Oromin Explorations Ltd OLEPF

Nice reversal in gold on friday from down about $25..

[tony1969]

overnight to up about $25 at around 4 pm to $1233. All the big producers also had a big turn around. As I said last week I believe $1250 give or take 3% will prove to be at least a short term bottom. That $1200 to $1300 total production cost for many miners will help the pog as far as supply vrs demand as some production has already been curtailed. I am looking for a nice sustainable rise in july that should help both prices for ole and tgz. The meetings are less than 3 weeks away and should be very informative as I believe tgz is negotiating with both ole and Bendon.