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Oromin Explorations Ltd OLEPF



GREY:OLEPF - Post by User

Comment by arlene2on Sep 09, 2011 5:02pm
384 Views
Post# 19028029

RE: really?

RE: really?iop42---No thx...No TGZ for me.........However , I did think that with Hill's ties into Barrick (worked for them close to 20 years) , combined with Chet's ties into Barrick (has sold to them previous projects) , that Barrick might help African Barrick buy  both Ole & TGZ....I do believe African Barrick , as well as Iamgold (along with others) , will be / are very interested in Ole...I do agree with your assessment that juniors and exploration pm companies have been in a slump....I also agree that it is now changing and as much as I want out of Ole ,I believe anything less than $5/share at this time would be an absolute steal.Frankly , it would ,  IMO ,   be better not to sell right now...Buyout price for Ole could easily be in double digits if not sold for another year due to the aforementioned changes just now starting...But  , financing problems could preclude that possibility and most current shareholders would most likely be in an uproar.......Who knows.....Certainly not me ....I am no expert..
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