Funny that somebody would jump at the chance to buy a few shares for .84 this morning, when the price has been lower for months, and there is nothing like new information coming out. I suspect somebody has a budget to support the share price whenever the ask side happens to thin out. I see this as part of larger effort to artificially support the share price, PG included, while hoping for a rescue before they run out of air.
On the specific issue of TGZ, I agree and have always said they are the most likely buyer, and yes, they are doing well these days. Problem for OLE is that TGZ has been quite successful in its own exploration, so is not at all desperate to acquire OLE. They can afford to wait years, which OLE cannot.
Another important bit of information that has not hit this board is that the Senegal government has substantially raised taxes on mining companies this year.