GREY:OLEPF - Post by User
Comment by
falcon9on Jul 03, 2008 2:15pm
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Post# 15254491
RE: Leak In Oromin's Dam?
RE: Leak In Oromin's Dam?Price on shares has climbed 20% or so this week (amidst general market turmoil) on some good volume in anticipation of good news. Profit taking will happen. The trend is up.
The great thing about this company is the huge huge drill program on a large property teeming with near surface gold....140 000 m ....really amazing ....and ensures a steady stream of good news throughout the year.
The knockout blow (in terms of upwards share price) in the short term will be a good initial resource followed shortly after by a news release showing favourable drill results outside the three main zones.....Masato and the two Goloumas.
The chances of both happening are very high IMHO.
From the last news release.....
"To date, Oromin has completed five holes at Goumbati West, two holes at Sabodala North, six holes at Sekoto and five holes at the Niakafiri Southeast/Niakafiri Southwest targets. In addition, Oromin has initiated the drill-testing of two sub-parallel IP anomalies to the east of the Masato deposit. Results are pending for all the foregoing drill holes."