Oromin Explorations Ltd OLEPF

This huge decline in gold is good for TGZ (negotiations) as in my opinion it will.....

[tony1969]

make it easier for them to finalize a deal with OLE. It will not be great for us as there may not be much of a premium but it might expedite things.  I do not think TGZ will pull out of the deal because it would be crushing for them if they cannot extend their mine life with a company they have been after for a couple of years now.  This is why I say that they will do everything possible to get those ounces. It also helps that Chet is willing to deal. If Bendon thinks we are worth so much more than what TGZ is offering then why don't they make a bid for OLE and force TGZ to match or go higher? They would force TGZ to pay more or lose the OLE portion to them. Bendon would then own 87% of the OJVG. Just something to think about.

[SPACEDOC]

This post has been removed in accordance with Community Policy

[Goldfather]

i agree Tony.... i think the low Tg sp is helping negotiations too. Has taken a lot of steam out of Tg and made them more negotiable.... but does seem Tg is doing better than Ole sp, as Ole keeps diving. I do see it touching 20 cents now......btw, on Goldseek.com, theres a n article and chart showing Tg as one of the lowest cost Producers... and the comment is that many Producers will be forced to

[imurhuckleberry]

Since when has demand dictated the price of gold? It's paper traded...manipulation has been the powerful agent.