GREY:OLEPF - Post by User
Comment by
parkssamon Feb 06, 2013 6:25pm
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Post# 20949064
RE: You can count on Grandich
RE: You can count on Grandich It was an interesting overall call.
My take was Chet asked the RBC guys who are OLE bankers, what was the result of discussions they had with TGZ. The bottomline was if they do any deal it will be with OLE and no one else.
Now you can spin this and the crazy nut who has nothing better to do but hope to scare some people with his Mali signs and such can make fun of it, but that comment by RBC tells me it's not if they do a deal but when and at what price. Given what has happened to TGZ and I state again, very dissapointing results, any thought of waiting OLE out and picking them off is gone.
I say no more than 60 days after technical reports are filed with exchange and that doesn't take into account others who may jump ahead of TGZ putting them in deeper waters. It will be a stock deal but the pitch will be the combination of both makes for a much higher valuation once done. I still say $1.25-$1.50 value for OLE tops and then the pitch another double on the combine company being taken within 12-24 months from merger.