GREY:OLEPF - Post by User
Post by
tony1969on Oct 20, 2011 8:57am
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Post# 19166007
IAG and Teranga
IAG and TerangaIAMGold and Teranga together own over 25% of OLE. Having such a big chunk of the company, you would figure that they have been kept in the loop or might be even involved in negotiations. A transaction involving either one would make sense.
I figure OLE will only have about $4 million left at the end of October so time is definetly not on their side. Does anyone remember a time in recent years when they have had such little money left. This just adds to the speculation that some kind of merger or buyout should happen by the end of the year.
Thanks
Tony