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Oromin Explorations Ltd OLEPF



GREY:OLEPF - Post by User

Post by tony1969on Feb 06, 2013 7:53pm
296 Views
Post# 20949360

TGZ has always wanted OLE...

TGZ has always wanted OLE...

because of the dozens of obvious reasons we have discussed here in the past.  Majors and mid tier producers also see the value here mainly because of the already bulit and paid for mill (1+1=3).  I can understand TGZ wanting to do a deal with OLE and no one else but what if a major comes around and does a hostile bid for both as has been rumored IAG might do.  It looks like it will be who wants OLE more. TGZ or a major wanting both.  Not a bad position to be in.   

My point is, why would a major wait and have to pay maybe 50% to 100% more in a year or two for what they can take now on the cheap by taking advantage of both companies low valuations.

I agree with parks as far as his 60 day window (I have been saying Spring since December) and also agree that it will probably be somewhere around $1.50 ( as you all know I have been saying that amount for about a year now).  Thanks for the info parks.

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