There’s an old saying to buy them when there’s blood in the streets. When it comes to mining and exploration stocks, bodies of former speculators (including yours truly) are “walking dead”
While I still believe there will need to be a significant period of base-building, some junior resource stocks seem to be priced at levels where you just can’t expect to get any more blood out of them.
One that fits that bill is Teranga Gold (TGZ-TSX-V $.50) This article did a good job of why it’s now a compelling speculation for high-risk, high-reward speculators http://seekingalpha.com/article/1863411-3-more-low-cost-small-cap-gold-producers-that-will-survive-now-and-thrive-later?source=cc
Please note – Peter Grandich owns 900,000 shares of TGZ
Athletes & Business Alliance www.scoreforbusiness.com
Trinity Financial, Sports & Entertainment Management Co. www.trinityfsem.com
This message, and any attachments to it, may contain information that is privileged, confidential, and exempt from disclosure under applicable law. If the reader of this message is not the intended recipient, you are notified that any use, dissemination, distribution, copying, or communication of this message is strictly prohibited. If you have received this message in error, please notify the sender immediately by return e-mail and delete the message and any attachments. Thank you.