GREY:OLEPF - Post by User
Comment by
tony1969on May 21, 2013 9:58am
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Post# 21420064
RE: Randgold borrows $200 mil. hmm...
RE: Randgold borrows $200 mil. hmm... Nice find GF. Randgold is known for mostly developing from within and buying on the cheap. How much cheaper can OLE and TGZ get? Them buying both OLE and TGZ made sense before and it makes even more sense now. They can easily do this and I am pretty sure that they are closely monitoring what is going on in Senegal. A low ball $600 million bid with OLE getting $200 and TGZ geting $400 would yield about $.65 and $1.65 per share respectively. It is a fact that OLE wants to consolidate with TGZ but TGZ is hurting and may be willing to take an offer similar to what I described.