GREY:OLEPF - Post by User
Post by
tony1969on Feb 02, 2012 11:11am
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Post# 19479650
Everything is lining up!
Everything is lining up! Company is silent as always. In this case it is a good thing. Teranga in holding strong above $2.50. We are being kept low at around $1.00 either by manipulation or because no one cares about us anymore. With this kind of management, who would? We are running out of money with apparently no urge or need to raise more. If they said that they were negotiating in their press release on Dec 7th, that means that they were probably talking way before that. I other words they have probably been taking offers and exploring options for at least 3-4 months now. In my opinion a decision will be made this month. Maybe there is a delay because a major might be wanting to take both OLE and TGZ out at the same time. Why wait till they merge and have to pay more in the future for a company with way more resources and an upgraded plant.