for about half the price they could get Tiger - 65-70c per share ($500 million).. this would include an operating mine working above nameplate, a positive cash/debt balance and the chance to buy the other 40% from Gecamines with the spare cash that they have not wasted on DML....
they would still be left with some change!!!!!!!!!!!!!!!!!!!!!!!
this makes it soooo hard to understand how tgs still sits with market cap of $250 mill - $20 mill in postive cashflow per quarter - stage 2 fully funded by this cashflow.
if they can do a reasonable deal to buy out most or all of Gecamines 40% - this should worth the same as DML...
cash costs are lower for TGS and DML have to catch up to TGS re:production...
MAYBE the china/africa group should loan the cash to tiger to buy out the 40% - $150 mill should do it.
good luck everyone - good times ahead.
TGS Price at posting:
34.0¢ Sentiment: Buy Disclosure: Held
