Oromin Explorations Ltd OLEPF

TGZ

[parkssam]

To the poster who for months tried to imply that TGZ was top dog and OLE was just a wannabe, let it be told that TGZ has lost almost enough market cap that could have been spent to buyout OLE.

They blew $40 mil in exploration and saw almost nothing more for it.

 

They have been milling the hogh grade and now have to go to more expensive ore.

 

They can spin in all they want but I don't see how any big shareholder, investment banker or the like can be happy with their performance. One could argue without taking out OLE they could be signing their own death warrant.

 

We shall see.

[Goldfather]

Also, Parks, i bet TG is looking over their shoulder now, as they are a Take over target more than ever. At $1.86 today, and i bet a very unhappy shareholder base, they would welcome a take over. Especially IF the Buyer could have Ole in their back pocket. PG mentioned this earlier in his Blog. Again the 28% IRR was Huge today , and paid all back in 2 years. The TG /Ole deal is all ready, just

[dmuy]

IMO, a smart consolidator would make a bid to pick up OLE first. While I think a TGZ/OLE deal would be good for both, I think TGZ needs OLE but OLE doesn't need TGZ.  The OLE project is robust on its own merit. If an aquirer picks up OLE first, then TGZ's share price could further decline making it a cheaper aquisition sometime later down the line.

[tony1969]

Very logical point dmuy. I also have to agree with G F. A major can now buy tgz at a much cheaper price than only one week ago. How quickly things change. Tgz is now a sitting duck and their management will have some explaining to do if they do not merge with ole in the near future. They have come to the realization that they cannot meet their production goals on their own. I am sure any