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Oromin Explorations Ltd OLEPF



GREY:OLEPF - Post by User

Comment by topoftheridgeon Feb 02, 2013 9:15am
231 Views
Post# 20928621

RE: Low bid

RE: Low bid

Hey someday2,

that is a great question,

IMO we have a summer low of 50 cents, so some taking profits, also so many years and many are frustrated...

the long termers here (life sentence?) knew we had a great property and proven leader.  However, Chet has "drilled for gold, not for investors" and thus frustration is abundant.  The ownership structure does not lend itself to easy buyout. (see my post "private equity" from earlier Friday)

the facts are property has (lots) more than 5 million ounces, surrounds a working gold mine, we have motivated sellers, and at this point in the ordeal, Chet is the most experienced and focused man in the business,

Many here say by "May or June" but i think things will move earlier, Randgold should be interested with the other obvious suitors.

will be more than $1.40 but less than $2.99, current OLE share price does not come close to representing the OJVG price, which is what is for sale.

good luck all.

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