GREY:OLEPF - Post by User
Comment by
minedtheprofit1on Sep 16, 2011 8:04pm
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Post# 19052693
GOLDN1
GOLDN1I've never shorted any stock and i don't think you can with ole since it's below 1 on average.
and if you read my post, i replied to the comment that if anyone that will buyout ole it will be tgz since the mill is nearby. why would anyone else build a mill, staff it and finance another mining project in the area? it simply doesn't make sense economically.
BTW, if you look at who owns ole stock guess who? Teranga Gold holds 18,699,500m shares, if you don't believe me go and check sedar. go do your research and read their MD & A which is public information. I know that IMG also hold shares of ole but again going back to my first point - why would IMG (or anyone for that matter) finance another mining project and spend according to you folks
a buyout of 2.50 x 130m = 325m dollars plus cost of buying out the two partners for another 500m? = 800m just buying out the property.
then finances on top of another 300-400m to build a mill, heavy equipment, and staffing?
where's the logic?