Oromin Explorations Ltd OLEPF

Old Article, But Relavant

[Goldfather]

Teranga Gold May Be Target for Takeover in West Africa M&A, Goldman Says

8/15/2011

Teranga Gold Corp. (TGZ), which mines in West Africa, may be a takeover target for other companies in the region, Goldman Sachs & Partners Australia Pty said.

Toronto-based Teranga “appears undervalued and could be considered attractive by other companies operating in the West Africa region,” Goldman analysts led by Ian Preston said yesterday in a report. Perth-based Perseus Mining Ltd. (PRU), which also has assets in West Africa, is “well-placed to acquire additional production using” shares, the report said.

To contact the reporter on this story: Elisabeth Behrmann in Sydney at [e-mail]

[arlene2]

GF----I disagree----The article has no bearing on today's reality...

[arlene2]

Of course , they are a take over candidate-------but that article is outdated and no longer brings any update to what is already known....

[Goldfather]

Perseus  (still)  interested  !!  

[arlene2]

In mid August 2012 , when article first came out , Teranga was considered very undervalued at $1.70/share....As of mid January 2013 , Teranga now at $2.30---maybe still undervalued but not nearly so much.......Perseus , on the other hand  , had a stock price of $2.40/share in mid August 2012  and as of mid January,2013 is at @$2.19....IMO , an all stock deal (or any deal) would