Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
News Focus
Northstar Signs MOU to Mine High Grade Zone 2 at Cam Copper Mine (click to learn more)
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Oromin Explorations Ltd OLEPF

Metals & Mining Gold


GREY:OLEPF - Post by User

Oromin Explorations Ltd > News out...
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(55)
•••
Comment by tony1969on Nov 16, 2011 1:50pm
280 Views
Post# 19242264

RE: RE: News out...

RE: RE: News out...This PR was was obviously intended to shut up us frustrated retail investors.  Apparently the bids are coming in too low in comparison to what management believes this property is worth.  The Sept.22nd web presentation showed that the company had $9.5 million left.  With a burn rate of $1 million per month, this could drag on for another 6 months.  I personally do not feel that another dilution will occur.  Taking this into account, hopefully we will have some kind of positive conclusion to this story no later than Q1 2012 at something north of $1.50 per share.

Comments?
Tony
<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities
USER FEEDBACK SURVEY ×

Be the voice that helps shape the content on site!

At Stockhouse, we’re committed to delivering content that matters to you. Your insights are key in shaping our strategy. Take a few minutes to share your feedback and help influence what you see on our site!

The Market Online in partnership with Stockhouse
Later
Participate
Not interested