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Oromin Explorations Ltd OLEPF



GREY:OLEPF - Post by User

Comment by topoftheridgeon Jun 11, 2013 3:06pm
153 Views
Post# 21511840

RE: Bendon International Speaks

RE: Bendon International Speaks

According 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?

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