GREY:OLEPF - Post by User
Post by
figtraderon Feb 25, 2011 10:17am
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Post# 18193358
OLE's day coming
OLE's day comingI have no inside information but I'm thinking that before Teranga's expansion is finished, there will be an amalgamation probably on a one for one basis (OJVG and Teranga) owing to the prospect that the mine can double production to 400,000 oz/yr. I think that the Saudi partners will want/agree to monetize their investment as gold prices are set to head above $1500 (maybe much higher) and going forward the combined entity will be a prospective takeover target. I agree by the time that happens that the OJVG will have 5+m resources with a much much higher prospective resource.