look good at $1200? Maybe...and importantly, even if the market isn't initially impressed, it would be a big deal if this is 'good enough' to mostly finance the project with debt. The greater point is that this is probably the most important news to come from $TGZ this summer, even though I look forward to #GoldenHill and other drilling results as well.
0
click to invite
@FundamentalAnalysis @MiningBookGuy I want the best of all worlds....margins, very low debt, high cash, long life of mine with good quality reserves/resources, some optionality ounces for a kicker, inside ownership...all at a highly discounted valuation on all metrics however you look at it :)....Practically impossible to find...
2
click to invite
@MiningBookGuy @FundamentalAnalysis - yes, I agree with your general points. I think $TGZ would be in trouble with gold under $1200 for a long period of time. But I think it would look really good if #Sabodala and #Banfora can generate significant positive cashflow at $1200. That might be too much to ask...but a big factor is the continued exploration potential at both. $TGZ is somewhat marginal, but better than many other mid-tiers out there, especially in terms of strategy IMO
1
click to invite
@MiningBookGuy @FundamentalAnalysis - LOL, you summed it up with that last statement :P
0
click to invite
@FundamentalAnalysis @MiningBookGuy I think $SSL is amongst the closest thing I've found. I rank that like a mid tier quality gold producer with a bunch of exploration deals/optionality etc..
0
click to invite
@FundamentalAnalysis @MiningBookGuy Awesome great stuff, some higher grade shoots. I think its the strip ratios/lack of size that destroy the economics for a lot of these african projects. Grades tend to be higher, but strip ratios for open pits tend to be higher and sometimes the deposits don't have enough size...to many small satellites as oppose to one substantially large orebody that is continuous. $tgz has the grades at sabadola but the stripping costs are out of control.
0
click to invite
@MiningBookGuy @FundamentalAnalysis - btw, i'm not sure if you looked closely at the #Banfora economics: http://cdn.ceo.ca/1cjj48n-Screen%20Shot%202017-06-08%20at%201.07.32%20PM.png+ I am sure this is optimistic. But the middle 'upscaled' case shows very respectable numbers at $1250 USD gold. even replicating this could give a boost to the company. $GRY.AX really struggled to raise money in the depths of the 2015 bear market. Perhaps this project is just better than many people realize.
1
click to invite
@MiningBookGuy @FundamentalAnalysis - good point on many small satellites...this seems typical across #WestAfrica. But you get a few really high-grade ones with good continuity, and it can really help out economics to a project.
0
click to invite
@FundamentalAnalysis @MiningBookGuy Thanks for that....yes remember looking at that one a long time ago, went to re-assess banfora more recently and ended up looking at the old study which got me concerned . So thanks for the reminder on looking at the most up to date version. Richard mentioned about looking at whether to approve construction now or to wait for banfora....to me that was a hint that banfora wasn't ready for current gold prices....or it could be that richard doesn't want to waste the gold. I'm happy for more exploration and to wait if need be until gold breaks above say $1400 $TGZ
0
from @fundamentalanalysis,
click to invite
@MiningBookGuy honestly, i'm having a tough time deciding if i should buy more at these levels, as i own a lot already. the most frustrating thing has been lack of news from $SWA. i expected at least one NR on #SouthHounde drill results by now. maybe it will come this week...but really, we should have gotten something by now. it doesn't help that $ACA.L is having serious issues in #Tanzania. it is possible this distraction has delayed results. But it's important to keep in mind that #SouthHounde in #BurkinaFaso is completely separate from $ACA.L core properties in #Tanzania. If only $SWA had the deal with a company like $TGZ instead of $ACA.L ...it would immediately unlock a huge amount of value. but juniors don't ever work out as planned! There is a lot of value here...I just have no idea how long it's going to take to play out at this point. I was more confident in newsflow at the beginning of 2017. Hoping for a better H2 2017 in this regard (though 'hope' is a dangerous word in this space!)
1
from #swa,
click to invite
@Goldfinger I think $ACA.L issues are weighing on the sub-Saharan $Africa explorers. News would be nice, but I agree about having a deal with $TGZ would be much better. Also as I shareholder I would love to see some effort on the promotional front, which $SWA seems to have no idea and/or no interest in putting together. So shareholders keep suffering OR looked at another way, get to buy more stock at what 'hope' to be low levels.
