resistance at about $4.50, page-2

Also market cap of MDL is currently $386.

TGZ holdings are worth $95m today. (and I think Teranga assumed the $100m of gold hedging liabilities that were in the March accounts)
Cash and cash equivalents at 30th June were $166m.
On top of this they will soon have a 50% share of the Tyssedal plant with an EBITDA of about $60m - let us assume that 50% share is worth $125m, although I would expect it to be worth more.

That would mean the MDL share of the Grand Cote deposit (and all other 100% owned assets) is valued at zero, and Grand Cote is expected to have an offtake agreement in place soon as part of the deal.

I think there might be a forced seller out there. Do you own homework, and see if you agree.