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Bullboard - Stock Discussion Forum Oromin Explorations Ltd OLEPF

GREY:OLEPF - Post Discussion

Oromin Explorations Ltd > Win or lose election...
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Post by tony1969 on Feb 24, 2012 6:48am

Win or lose election...

If Wade loses the election who is to say that things might not get better for Oroimin.  It would show the world that Senegal is a true democracy and probably encourage investment in the country.  I still understand why an acquiring company would want to wait for the election to make a deal but I do not think it will ultimately hamper a deal if Wade loses.  It might delay it but this company is for sale and will be for sale in the future.  They may have a plan for a Wade win and also for a Wade defeat,  They certainly have had enough time to think about these two possible scenarios.  Comments?
Comment by run2gold on Feb 24, 2012 8:04am
Tony, I agree with you wholeheartedly.  The issue isn't who wins, the issue is: will the country be stable?  I seriously have my doubts that this will turn into chaos.  I have pretty good contacts into Western Africa.  So the stock reflects the uncertainty of the election and a contested outcome, but I'm pretty certain Wade is going to win.  There will be ...more  
Comment by johnnycash&stocks on Feb 25, 2012 6:23am
... and we used to guess how much money we would make on this stock, and now it has come down to wether or not the whole project is going to be taken over in an arab spring 2.0 . sad state of affairs. if Wade is not allected, looked what has happened to these other countries, they are now even more corrupt but also more unstable. arab spring was bought on by "the powers that be" to cause ...more  
Comment by couples4 on Feb 25, 2012 11:44am
further to my rant, i am looking at the corporate presentation, I have noticed in the properties of the pdf doc, it says it was modified on the 23/2/12. On page 18 I see a graph with a date of July 2012 and an arrow pointing to 8 Million oz. of gold, is this new? , i do not have copy of old document. any other changes as well?      Sorry John,but the arrow is pointing to the ...more  
Comment by tony1969 on Feb 25, 2012 12:00pm
Sorry Couples4 but the arrow is pointing at ounces.  The 8 in the graph is referreing to 8 million ounces.  The 8 deposits you are reffering to on the graph are the 8 that they had in May 2011.  Go back and look at the left column in the graph it is referring to ounces not deposits.  They will not have 8 million ounces by July.  It just means that their ounces will be ...more  
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