GREY:OLEPF - Post by User
Comment by
tony1969on Mar 30, 2013 4:26pm
172 Views
Post# 21187876
RE: RE: RE: RE: RE: Randgold's Massawa deposit is
RE: RE: RE: RE: RE: Randgold's Massawa deposit is So what is in it for TGZ top? No one will buy OLE and sit on those ounces. They have been dormant long enough. They need to go into production asap. If OLE gets something in that range (which I believe to be too high in this environment), what do you think TGZ would get for their part of the deal considering that you cannot mine OLE without TGZ. Don't get me wrong I would more than love $2.00 per share for OLE but the only company that truly needs those ounces and can immediately process them is TGZ and even they can wait and cannot come close to offering $2.00 per share even if they wanted to. The best case scenario for both OLE and TGZ here is to get acquired by a major or a big mid tier that can immediately start exploiting those high grade OLE ounces through TGZ's mill. When a major looks at these two properties I believe that they will consider them as one because independently they are not worth remotely the amount that they are worth together. Comments?