GREY:OLEPF - Post by User
Comment by
socalbernieon Oct 26, 2009 6:13am
383 Views
Post# 16422538
RE: RE: RE: BUYOUT COMING SOON!!!
RE: RE: RE: BUYOUT COMING SOON!!!G1,
What information do you have that a deal will happen in the next few days and that it will involve a consolidation of MDL & Oromin?
Why would Oromin agree to combine with weaker MDL (lower grade ore plus 2 years of hedged production at $850) - wouldn't that dilute the value of the deal? Continuing drilling & assays at the Oromin high-grade deposits could produce spectacular results in the next few months. The updated PFS in February likely will show the company in a much more favorable light than the rushed initial PFS including a big jump in reserves. With the burden of over 100 million shares fully diluted, a deal right now just doesn't make any sense for Oromin shareholders. I hope a fat offer on the table now makes me wrong on this.