More PG comments tonighthttps://www.grandich.com/2012/12/grandich-client-oromin-explorations/
I was very pleased to see OLE has set the release of critical data for sometime in the second half of January. For starters, from now to years-end is a horrible time to release good information (and yes, if it was going to be disappointing I believe they would have done all they could to get it out between Christmas and New Year). I also very much like the reasons they gave in their release:
“…due to the new resource model driving more significant physical and economic updates than were anticipated…”
My interpretation of this is they’ve been pleasantly surprised as the numbers came together
“…we expect the capital and operating parameters of the updated studies will embrace significantly increased mineral processing quantities and mine lives from those set out in our 2010 CIL Feasibility Study and 2011 heap leach PEA…”
Meanwhile, potential suitor/merger candidate Teranga Gold continues to trade as a stock under heavy accumulation. While these two joining forces makes the most sense, it’s also possible a larger third party goes after one first; making the takeover of the other likely easier. This thought is appealing if one thinks TGZ is not as anxious to tie the know with OLE as OLE is with it.
PLEASE!!!! Don’t email or call asking me about why some poster is claiming on the Internet that this delay is bad news. First it isn’t (as just noted why) and two, I can never understand how someone can say its bad news and bad management yet continue to hold the stock. If a 30-day delivery difference in the most important data gathering OLE has done since its inception is a sign of bad news and management, you’ve no real idea how the process works. I’ll say it again – I was most please with the latest news from OLE.