GREY:OLEPF - Post by User
Post by
maya123caon Jul 20, 2011 11:58am
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Post# 18852026
Partnership
PartnershipIt's clear now that Chet went with this lawyer to meet the other two partners and commit to paper the agreement of all parties to act as one if and when a bid is made for the OJ V. This must have also included details of how the 13% ownership will be dealt with. The obligation of Badr to pay all of the other partners' costs plus interest is important to Oromin shareholders: it amounts to about 50 cents a share. This news is 5 years too late to impress the market, but it may bring in more bidders to compete with Iamgold when the project is finally put up for sale sometime this winter (?).