GREY:OLEPF - Post by User
Post by
run2goldon Mar 09, 2012 8:50am
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Post# 19648331
Potential buyer Randgold quote
Potential buyer Randgold quote Here's a quote from a Bloomberg article byMaria Kolesnikova and Nicholas Larkin. Randgold is a likely suitor for OLE due to their proximity to OLE in Senegal and their open interest in new acquisitions in West Africa.
--Supply is “very tight and tightening” and mine costs are rising, Randgold Resources Ltd. Chief Executive Officer Mark Bristow said in an interview in Toronto on March 7. Price swings will likely increase this year, with gold trading from $1,500 to $2,000, said the executive, whose company mines gold in Africa.--
He obviously needs to add more ozs in the ground to maintain and grow the business. OLE is the ideal candidate. Let's see what happens.