GREY:OLEPF - Post by User
Post by
tony1969on Apr 20, 2013 10:54am
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Post# 21280470
Instead of bickering and comparing properties...
Instead of bickering and comparing properties... as Chet did last week with PG both OLE and TGZ should pitch both of their properties as one and demonstrate their future potential when combined. I know this is probably asking too much but both parties should put their egos aside and demonstrate to the investment public how undervalued they are especially if and when combined. These two properties where valued on a takeover basis at probably over $1 billion especially when TGZ was at around $2.5 and OLE at around $.80. Now at $.80 and $.30 their market caps are roughly $195 million and $85 million. This is only about $280 million for both companies. Crazy cheap considering that TGZ's mill alone costs them about $500 million including its upgrade. I believe that they can both be had now for about $750 million give or take $100 million. $450 million for TGZ (because of their mill) would be about $1.85 per share and $300 million for OLE would be about $.95 per share. Comments?