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Oromin Explorations Ltd OLEPF



GREY:OLEPF - Post by User

Comment by Goldfatheron Jul 14, 2012 1:56pm
235 Views
Post# 20113664

RE: RE: RE: RE: RE: RE: RE: RE: More Jim Sinclair.

RE: RE: RE: RE: RE: RE: RE: RE: More Jim Sinclair.

tony, yes looks like they will have only about $1 mil at eyars end. Per theire  WS, they  disclose $3 mil as of May.  And if memory serves, i think they disclosed $5.5 mil a/o dec 31.? You and i talked and agreed that was the last #., therefore they went thru  $ 2.5 mil from jan to May. Pending when in may, 1 or 31, thats 800k p/ mo approx p/mo.....using a conservative and thrifty  $250 p/month   forward, thats  apprx $ 2 mil thru dec, and leaves them the $ 1 mil.... Hardly enough for chets  pocket change.... Much too tight to run a company, and make it look like they dont NEED to sell.   Looks like the "Reserved One "  will have to tell his Shareholders whats going on for a change. But hes got Lennox- King on his tail, and maybe thrown of the Rox board, along w/ his crony and fellow Ole bod member sibthorpe.... so, hes got a lot on his plate. IF they do raise another Dilution, what would be the Incentive for the Investor? Buy  at 50-60 cents? I guess being able to buy several million shares this way is much easier.......   I also think Lennox King is now monitoring Ole  for TGZ.  And it would be Great for us ole retailers if lennx King started poking around Ole.  It would move the sp up on a take over or b/o talks, then Chet steps to the plate and sells. Personally, I think his price Now would be the same as a sale in 1 or 2 years. Remember the sp  shouldnt be a factor. Its the Price of the Project that counts. Its worth X, regardless what the sp is. Its a JR, doesnt make a dime...... and  Factor in the Dilution, all the other un known risk, future Euro probs, and now theyre talking China faces big internal probs too. If they diceid to call all the US Notes the have , all hell could break loose.  Who knows whats around the corner....... "Reserved One" ,  Save some face, negotiate hard  and sell this GD thing now.

 

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