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Oromin Explorations Ltd OLEPF



GREY:OLEPF - Post by User

Post by maya123caon Oct 16, 2012 10:01am
288 Views
Post# 20488014

Today's MD&A on SEDAR

Today's MD&A on SEDAR

OLE and Bendon are still sharing expenses:

The OJVG budget for the complete 2012 calendar year is USD $6.35 million, of which our joint venture share is one-half.


Here is the current (almost) cash position:

The Company’s net working capital position at August 31, 2012 was
$1,132,497. We believe this is sufficient working capital to finance the Company’s plans for the balance of the 2012-2013 fiscal year. If a transaction involving the sale of the Company’s interest in the OJVG Gold Project occurs or is agreed to within that timeframe the Company may avoid the need for further financing.

Given that this company never meets its deadlines, I would say there is a pretty good  chance of somebody getting a free trip to Aruba!

 

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