GREY:OLEPF - Post by User
Comment by
topoftheridgeon Jun 11, 2013 3:06pm
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Post# 21511840
RE: Bendon International Speaks
RE: Bendon International SpeaksAccording to Mustafa Al Darwish, Chairman of OJVG and Managing Director of Bendon, the Offer represents an inadequate price for the Oromin shareholders and establishes an unreasonably low valuation on the OJVG project as a whole, based on current valuations of the OJVG project and interest from other larger public gold companies. "The priority return alone that Oromin is entitled to receive with respect to its portion of the shareholder loans already made to the project would be almost twice the value of the Offer," said Mr. Al Darwish.
Read more at https://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&m=32662356&l=0&r=0&s=OLE&t=LIST#3cb1eht0FdY1IiSo.99
So what does all this mean? there is other interest? We need to hear this! When will OLE respond?