Teranga Gold Corp (TGZ.T)
Another strong performer. Price has more than doubled since entry late last year. Current position size about 6%. The last Update was in April, where I suggested Teranga is targeting $18 by the end of this year. After review, I have increased the medium term target to $20. Timing end of this year or early 2021.
Note the sling shot move higher, off the “cabal” engineered stop run lows last March. Price now entering a THIN ZONE, where there is little overhead supply. Any money coming in now, is forced to bid up the price to find shares.
I plan on giving the position a haircut around $20 to bank some of the profits since entry last year at $5.46.