Oromin Explorations Ltd OLEPF

RE: RE: Roxgold just raised over $10 million this.

[tony1969]

Thanks for your kind words Jima.  I missed a couple of words in my post.  I meant to say that ROG raised at 1/3 the price that their stock traded at a year ago. Not many investors saw this collapse coming.  It has been a slow and steady relentless decline for months now.  OLE has held well for reasons we all know.

There are so many beaten down quality exploration stocks (too many to even mention). All I can say is when this sector turns and it will turn it will snap back a good 15% to 20% across the board in one week then steadily climb back to justifiable levels.  Financing or lack there of (even when money is extremely cheap) is the prime culprit here.  Many viable projects are having trouble raising cash or are waiting for a better environment to do so.