Oromin Explorations Ltd OLEPF

RE: Welcome aboard IOP42

[iop42]

Thanks for the welcome JMC, but I've been watching and in this stock for years.   I'm not short term.  The property looks like it has huge potential.  The explorers are all being bludgeoned to death and I blame bankers in large part because gold is their mortal enemy.  They pound the bullion and the stocks in my opinion.  But something else is going on with Oromin, besides the usual.   There is in my opinion much stress on Chet.   I have written to the PR dept asking for some honest opinions but they didn't reply.    I just wish I had a better handle on Oromin.  We have a resource, much potential for multi millions of ozs and we are headed towards production which may bring on some loan financing and less dilution.

Many times in the past I've seen similar situations in which  for no apparent reason the share price is in the toilet.  Then  all of a sudden up it goes.  OLE's fundamentals seem great apart from a need for cash next year.   I think the only way to stay ahead of the curve is to anti up with every financing.  Like in poker if you don't stay in then you lose your bet.  It would be nice to not have to anti up so much though.

Exploration companies need much bigger rewards for their efforts.  That would reflect in higher equity prices thus making it much easier to raise capital for exploration with much less dilution.  To count on us  will only work until the money is gone or we smarten up and just buy bullion, at which point exploration will stop.  Maybe if their are enough fools who think we don't need gold, then we don't need gold.

It sure seems as the gold is there.  Those are not ditches and grab samples OLE has completed.  A plan is in the works.  So what can be wrong?  I don't think anyone but some insiders really know the truth.  It's a shame they can't share it with us or at least throw out a hint or two.

My 2 cents worth.