GREY:OLEPF - Post by User
Comment by
falcon9on Feb 10, 2012 6:50am
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Post# 19514155
RE: Grandich interview Feb 9th from his website
RE: Grandich interview Feb 9th from his website Grandich also called it a "no brainer" in a webcast on Feb.3rd....only he was even more bullish then his "in print" comment by saying that the share price would be "twice or three times its current level when all is said and done."
https://bullmarketthinking.com/wp-content/uploads/2012/02/222012grandich.mp3 (about 5/6th of the way in the broadcast)
The 5.5 million ozs reported in the Mackie report is amazing! Looking at Teranga's stated goals and OLE's proximity, the synergies are too good to be true.......many of Teranga's targets for mineral expansion are much further away. OLE's deposits are currently much bigger than Teranga's and practically on top of their mill that hopes to be producing 500 000 oz's/a within a couple of years.
Since OLE hasn't dipped below
.80 in a very very long time the downside risk is only 20% from here if talks collapse ......while successful talks ( could happen any day) could lead to a share price between $2 and $3 according to Grandich who is a pretty credible source of information. Those kind of odds for a potential imminent payday are a "no brainer" indeed.