Oromin Explorations Ltd OLEPF

I wonder what Bendon feels would be a good offer for...

[tony1969]

their 43.5% stake in the project? Any guesses? I am guessing something around $.75 per share.

[Goldfather]

Tony, didnt we read that Bendon was supposed to have  $75 mil in the Project, or 50% of the funding of $150 mil... and dont they have 137 mil shares , same as OJVG.... subtracting the 10% to senegal gov, and the reported amounts Bendon missed payments... thats around .55 cents for EZ math... i too heard they are getting an offer of all three cash, shares and royalties.... 

[tony1969]

They can GF. They had about $60 million last quarter and will probably have more after this quarter.  They can easily borrow some more if they need to especially if it is for the purchase of the OJVG as they will have enough cash flow to pay the loan off after integrating with the OJVG.