GREY:OLEPF - Post by User
Post by
tony1969on Jun 09, 2013 9:56am
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Post# 21504290
Just a little fact....
Just a little fact.... On Dec 31st 2012 TGZ closed at $2.26 meaning the same .582 deal ratio would have given OLE a $1.32 value per share. We can blame the govt. of Senegal for a big part of this as TGZ did not have an agreement with Senegal until May 31st to comfortably make a bid. I still say we get a bit more since they TGZ initiated the bid and there is no doubt that they need us to solidify their future. TGZ is under a lot of pressure to get it done so there is a good chance we do get more.