GREY:OLEPF - Post by User
Post by
Riffdocon Feb 20, 2012 11:53am
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Post# 19557588
Buyout Estimates
Buyout Estimates Tony,run2gold and goldfather have given all of us some important information to ponder as we get close to the B/O. We are all disapointed to say the least about how shareholders have been treated. Some of us have big $ invested and regardless of how much you have with OLE there is no excuse for such poor investor relations. Having said that I am going to play my very unpopular theory which I have shared on several occasions with this board. I believe history can and does repeat itself. I agree with Arlene that African Barrick is somehow in the mix here. Why? In every deal Chet has done he has done it with Barrick. African Barrick has lots of money and is looking for deals. Have you looked at their stock price? Billions available. Maybe the deal will be somehow involved with Teranga. In every deal Chet has done he has surprised on the upside so maybe that has been part of the delay. I'm not giving Chet a pass but I hope he has convinced Barrick or whomever that in addition to the supposed 5.5 mil. oz that this property holds 9-10-15 mil. oz or more. If he has done sucessfully that we are not looking at $2 a share but I believe at least $3-$4 IMHO. Put me in the far out dreamers camp with Arlene and others if you want but majors are looking for resources and we have gold that could last for years! My wife too will be glad when this is over and I can get my life back!
Riffdoc