Oromin Explorations Ltd OLEPF

BIDS 46 down as hope and prayer fades

[frankman]

Andy I have been understanding economics in this business for decades. Here is no different. It doesn't matter to the markets in this sell down mode into summer doldrums what tech or drill results are coming and couldn't care less as they preserve cash. And NO not everyone knew about the final agreement with Sprott NOR the $1.8 draw down at 12% interest compounded daily paid monthly as there was NO press release until I posted it. The company just quietly filed on SEDAR which is ok but there are investors that should know this before buying.

There are many individuals that don't even know what SEDAR is let alone accessing the info. I figured since warning people here about the price drop from about $1.00, I have help save those from making an investment mistake. Was I wrong so far?

I also know it is bummer info but until I see a turnaround with Europe and the United States I am going to keep giving my opinion. Hey when the markets if/when turn around I will then become both a buyer and a cheerleader of the markets. Until then markets are down trending into summer. Oh yes the loan cash may last a bit but with compounded interest it is going to add up never mind,  the principal and they do have other drains on the cash.

Teranga Note the sell off as gold has been flat for a year (hope all of you took profit)

Oromin