Post by
tony1969 on Jul 03, 2013 11:11am
The OJVG is worth far more to TGZ than to any other party.
Other parties would have to build a mill or take out TGZ as well. In my opinion the final value will be based on the benefit that OLE's gold will give TGZ. It is far more than they offered but then again it is all about who is interested. Bendon says others are interested and the offer is way less than what the property is worth so if it gets to court (which I do not think it will) those parties will have to be revealed. In a weird way this all may be a positive to OLE holders as we may get something closer to the true value that this represents TGZ.
Comment by
Roro1 on Jul 03, 2013 11:33am
Yes Tony, this ultimately could work out for OLE shareholders. My concern now is that the low share price may start to affect OLE in other ways, such as with credit. What we need is a big round table with all the players to show up and talk. Best-Roro.