GREY:OLEPF - Post by User
Post by
Goldfatheron Aug 23, 2010 3:16pm
328 Views
Post# 17375663
49%
49%Yes... was 43.5 % as the ownership to us Retail Investors. And may drop to 40% due to a royalty owed Senegal.
Hopefully this NEWCO/MDL deal will eb BIG for Ole. NewCo will eb run by Barrick guys . I hear Chet likes Barrick and has sold other companies to Barrick... hopefully it was these guys . I also ehar that there may be some type of Inside b/o of the Equity partners inside Ole. As in, the 13 % Badr ownership. Its the Saudis ( i think) that have the other 43.5%. They have huge money... and are never heard from. i heare they would pay for the mine ( $300 mil) if needed..... i vote they sell out their shares.... and Chet gets NewCo ( ex barrick guys ) IAG and rangold to all bid the B/O of Ole. Then we take our money and go home after 5 years here.