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Oromin Explorations Ltd OLEPF



GREY:OLEPF - Post by User

Comment by iop42on Mar 29, 2010 1:49pm
316 Views
Post# 16935815

RE: RE: RE: Welcome aboard IOP42

RE: RE: RE: Welcome aboard IOP42

JMC, I think I have to explain a bit.

No. 1, Granted some may be better managed than others but I don't think that is the main overall factor of most price moves in stocks. The indexes show the overall picture and gold indexes are pounded as needed. Stocks go in cycles of whats hot and whats not. It doesn't mean there is a problem with the BODs. When a stock doubles it is run by geniuses and when it halves it is run by morons, I don't think so.

As for bankers, I group, rightly or wrongly, any financial institution int banks. They have messed up themselves to the point that there is not a diaper big enough to hold the B.S. And lies coming out of their mouths. These are people that think they know everything and they decide whether you can have some money, for what, and for what price. They own brokerages so they can screw themselves some more. Everyone suffers. Don't kid yourself into believing they are on our side or anyone elses for that matter, except their own. When they want bullion down they will crash the gold stocks. The good thing is that it is becoming more difficult by the day for them to do just that because both want up. They can interfere with a trend but they can't change it.

No. 2, Why don't we shareholders demand directors have a vested interest in the company? I think they do in options and so on but not in any personal capital. There should be a vested interest on behalf of a BOD that cannot be manipulated to their own advantage regardless of a companies performance.

I've seen good news releases come at more opportune times and the stocks go down as a result. I don't see Chet's timing of news releases as the real problem as they may have had a negative impact even on the good news. Especially in the last couple of years.

Look at the sentiment indicator of insiders. https://www.canadianinsider.com/ . It as very low. Does that mean the markets are going to crash? I check insider trading but I don't count on it.

No. 3, Sure, Chet had bad timing on raising capital. But I wonder if someone or institution first shorted a boatload of OLE shares and used the placement to cover shorts? If true, that is a real problem. It undermines the company when it is most vulnerable and causes big time dilution.

No. 4, Everyone says your a pumper, about anyone they think is down and is still optimistic. One has to anti up to stay in the game. Do you think this stock is not worth sixty cents? Where do you think this stock is going? Do you disagree about the fundamentals (potential of OLE and the resource)? If not, what may I ask is your reason for being here?

I'm not here to start an argument. I would just like to know reasons besides what is obvious to what has happened and is happening and what is going to happen to OLE. eg. Political problems, permitting problems, partner problems, legal problems, money problems, geology problems, management problems or any combination thereof. Did I miss anything? What I see as of now is a potential money raising concern, which could be solved, and a timing issue regarding raising of capital. Nobody's perfect.

Oh Yea, paid pumper is as good as any PR or do you disagree? When you see them and a corresponding run up, don't complain, just sell.

Just another 2 cents.

Sueron, every little bit adds to the big picture and that is good to know. Where they drilling in all the wrong places? Paying themselves (robbing us)? Sitting on their thumbs? What?

Capharnaum, I see it your way.

It's great to see some activity here.

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