GREY:OLEPF - Post by User
Post by
tony1969on Sep 17, 2012 3:27pm
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Post# 20376875
Randgold's market cap has increased....
Randgold's market cap has increased.... by $3.35 billion since its summer low of about $85. It is now up to $121 per share and its cap is now $11.20 billion. If infact they are intersted, it seems to me like it is a great time for GOLD to take advantage if this and take out both TGZ and OLE. They can buy both for less than half of what their stock has appreciated in the past couple of months. They are our neighbors. They are by far the biggest in west africa. They want more gold. They have the stock. They have the cash and they have all the connections and experience needed to do business in this region.
The resource update should help speed things up. We will all know how much gold we have and should be able to get a more accurate valuation on this property.