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Oromin Explorations Ltd OLEPF



GREY:OLEPF - Post by User

Comment by nailation Feb 01, 2013 4:49pm
141 Views
Post# 20926976

RE: 2012 to current s/p performance - $1.09 NET LO

RE: 2012 to current s/p performance - $1.09 NET LO

Uhhh, not sure where you got those numbers from but I would recheck your sources. OLE did not trade at any of those levels over the last year....and you call me a rookie?

 

In the last year OLE is actually down from about $1.05 to $0.80 a mere 20%. And much of that is explained by an almost finalized buyout in early 2012 that drove the share price up over $1.00 last year. So really overall OLE had a pretty good 2012, contrary to what you are implying.

 

Since you are fixated on market performance for 2012, which was poor I agree, how about comparing a handful of gold stocks (or an index) to see how they did vs OLE in 2012? You will find that not many stocks did better. To reiterate my point about the strong technical indicators for OLE substantiates this. You won't find many gold stocks trading above their 50DMA as OLE is. 

 

How about we agree to disagree? I think OLE will be trading substantially higher than these levels by May. If you disagree that's cool. We can debate it forever but we won't know until May, so let''s just see how it plays out.

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