RE: RE: RE: Teranga may be the short term answer.. Tony... i certainly appreciate your Ideas on this deal. We're all trying to figure it out. The way i see it, Tgz desperately wants Ole, but its been a Hard Sell to Chet and TGZ share holders ( or will be). They dont have the cash, and would be a Stock Deal. They already have 245 mil shares, and w/ all 3 Ole entities, Ole has about 350 mil shares (bendon and badr's cut pd in shares) That makes 600 hundred Mil shares Ole and TGZ combined. Hard Sell to ShareHolders/Directors etc... and hard sell to give Ole a $2 or 2.50 sp for a stock selling now at 77 cents. I can hear tgz's shareholders howling now... Hard Sell !
But as you keep saying TGZ's Mill must come into play somehow. Certainly for the Short term. Any way, TGZ i bet , has an Offer on t he table, and Chet has brought in a 2nd or 3rd Buyer . They hopefully are close, and only waiting for the govmt Entities to Approve and Sign Off. The Mid may timing for Sall to have time to sign and approve makes sense... and hopefully then we will ehar something Official on a b/o Announement. Add in ole slow mo, and it could be Mid June.
BTW.... for ole to mention " a Oromin acquisition' in theyre past 3 PR's is noteworthy. Very uncharacteristic. And then for them to Mention RBC Financial Consultants is big... we have known they were the investment bankers doing the Deal last July. But to state that now is something. Remember they are M & A guys, and NOT management consultants to get them on the right Path. RBC gets paid $$ millions on Commission when the Deal is done, not on going salary. They are obviously pushing for the deal now too.... jmho.