GREY:OLEPF - Post by User
Comment by
hoosier1on Apr 20, 2013 4:20pm
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Post# 21281016
RE: RE: RE: Randgold invests in explorer in Senega
RE: RE: RE: Randgold invests in explorer in Senega top-
Agree it's pocket change for Randgold... but this is just an "initiation" drilling phase.
Assuming this "initiation" drilling is positive... by the time the step-out drill and then in-fill drill to assure its stature as a feasible deposit... they will have way more $$ into it ... AND way more TIME will have passed.
Randgold has stated in the past that they like to grow from internally initiated projects rather than by acquisition... but that was several years ago (I think).
Eventhough OLE "wil not just give the asset away"... I would think they are willing to negotiate more than they were several years ago... thus my concern
h1