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Bullboard - Stock Discussion Forum Oromin Explorations Ltd OLEPF

GREY:OLEPF - Post Discussion

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Post by Goldfather on Nov 11, 2011 12:34pm

Buy Out

called the Co the other day.asked for DS... and he wasnt available (da), got someone else. They wouldnt say much (da)....  but did seem encouraged  about "something", and  i just got the impresssion a b/o will be announced soon. no concrete info at all, just a hunch.And  Everyone must be  Restricted , and cant give out any info at all.  Taking That as a good sign.
Comment by imurhuckleberry on Nov 13, 2011 12:59am
It's called material vs non-material fact......this is a public company.
Comment by adit123 on Nov 13, 2011 9:45am
called the Co the other dayThanks for doing that. And no insider buying and such for a while. Not getting hopes up but...
Comment by goldn1 on Nov 16, 2011 9:25am
News out, but not the news I was looking for...G1Oromin Explorations Ltd.: OJVG Identifies Additional New Gold Discoveries to Compliment Existing Deposit ResourcesVANCOUVER, BRITISH COLUMBIA, Nov 16, 2011 (MARKETWIRE via COMTEX) -- Oromin Explorations Ltd. ("Oromin") CA:OLE -1.14% OLEPF +2.27% , on behalf of Oromin Joint Venture Group Ltd. ("OJVG"), is pleased to provide an ...more  
Comment by mjh9413 on Nov 16, 2011 10:54am
Hey at least they included the magic words " strategic alternatives, etc.," This is rreally bullish for this management. It has been like a snail, but not only slow but frequently coming to a full stop!!! Still after all this time why hurry to get out of this one...after all, the flourish always ends with an "ole!"
Comment by tony1969 on Nov 16, 2011 1:50pm
This PR was was obviously intended to shut up us frustrated retail investors.  Apparently the bids are coming in too low in comparison to what management believes this property is worth.  The Sept.22nd web presentation showed that the company had $9.5 million left.  With a burn rate of $1 million per month, this could drag on for another 6 months.  I personally do not feel that ...more  
Comment by imurhuckleberry on Nov 16, 2011 2:43pm
This was released in part due to an ego problem. Chet has no other options but to start communicating this marketing plan to EVERYONE, not just the board of directors. Dave Scott and company do not know who the retail investors are, I'm sorry. They never did, why would they now at .88?Maybe if this managment team would release news stating OLE is for sale, 87%, we would know they are ...more  
Comment by Goldfather on Nov 16, 2011 4:12pm
not sure what this mornings NR was all about. still think they are moving forward and progressing towards selling and a b/0. Certainly hope so.
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