GREY:OLEPF - Post by User
Post by
tony1969on Jun 26, 2013 4:05pm
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Post# 21574527
This huge decline in gold is good for TGZ (negotiations) as in my opinion it will.....
This huge decline in gold is good for TGZ (negotiations) as in my opinion it will.....make it easier for them to finalize a deal with OLE. It will not be great for us as there may not be much of a premium but it might expedite things. I do not think TGZ will pull out of the deal because it would be crushing for them if they cannot extend their mine life with a company they have been after for a couple of years now. This is why I say that they will do everything possible to get those ounces. It also helps that Chet is willing to deal. If Bendon thinks we are worth so much more than what TGZ is offering then why don't they make a bid for OLE and force TGZ to match or go higher? They would force TGZ to pay more or lose the OLE portion to them. Bendon would then own 87% of the OJVG. Just something to think about.