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

Sign In

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

or

Please Try Again {{ error }}

Send my password

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.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Oromin Explorations Ltd OLEPF



GREY:OLEPF - Post by User

Comment by Capharnaumon Mar 23, 2012 4:33pm
226 Views
Post# 19711842

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.

<< Previous
Bullboard Posts
Next >>