RE: RE: RE: TXG vrs. OLE... hi tony..mackie seem confident on a tzg ole marriage..im not so sure..there was a time where mdl needed or was at least interested in our oxides..they have since discovered new deposits on their own and i feel are less envious of our deposits..(i will again criticize management for not locking up more land when mdl did)..tgz have already taken advantage of upsizing their mill and im not sure how much more capital will be involved in taking it up again.. or if that is even possible..so a new mill may be unavoidable..or they will just be increasing life of mine..
i remember seeing a mdl or terranga video of the head guy talking about ole and i dont think he was too enamored with ole or chet..saying (roughly quoting) "we can discover ounces a dam sight cheaper than buying them" (picture it in an aussie accent).. so i figure they may have talked and chet insulted him with a really high number..
these are speculations on my part from a video i saw years ago.. but my feeling is that TGZ would be nearer the bottom of my list than the top..
the caveats here of course are that management changed with the MDL TGZ swap and/or that the video was some dis information used in a past negotiation
who knows.. lol.. the theme of the night..
sorry i cant be more helpful i have not had 100% concentration on OLE since NES has emerged as my largest holding..
i hope that all will finally work out here and the deal struck will be beneficial to everyone involved..
warmest regards
caliche
ps
anyone know where arlene is?