Oromin Explorations Ltd OLEPF

blue sky

[topoftheridge]

Hi Gents,

I think many discount the "blue sky" because of the time this has taken...(including a year of takeover talks???unheard of) and the position the company is in (no money and no drilling). 

they are backed into a corner, sure, sure, sure they have lots of options, but the reality is many want out (IMO) including the other two partners, (again my opinion based purely on rumour)

[tony1969]

Hey Arlene, my buyout guesstimate in the RK sweepstakes is $1.87 so I am including some blue sky potential in my estimate.  Like I have posted before anything between $1.25 to $1.75 ($1.50 average) would not surprise me.  I chose $1.87 because it is 25% more (my blue sky premium) than $1.50. Top makes a good point in saying that they have lost some leverage because of the time that

[arlene2]

Tony/Topoftheridge-----Thank you both for your thought provoking comments....I believe we agree that "some" value more than zero should be applied to this property for such a large blue sky but that value may be decreasing with time.....On the other hand , if price of gold goes up , blue sky value may actually increase..As Tony said , " Time will tell "