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As promised, I continue to follow TGZ and await and offer to swap my OLE shares for TGZ. I suspect that offer to be made known soon.
Meanwhile, thanks in part to a rising gold price and to the fact that like so many other mining stocks, TGZ was way overdone on the downside, the share price of TGZ is rising. I don’t see why it can’t at least fill the gap at point A since it’s coming out of a massive oversold condition (Point B).
Remember, it’s been a long held belief that once OLE and TGZ were merged, a much bigger fish could eye to swallow TGZ.
Please note earlier this week RBC noted a now $1.90 target price for TGZ.