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Bullboard - Stock Discussion Forum Oromin Explorations Ltd OLEPF

GREY:OLEPF - Post Discussion

Oromin Explorations Ltd > nothing "material"
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Post by topoftheridge on May 08, 2012 6:03pm

nothing "material"

In the last week I have confirmed with Dave Scott and someone near the top, that nothing "material" has changed with OLE.

We were all so happy a month ago the OLE was "holding up well".  And now we are mad that OLE has dropped as much (if not more) than the rest of the market.

time to tune this out and come back in a month or so. (I know easier said than done)

OLE's Gold is not going anywhere, they have enough cash to last a year, (at the current reduced burn rate), "talks" (whatever that means) are still ongoing, and the new government requires some time to work things out.

 

good luck all

Comment by hoosier1 on May 08, 2012 6:09pm
Thanks Top...
Comment by tony1969 on May 08, 2012 7:16pm
Thanks Top, whenever this junior market correction comes to an end and sentiment changes then the stock price should start to reflect it.  We do have around 4.5 million ounces of gold. There is a price for everything and you can bet that Iamgold, Randgold, African Barrick, Teranga, and others are watching OLE closely.  Do not forget about TGZ.  As I mentioned in the ...more  
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