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Oromin Explorations Ltd OLEPF



GREY:OLEPF - Post by User

Comment by Capharnaumon Mar 23, 2012 4:24pm
197 Views
Post# 19711783

RE: financing coming

RE: financing coming

Let's just say that the staff in Senegal (who speak French) are more volubile than Chet. As well, there are news in French about OLE that is not on marketwire and hasn't been relayed here either.

 

One of the news item out is that Oromin has suitors and is open to all offers as they are planning on selling the property.

 

From the info I've had, I have absolutely no idea why some shareholders are still selling. Shareholders will double their money from here before the end of year (and it might be triple). Otherwise the next step for Oromin would be to get a loan to build a mine.

 

Lastly, not all juniors drill non stop. Diluting at low prices to drill just to "keep drilling" is probably one of the dumbest moves that can be. OLE needs to do infill drilling which is only useful when there's a planned option to mine the property. For that, they either sell to someone who builds a mine, they join with Terranga or else they build a mine themselves.

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