2
from #swa,
click to invite
@KevinS Hi guys what do think of applying a crowd sourced strategy to playing the GDX carnage for the time poor novice investor? Having being lurking on here over the past few weeks and waiting out the GDXJ carnage I have compiled a list of companies from a couple of posters that I respect ( @FundamentalAnalysis @miningBookGuy @jayfire @criticalinvestor) and cross referenced them to ensure that there were a few choices common between individuals. I then merged and compared the popular ones from this list against the Katusa Gold Stock Buyout candidates (https://katusaresearch.com/gold-stock-buyout-candidates/) to not only benefit from a potential rebound post GDX rebalancing but also to increase odds of Buyout. As a result I honed in the following picks and am chucking in stink bids circa 5-10% below current prices: A. Teranga $TGZ @CAD3.10 B. Semafo $SMF @3.00 C. Sandstorm $SSL @4.85 D. Dolly Varden $DV @0.55 and Bonus bloodbath pick of E. Asanko $AKG @1.70. (https://seekingalpha.com/article/4079147-asanko-gold-study-confirms-potential). My portfolio is currently standing at 53% invested/29.7% Cash/16.8% Losses. I plan to reduce the cash amount by half and to use circa 12% to BTFD in 2 waves of 6% with 1% allocated into the 6 stocks above. My way of rationalising this but was wondering if anyone has similar strategies? :) #newbies oh and all but asanko are new additions to my portfolio bringing total number to 18 but i hope to cull these to best performers if we get a rebound rally into autumn. Im basically buying BTFD in West Africa (BTFDIWA!!) which seems to have taken a massive bashing these last few weeks!
1
from #mbgtrends,
click to invite
@FundamentalAnalysis @KevinS @Jayfire Thanks for the shoutouts. I think the crowdfunding idea is good, ...collate the best ideas and then try to buy as low as possible. Key is price. Personally I'm still heavy in cash/bullion and only adding for the most part to things which can make money in todays environment which I maybe "naively" believe can pick up for cheap. $ORG was my recent buy, given the share price has gone nowhere after a very positive update. (I.e fundamentally stronger). 39c now is less riskier then say 35c before where key issues needed to be rectified. $tgz for the long term looks good in a rising gold price but not neutral price environment. $ssl looks very good as long as recent acquisition works out, very much a bet on politics as oppose to gold price. I'm prefering companies which are not too dependent on gold prices in the short/mid term.......but you can pick anything if the metal markets go up and sentiment comes back everything will be going up....debating becomes irrelevant on what is good or not.
3
from #mbgtrends,
click to invite
@FundamentalAnalysis Absolute carnage LOL
0
click to invite
@Ruffus23 Yes. Lol indeud. Did buy some at end of day though.
0
click to invite
@mountains_of_glory @FundamentalAnalysis A highly rated SeekingAlpha comment says: "I've given up this sector. Would have made more money pushing around a hot dog stand than pissing away my savings chasing a puppet controlled by an unseen hand." #gold
5
click to invite
@PhotoJ @mountains_of_glory That's pretty much exactly how i've been feeling lately. Seriously contemplating liquidating all positions and putting my time and energy elsewhere.
0
click to invite
@FundamentalAnalysis @mountains_of_glory Interesting comment, I think at this rate a repeat of H1 2016 is looking more likely. Problem is I don't believe gold/silver has to go up....not yet anyways. Without that I don't know how the sector can take off. I diversified my portfolio to take advantage of companies that make money now for that reason, because the wait could be longer a lot longer like until the next recession at least. #gold
0
click to invite
wannabeinvestor @PhotoJ @mountains_of_glory Been thinking similar thoughts lately. Mu focus has been on explorers and developers and these have upheld better than the producers lately, but overall I have given up most of the gains I made on the rally from the December bottom. My experience in this space is that one needs to be a good trader. Then again we must be close to a bottom here when intelligent investors start to doubt themselves.
