Oromin Explorations Ltd OLEPF

RE: RE: RE: RE: RE: anybody know

[tony1969]

Hey Bluestar Chet does have his asking price but the problem is that only a few companies are interested in the property.  Not many are willing to invest somewhere around $500 million to get a mill going and start production.  That is why it will be TGZ or a major buying both OLE and TGZ together.  As I have mentioned here several times before, the best case scenario would be getting TGZ and OLE together now which would in turn draw much more interest for the combined company from a major or mid tier producer in the future. 

With all due respect it is not as you say as "simple as that".  How many companies are willing to invest that kind of cash before they see an ounce of gold?  Not many pal.

 I expect that OLE will have somekind of deal done with TGZ somewhere around $1.50 in TGZ stock before OLE's fiscal year ends in Feb 2013.  In this case I believe logic will prevail for a change. Too many synergies and too much value created simply because of their proximity and TGZ's existing mill.  Nothing else has to be said and do not expect much more than that share price above if it is in fact TGZ.  If and when they do merge things will look much brighter for a higher share price in the future.  JMHO