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Oromin Explorations Ltd OLEPF

Metals & Mining Gold


GREY:OLEPF - Post by User

Oromin Explorations Ltd > BUYOUT COMING SOON!!!
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Comment by goldn1on Oct 21, 2009 11:14am
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Post# 16407750

RE: RE: RE: RE: RE: BUYOUT COMING SOON!!!

RE: RE: RE: RE: RE: BUYOUT COMING SOON!!!
Doublem:

Check out the volume on the tsx, getting close to a million shares. I will be buying more if my wire hits in time...

In regards to the Buyout, I have heard from more than one person that there are a number of things going on
behind the scenes with an MDL/OLE consolidation. A lot of the majors need to increase there ounces to keep there
bottomeline going, I am not sure if it will be a joint venture or bidding war. Names I have heard are IAG, Randgold and a couple others positioning themselves. I don't believe Chet has been able to negotiate the buyout number he wants, yet, but you should see something very soon.

In my opinion, the days of OLE are numbered and the number may be in the single digits...


G1


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Dealroom for high-potential pre-IPO opportunities