GREY:OLEPF - Post by User
Comment by
tony1969on Oct 11, 2012 9:46pm
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Post# 20475986
RE: Oromin's poison pill.................
RE: Oromin's poison pill................. This is why TGZ and IAG own less than 20%. They cannot buy more than 20% because it would basically give all shareholders (including you and me) the right to double their shares at half the market price. This would double the number of shares and obviously make a deal very unattractive.
This elminates any hostile bids. Any buyout or merger must be made in friendly manner.
In my opinion, Chet and company will use the results of the feasibility study (if it gets to that) and get a fair price for the property without incurring further dilution. I still maintain that TGZ will be involved in one way or another. They have more to gain and also more to lose than any other company.