Oromin Explorations Ltd OLEPF

RE: blue sky

[tony1969]

I mentioned here on Aug 26th that they have not gotten any credit for anything under 350 meters.  Again, this is very important because it would dramatically increase the ounce count.  In my opinion, all the "blue sky" opinioins out there are worthless until you get to around 5 mil ounces measured and indicated.  Gold under 350 meters has not even been mentioned or certified as inferred.  I would beleive that potential suitors prefer certified ounces instead of all of this "blue sky" speculation.  My gut tells me they raise again before too long and hold off for another 6 to12 months or so. Everyone knows they are running out of $ so the bids will be low for now since the pressure is on Oromion.  It is obvious to me that Chet does not want to be forced to sell.  Management is in a tough position and some important decisions will have to be made soon.  Maybe diluting another 7 to 10% or 11 to 15 million shares at around $1.00 ($11 to 15 million) can bring us 100% higher bid next year.  Not a bad tradeoff.  Again no one here wants this thing to go to $3 more than me.  I just do not see it in the near future.  I have not nor will I sell a single share until all is said and done.  In fact I added some in the low $.90's last month as did Chet.  The bottom line is that we need more money and or more proven ounces as soon as possible.  Once again I hope that my view is too conservative.

Comments please!
Thanks Tony