Oromin Explorations Ltd OLEPF

RE: RE: Takeover premium

[minedtheprofit1]

if there's ever a bid for this company it wouldn't be in the same ballpark as peregine got from swc. at best it will be 20% to ole which only owns 43.5 of the project which people tend to forget. 20pct is nothing to sneeze at though. at today's closing price it's fully valued. the likely acquiror is teranga gold which is right next door - that has an actual operation. it won't make any sense for someone else to bid on it. given the volume and price run up this week it's likely that something is in the works but i don't think the premium will be anymore than what people have indicated here or hope for.