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Oromin Explorations Ltd OLEPF



GREY:OLEPF - Post by User

Comment by parkssamon Apr 01, 2010 11:00am
435 Views
Post# 16948721

RE: bargain

RE: bargainGrandich comments just out

Just when my “working” vacation was to start, here Iam posting.

As noted yesterday, I believed gold was breaking out and sure enoughit and especially silver are up sharply. Stay tuned as I’ve a hunch thisis in part due to what surrounds the recent CFTC hearings.

A couple of months ago, I added a former client of mine to my modelportfolio list – Oromin Explorations Ltd. (OLE-TSX $.70). I did sobecause at the time I felt the stock had gotten too cheap. The stocktraded below $.60 earlier this week.

I received a call from Dave Scott of OLE that basically said thestock doesn’t come close to representing the value OLE’s managementfeels its worth and recognized they needed to get the story out. Upongetting the “Readers Digest” version of an update, I couldn’t haveagreed more and was engaged.

While knowing saying this could get me fired my first day on the job,I must note that the company has never spent much time and money on theIR side of things. Long-time followers know I used to say they like todrill for metals, not investors. In the long run that’s usually the bestthing, but when you look at what this company has already found in theground, what’s likely to come out of their feasibility study by the endof June, the tremendous exploration potential and knowing what’shappening to companies that show they have several million ounces ofgold available, the time has truly come for OLE to have it’s day in theSun via some real big-time promotion.

It appears I will be just a part of this greatly increasedenlightening of some very fine assets. I hope to have a report out nextweek during my “vacation”.

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