20:31:31 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



True Gold Mining Inc
Symbol TGM
Shares Issued 398,841,228
Close 2016-02-12 C$ 0.33
Market Cap C$ 131,617,605
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Kwantes comments on True Gold Mining

2016-02-12 20:54 ET - In the News

James Kwantes, in the Feb. 4, 2016, edition of Resource Opportunities, comments on Mark O'Dea's True Gold Mining Inc., recently 33 cents. A previous editor of the newsletter, Lawrence Roulston, said buy five times from Jan. 15, 2010, to June 24, 2014, at prices ranging from 24.5 cents to 65 cents. Assuming a $1,000 investment for each of the five buys, the $5,000 position is now worth $4,718. True Gold is on the verge of production from its project in Burkina Faso. The stock, which ended 2015 at 22.5 cents, has since risen to 33 cents, a nice gain for those "patient shareholders who have watched the stock flatline for much of the past year," notes Mr. Kwantes. He reckons that it might have more room to go up, but has two caveats: Burkina Faso must regain some stability, and True Gold must perform well on the ground.

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