Oromin Explorations Ltd OLEPF

TGZ needs OLE evn more now

[parkssam]

No matter what the whiners and anti-OLE posters claim, this developing feud between TGZ and MDL can only benefit OLE https://www.terangagold.com/files/TGZ%20Fight%20Letter%20-%20Final%20-%20June%2010%202013.pdf TGZ has a lot more incentive now to do OLE deal as they make it known in their defense how important it is to their growth. I now think they must do a friendly with OLE so look for OLE to definitely recommend turning down first offer and don't be surprise both TGZ and MDL are at Chet's door looking to chat.

[tony1969]

You are right parks how quickly things can turn.  TGZ may have the Trump card with the mill but it looks like OLE is holding a Royal Flush with their gold.  TGZ does not want a fight with both MDL and OLE so as you said a friendly now seems more likely with OLE.  I do happen to agree with TGZ as far as MDL wanting to add 3 board members.  Why and how do they justify

[parkssam]

tony   there are multiple end run possibilities now between these 3 and maybe some other surprises.

[Goldfather]

this is more than Interesting...... Teranga Board Strongly Opposes Mineral Deposits Opportunistic Proposal ...

[Goldfather]

oops, thry this time .... more than Interesting Teranga says dissident MDL uses "underhanded methods

[shootforthemoon]

You really are smoking something. OLE has a royal flush. In what world. OLE has done nothing but dilute their shareholders and have a marginal asset that is only valuable to TGZ.   No other company will even take a wiff of this dog since the capex would be so great for them. Go look at Detour Gold and when they took at Trade Winds. Just because detour wanted trade winds did not mean they had

[goldn1]

  shoot:   they have a small pair...     G1

[tony1969]

Shoot when I refer to a royal flush I am talking about a strong negotiating position ole has with tgz. It is obvious that tgz is the company that can benefit the most from ole. They need ole's gold to justify that mill upgrade and crank it up to capacity. Not to mention significantly extend their mine life.>

[Mallard2]

It was posted years ago that OLE could very well become part of a mid tier producer, which would after proving itself, be picked up by a major. The only way at this point IMHO to get a reasonable amount for our gold is to get this thing producing gold, grow the value that Teranga has, prove it's viable.  To me Teranga is just the next step and a good one.  

[tony1969]

That's the idea Mallard.  This has been more than a long road for many of us.  One has to believe that both companies should be entering serious negotiations soon if they are not in them already. As you said the sooner we get to producing gold the better.  I believe Chet will settle for a bit more than the offer knowing that the synergies will take care of the earnings this

[shootforthemoon]

Tony: I know what you were referring to but TGZ isn't in some dire straits that they would give OLE some crazy valuation. There is one suitor for OLE, either OLE jumps on board to TGZs offer, which they may sweeten incrementally or they can go wallow back at 20 cents with no hope of a takeover. In the interim, more shares will be issued and dilute your shares even more.   How many shares

[tony1969]

Shoot first of all tgz is in dire straits unless they hook up with ole. Second of all if you had been here long enough you would know that I have always been the one with the lowest expectations here. If expecting maybe .70 shares of tgz instead of .582 on an initial bid is a pipe dream then you can call me a dreamer.>

[goldn1]

  Tony:   Any explanation on why the price of OLE keeps trending down despite the liklihood of a takeover, ever at .58 shares, it is still trading at a discount and I think we call feel they offer will get sweetened...     G1  

[shootforthemoon]

Please enlighten us all how a company who made 41 million last quater with hedges and still has enough ore to continue producing for several years would be worse off than OLE if the takeover doesnt occur.   One company continues making money, the other is forced to dilute. Yeah, OLE def has all the cards.

[Capharnaum]

The reason why TGZ's share price is so low is not because they don't make money right now, it's because they won't make money in the future. They need additional ore to ensure shareholders they'll make money long term, which is why they need OLE. If they can't make a deal for OLE, their share price will not recover unless they have much better success in their exploration.

[shootforthemoon]

Yes, their present reserve is limited but its not like they only have 1 year left. They will make a nice load of cash by the time the ore is done.   And that is assuming they find no other gold, which I would say is minimal since Senegal is allowing them to obtain additional land packages.     Now tell me what does OLE look like with no takeover. Yeah, not pretty.

[tony1969]

Shoot everyone and their mother knows that tgz was high grading in q1 with a head grade of about 3.3 g/t.  Not to mention they produced 68k ounces when they are projecting 190k to 210k for the year.  Do the math Shoot.  In q1 they did one third of the years production.  They are squeezing the juice out of the lemon before they hook up with ole. These guys have resources

[tony1969]

Hey G1.  We all know OLE is a "show me" stock.  It will stay between .35 and .40 until something else is announced. If TGZ breaks above .80 before a deal is announced we will probably go over .40. 

[shootforthemoon]

Tony: TGZ doesnt even need to come close to 3.3 and 68K ounces. Their cash cost is insanely low so that may go about with les ounces but they will be making over $300 an ounce more now that the hedge is off their book.     So while they continue to pile on the cash, what will good old OLE be doing? Yeah, you seem so focused on TGZs activities as oppose to OLE? Quite curious why thats the

[tony1969]

Shoot I am interested in tgz because I will own their stock after the deal. Remember they made the offer now the negotiations begin. >

[imurhuckleberry]

Shoot, pipe dreams is reality. Chet came to Naples a few yrs back and wowed the crowd to a private placement and came away with serious shares at .80. He will do it again. It's a master businessman. Neil is a treat. 

[goldn1]

  Huckles:   I don't think too many people are drinking Chet's kool aid these days...   G1  

[imurhuckleberry]

Hope so golden1...I can only enjoy so much spiked punch.