Oromin Explorations Ltd OLEPF

How can Bendon file a suit to block the....

[tony1969]

transaction (as OLE said in their last press release) if there has been no official bid?  To me there is a lot more going on than meets the eye.  I believe Chet is willing (actually wants) to deal with TGZ.  This may be why they pushed back the separation day of their poison pill. I also believe Chet is willing if not already dealing with Bendon.  He tells Bendon go ahead and sue TGZ.  It will put even more pressure on them to deal with both of us (Bendon and OLE). Yes TGZ can drop the intended bid but then what?  Their mine life continues to shrink and they continue depleting what is left of their high grade gold.  Their stock (TGZ) will eventually go lower unless they do a deal or get bought out.  This is all just my opinion but I believe that if TGZ offers Bendon about $75 million in cash (they (TGZ) now have about $60 million in cash and can easily borrow or refinance the $60 million they owe by next june)  and OLE about $75 million in stock (.87 shares of TGZ or $.62 per share for OLE if we use the $.71 TGZ was trading at when they made their intentions known) we would be close to a deal.  TGZ would only get diluted about 105 million shares for the OLE purchase and none for the Bendon cash purchase.  It would put TGZ at 350 million shares outstanding and with no JV partners to worry about.  The entire OJVG would be theirs for roughly $150 million in essense half cash and half stock.  This is EASILY doable and reasonable considering the circumstances.  Badr which is probably down to around 3% to 4% ownership by now would be given their $5 million or $6 million ($150 million X 3% or X 4%) in cash or stock.  JMHO any comments?