Oromin Explorations Ltd OLEPF

First Bid Won't be from Teranga

[figtrader]

the first bid won't come from Teranga but I think there's one coming likely from another African based company.

[goldn1]

  Fig:   Do you mean an African based gold company or just another company that has a mine in Africa?     G1

[figtrader]

company that has African operations

[goldn1]

  Gotcha, I hope it is IAG for a suprisingly high price. Or I will take their stock...    

[figtrader]

definitely NOT Iamgold

[goldn1]

  hmmm... Every other deal chet has done has been w Barrick. They were trying to get out of Africa, but seems like they will be there for a while now. Is Barrick any better of a guess?    

[goldn1]

  Just a thought, it is odd that they would even think of hiring another IR firm is they thought a deal was imminent. PG and DS should be able to handle the lack of information being disclosed by OLE...      

[Goldfather]

Hey G 1, i dont think any one thinks a deal is imminent at all. They are just trying to get soem offers at this point. imo. But PG and Ole surely  think they have an attractive Project w/ 5 mil oz, construction ready etc etc... and  are hoping a legitimate buyer makes an Offer after the data is published and all Filed in a week or two. Outside of the TG offer in dec of 11, i dont think

[nailati]

I say Randgold....company has mentioned them to me a few times over the last couple years.

[Goldfather]

Rangold !  game over if they stepped in.... always said they grow organically, or buy at good prices...and Ole in their back yard...They have only 90 mil shares, and a 9 bil mkt cap....  would write a check .