GREY:OLEPF - Post by User
Post by
tony1969on Jul 09, 2013 12:02pm
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Post# 21596492
I believe that in this environment the best solution for both....
I believe that in this environment the best solution for both....TGZ and OLE would be for them to combine. In my opinion nothing else even comes close unless a major offers a HUGE premium for both. I truly believe that they will eventually be one as there are too many synergies that would allow great EPS growth in the future (because of TGZ's low cost per ounce production) for them not too. There will be dilution but their combined earnings power should more than justify it especially if Bendon gets mostly cash for their stake. Again, I believe that if it was not for Senegal these two would have been together a while back.