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Oromin Explorations Ltd OLEPF

Metals & Mining Gold


GREY:OLEPF - Post by User

Oromin Explorations Ltd > Buyout price - your best guess
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Comment by Capharnaumon Apr 11, 2012 4:45pm
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Post# 19782580

RE: RE: RE: Buyout price - your best guess

RE: RE: RE: Buyout price - your best guess

Current share price is not indicative. Since public shareholders are a minority, the sales price has to satisfy the Saudis. I don't think $1.20 will satisfy the Saudis. Even $1.75 might be too low. At $1.20, they're getting gold at about $50/ounce in the ground which is too cheap.

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