RE: Instead of bickering and comparing properties. tony... you are basing your buy-out price(s) on the where the current share price of each company currently is and that is not going to happen.
This is where I would agree with OLE's stance - "you don't give away an asset just because the sp has dropped"
The market's can be fickle...for no reason than - just because.
TGZ is definitely not going to sell for such a cheap $$$... regardless of their current sp, the company is doing well... they're past their hedges - they're producing - & they do not need to sell... it may be a little slow going for them, but they are & will be profitable. Plus, being that the execs are old Barrick people, I would bet they've been down this road a time or two... TGZ definitely has time... OLE, not as much...
Who's gonna be the first to blink?
h1