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Oromin Explorations Ltd OLEPF

Metals & Mining Gold


GREY:OLEPF - Post by User

Oromin Explorations Ltd > TGZ is the only lo
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Comment by hoosier1on Aug 22, 2012 8:58pm
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Post# 20249702

RE: RE: RE: RE: RE: RE: RE: RE: TGZ is the only lo

RE: RE: RE: RE: RE: RE: RE: RE: TGZ is the only lo

Re: Buying & sitting on it...Not sure that is correct... if I recollect - correctly - under the OJVG mining agreement with Senegal, they have to start production within a year or two after clearing the environmental impact approval or some other milestone like that... i think???  Any one else remember that?

I do think it is a possibility that some other company may just come in a buyout OLE, not the OJVG but just OLE.  With OLE having operating control over the project, the new company - who will want to mine - can come in and tell the Saudis to take a leap & wait; and that they will get their money from and after the mining per the original agreement... saudis don't have any operational say anyway.

All speculation...

h1

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