GREY:OLEPF - Post by User
Post by
jredocon Apr 21, 2012 2:15pm
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Post# 19820172
Pressure
Pressure It appears to me, that in addition to the primary goal of obtaining the best sale price per share, Chet has an additonal pressure, the need to prove his worth to his investors. If the sale price is insufficient, then his abilty to raise money for other projects is reduced given that the private placement investors in Oromin did not receive a justifiable ROI.
Also, consider: a) another of this companies, Madison Minerals lost the Mt Kare property entirely, and b) both Madision Minerals and Lund appear to be essentially inactive with insufficient monies for further exploration unless there is additional capital infusion .
Opinions?
J