GREY:OLEPF - Post by User
Post by
Riffdocon Jan 30, 2012 3:44pm
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Post# 19466646
Other Possibilities
Other Possibilities Thanks Tony for the new information about additional ounces that the company has not yet announced. For years we have been hearing that this concession is a "Monster". Caliche said as much five years ago. With blue sky and the high grade gold that has already been found in this concession I think there could be a much bigger senario than just Teranga. We know that ounces are being sought by major companies because around the world resources are diminished. Here Ole is in a "HOT SPOT" in west Africa along with Teranga that has a mill to boot. Teranga's new executives are from Barrick. Chet has always dealt with Barrick. African Barrick is sitting on so much cash that to buy both these companies would hardly leave a dent in their share price. But there are other majors that must be in this discussion with Chet as well. IMHO I see an end that buys Ole and probably Teranga both for significant dollars. This is not going to be any $3 deal. With the additional resources Tony mentions we have to be $5 or more. I believe that is why this turkey is taking so long to close IMHO.
Riffdoc