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Oromin Explorations Ltd OLEPF



GREY:OLEPF - Post by User

Post by topoftheridgeon Feb 01, 2013 10:34am
248 Views
Post# 20923886

Private equity

Private equity

A while back someone smarter than me pointed out OLE is like being part of a private equity holding of OJVG.

Bendon owns 43.5%

Badr owns 13%

OLE owns 43.5%, of the 43.5% OLE owns, 20% is held by insiders, Iamgold  12%, Terenga 14%, institutions ~15%, plus I would assume 10% of shares are held by many here (lurkers and posters) who are not trading and have been holding for years.

thus the 77cents we see now reflects about 11.5% of the projects value

I expect 3 times more than current share price for OLE

hope this make sense, a bit rushed.

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