1
click to invite
@Brendan you've already had the huge buying opportunity over the last month in the names being cut... IMO the best of them - $rsg.ax $smf $tgz off the top of my head not sure what else was in there maybe $pru.ax $org the thing about markets is they are forward looking... this has been known for months and price reflected that a long time ago
2
from #index,
click to invite
@mountains_of_glory @Brendan Very likely $CGG bottomed today. Look at the volume exchange. Superb buying opp! #gold #index
0
click to invite
@wannabeinvestor when $CNL was sliding like that in April, insiders stepped up and bought stock. same with $TGZ. not here, sadly. $R.
3
from #r,
click to invite
@MiningBookGuy My video on $PDI.AX from a few weeks ago: https://www.youtube.com/watch?v=fW9Zw1ognqI+ Thank you @Excelsior for posting it at CEO.CA soon after the release! I was planning to write an article to go with it. Instead, I am writing this note with various tags, especially for those who missed it and like researching new ideas that very few people are following right now. Here are some highlights to note: -shout-outs to @nick (introduced $PDI.AX to me) @1ForDaMoney & @nickzed! We need more savvy Aussies like these guys at CEO.CA :) -Finding Bargains Down Under with #RickRule - http://www.theaureport.com/pub/na/finding-bargains-down-under-with-rick-rule This article is as powerful now as when it was published in 2013. One part #ASX-Stocks, one part #Africa … I am thankful for the insights here! Also shout-outs to @TheNextBigRush & @Jayfire in relation to #Australia stock talk on #TheNextBigRush youtube channel. -Importantly, I compare $PDI.AX to $MUN. Even though they seem quite different on the surface, they both have multiple, high-potential catalysts in the near-future, #Tier1 #exploration potential, aggressively pursuing global recognition right now despite being micro-caps. It’s hard to find companies with these qualities, and even better when so few people know them. -An important comparison of #Ecuador to #IvoryCoast. I pick on $ARU …while I personally am not willing to pay a massive premium for #management & #story with so little work actually done, I commend them for getting so much attention, and highlight @Newton’s excellent interview with #KeithBarron @Newton/will-lightning-strike-twice-with-dr-keith-barron-in-ecuador-aurania-resources-aru #IvoryCoast could use some help in the #story department…but to kick things off, I think there are interesting parallels to #Ecuador being the emerging jurisdiction in #SouthAmerica, while #IvoryCoast is the emerging jurisdiction in #WestAfrica / #Africa. -But one person HAS been pushing the story…and very few investors in #NorthAmerica seem to be paying attention. Mark #Bristow has pounded the table for years, and this is perhaps the best interview (and best link I have provided) to spread the message (from #DenverGoldForum 2016, main highlights around 7 minutes in, and 15 minutes in ): http://www.denvergoldforum.org/dgf16/company-webcast/RRS:LN/ There are very few choices for early-stage gold #exploration in #IvoryCoast: $PDI.AX - my current top choice $ORG - close behind and a top pick of mine…but not a ‘pure play’ for #IvoryCoast / #WestAfrica / #exploration, considering most value is tied into the more advanced #Sudan project $MARL -Some people were very interested in this one for #IvoryCoast exposure. Now it will take a while for that to materialize (and unclear what the next steps are). We'll see what $SSL does with these properties $AOP.AX - a very interesting one that I own as well…likely more on this in the future ... it’s a very short list right now! BUT, just check this list of mid-tiers/majors with #IvoryCoast exposure: $RRS.L $NCM.AX $CEY.L $CEE $EDV $PRU $PRU.AX $TGZ $RSG.AX $SMF …and there are surely more. Again, worth thinking about in relation to #Ecuador as an emerging mining jurisdiction worldwide… There is an #opportunity in this part of the world. #DYODD, good luck!
1
from ~aufrica,
click to invite
@mountains_of_glory I don't see the appeal here. The AT-NPV-5 is lower than the market cap, they have substantial debt, they are low on cash. I'd definitely rather be holding $TGZ or $ASR.
1
from #r,
click to invite
@enviro111 @Jayfire so which ones do you like for purchase. Wesdome had the biggest drop since mid May. 60% of the shares were liquidated, but the price did not go down much. Ditto for $KL. I bought $EDR and $TGZ. Maybe buying all of them would be a good strategy? Or maybe buying the newbies in $GDXJ would be smart? If they need to add more shares of something it will likely be one of the larger newbies. They are likely maxed out on the smaller ones?
1
from #edr,