I would have thought the outcome tonight was a foregone conclusion... I can see the argument that OGC is paying too much, but the combined entity is impressive. Also, the one thing that adds certainty is the fully-costed, approved plan for Haile. Despite drawing attention to the 'peak' 2017 scenario, OGC's post-integration asset portfolio is strong indeed. I will be a keen observer as to how OGC can push exploration to extend mine life, especially at Waihi... I think all observers are expecting that at some point in 2016.
GLTA
Baron
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OGC receives BUY recommendation, page-3
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