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dr_airtime

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dr_airtime

Re: dr_airtime post# 31154

Thursday, 04/10/2014 5:46:08 PM

Thursday, April 10, 2014 5:46:08 PM

Post# of 35725
TGZ.TO - Bought Deal @ $.83...

..crap...shouldn't of "let er' ride". I would guess this is to repay the existing Macquarie debt. They paid off about half with funds from Franco Nevada. Perhaps Macquarie had the right and wanted out after the acquisition.

Teranga did $100M in cash flow from operations before working capital changes in 2013 and capital is only sustaining or for pre-stripping going forward so they could of repaid debt this year I would imagine.

This still doesn't effect story over next 1-2 years but I'll be cursing not taking profits above $1.00 for the next few months I would imagine.

Bought Deal is led by Cormark (Sprott) who was the massive buyer at $.60 change into strong hands so at least that is a positive - will support stock.
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