Replies to post #30598 on Value Microcaps Junior Miners

[optionslearner]

TERANGA looks very interesting!....Thanks for the heads-up dr_airtime....YOUR research and messages are excellent!

[dr_airtime]

TGZ.TO - Sprott doubled position and more info...

So it's not massive dollars we're speaking but if you saw my last post I confirmed that prior to August Sprott owned only 1M Teranga shares in any of their funds and from August to date Cormart (buys on behalf of Sprott I assume) has added 1.5M net shares as the biggest buyer since the summer bottom. Probably only represents about a million bucks but shows that Teranga was still one they added to out of all the stocks that have gone up since the major summer bottom:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=91843338

Also - I have clarified biggest risk for Teranga-Oromin merger is that the Oromin owns 43.5% of 90% of their deposit (Senegal has free interest of 10%) and JV partner owns other 46.5%. Oromin is operator I understand but risk is that JV partner could throw up some serious resistance into getting Oromin's deposit into production anytime soon.

Teranga has a CIL (carbon-in-leach) mill and Oromin's feasiblity study envisions a CIL mill so there doesn't appear to be too many barriers to combining operation. Oromin's mine has about 2.5M open pit ounces at 2.49 g/t which is high for West Africa. Oromin's share is 43.5% of this.

TGZ up today while rest of sector down. I think we'll see $1.00 be year end if gold over $1500 and merger complete.

[optionslearner]

NOW THE PRICE IS RIGHT....66.....Could go even Lower, But think that .66 offers a good look!