Oromin Explorations Ltd OLEPF

this point both TGZ and OLE realize.....

[tony1969]

that the only way they will be able to get remotely to close to their recent (2 year) highs are by becoming one.  A major will not pay $1.20 for OLE or $2.50 for TGZ.  TGZ has their costs under control which is priceless in this declining gold environment.  Again I repeat they made a $45 million profit in Q1 selling gold at about $300 under todays closing price.  I believe that OLE would rather get bought out by TGZ for $.60 than for $.80 by a major.  They know their synergies (TGZ and OLE) would immediately help both stock prices and in the long run giving shareholders much better price appreciation potential. I believe TGZ management thinks the same.  They would not sell now at these rediculous prices but they know that by combining with OLE they become a totally different growth story. I for one would like to consolidate with TGZ as they have showed that they have their costs under control.  All they need is our gold. Once all of this governmental stuff (25% buy in option and negotiations) is out of the way this month, I believe that a deal should be finalized sometime this summer.

[tony1969]

The title to my last post should have read "At this point both...."

[Roro1]

Tony - these guys should have already announced some kind of agreement already, even if it was just a letter of intent. Very odd nothing is pending at this junture.  I'm sure Chet and TGZ talk on a regular bais. I'd like to be a fly on the wall to hear what these guys talk about. Certainly not about a Naples vacation...

[Goldfather]

.....i dont know Roro....i dont think they talk much at all....  but as Tony said , friday is a big date,its  the DL for senegal nationalists 25% buy-in. Until then bidders dont know what they're buying, 90% or 65%.... throw in a mysterious 57% ownership over the years,and no wonder no one wanted to buy it. Friday will  prob be a non event publicity wise, but a TG, 

[hoosier1]

Agree, GF... not sure anybody is talking at all... also don't think Fri will be a big deal either, nothing for this stock ends up being a big deal. At this point, I am preparing myself for a total loss... no one's fault but mine.  Nice thing is I can use OLE loss to offset some other big gains. Truly a shame though... for me it highlights how wrong of a tag line... "OLE drills

[Roro1]

Let's hope so GF, but I still think that they talk on a regular basis. Too much in common, in so many ways. It's like they are next door neighbors on the block, with one guy having a well and the other guy having the water, and both having the same meddling landlord. Who would think you could buy for under .29 cents (USA) today? Jeez - PG are you buying?

[Goldfather]

H1...lets not throw in the towel just YET. As a fellow hoosier, ( loved the movie too).... i still think  we have some chances to make a few bucks here. We gotta buy at these low prices to avg down as long timers here have hi avg. Then (if) Tg and Ole get together ( superstitious and no jinx)....  the combined stock  has a great chance to be a profit for us. Yes, it will take a