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Bullboard - Stock Discussion Forum Oromin Explorations Ltd OLEPF

GREY:OLEPF - Post Discussion

Oromin Explorations Ltd > Stock has lost .31 in 2013 in 8 weeks
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Post by frankman on Mar 04, 2013 1:46am

Stock has lost .31 in 2013 in 8 weeks

The other half of the "hope and prayer" fantasy is also being hit hard along with the major producing gold companies. Companies seldom deal in M&A activity from weakness Markets will continue to slide into earlier exits this year as they lose trading volume=lower s/p volatility= s/p's overall drifting lower. This company is living on credit now with a $1.8 loan being paid at 12% interest compounded daily paid monthly.

 

03/01/2013 0.50
02/04/2011
1.18
Net loss -0.68

 

02/22/2013 0.50
01/02/2013
0.81
Net loss -0.31

Teranga Note the sell off as gold has been flat for a year (hope all of you took profit)

Oromin

Comment by andybradley93 on Mar 04, 2013 9:07am
Frank, You clearly don't understand the basic economics here and are obviously here to scare investors into selling at these levels.  It's unfortunate, as many people invested in OLE have been involved for many, many years.  We would all be better served if you'd depart this board.  Pointing out the obvious, which is a junior resource market in the midst of an obvious ...more  
Comment by SPACEDOC on Mar 04, 2013 9:17am
This post has been removed in accordance with Community Policy
Comment by frankman on Mar 05, 2013 1:57am
The dumper continues even for Goldcorp who just another dividend is being sold down. Markets keep demonstrating they care little on reports, news or drilling on not only hope and prayer but even a real company like G with real production and dividends. Those days are at least temporarily gone. I'd say for at least after sell in May (early this year already began), summer doldrums and ...more  
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