Oromin Explorations Ltd OLEPF

reply to:UPCOMING DRILL RESULTS

[yosimite]

If IR advised you that drill results will be out this week they have breeched a fiduciary duty to the shareholder, as well as legal requirements of the SEC, so I call B.S.

Furthermore, as you should be aware Oromin may not claim new ounces until a NI 43-101 compiant resource estimate has been completed.  Therefore new drill results will be stated in new holes, grades and depths as per legal requirements of the SEC. (security exchange commission).

It is rather unconvenient for the short term investor that such companies may not make frivalous announcements of "proven ounces" until a true engineering estimate has been completed as per the standards set out by NI 43-101.

However, should Oromin continue to drill such significant results as we have seen in Epsilon (not included in the existing NI 43-101 resource estimate), there will be a time when a NI 43-101 compiant resource estimate will indicate the true value of the deposits contained within Oromin's claim block. 

Until such time, investors unable to complete their own "proven ounces" calculations will have to rely on new holes, grades and depths. 

Personally I am looking forward, with great anticipation, to the news of:
i)    new holes
II)   grades
iii)  depths

Keep on drilling boys.  Results are excellent.

[goldn1]

Yosimite:First of all, I do not believe Oromin is regulated by the SEC as they are on the TSX.Second, I have no reason to lie and still have the e-mail from IR telling me drill results will be out this week. Ifthere breached any laws, I am not surprised, as management is clueless regarding how to run a company.Let;s see if the results come this week, if I knew who you were, I would be happy to

[sueron]

I am not surprised, as management is clueless regarding how to run a company....You hit the nail on the head with this comment.Oromin has had nothing but BAD public releations.Just look at the results they have got so far?.Ron

[bluestar]

i have to agree that management has not done much to update shareholders or to do any kind of pr to pump up the sp. however,with that being the case,it has created an incredible buying opportunity for those who do their dd and can see that this is an extraordinary gold find. i think eventually the proven resource will become large enough that this stock takes off or gets taken out despite the

[stateside]

Based on past experience, look for a press release late Christmas Eve most likely as soon as Santa lifts off from the North Pole.  The perverse goal of management is to bury any news whether good or bad so that the least number of people have any chance at all of reading it.  This will be management's gift to it's retail shareholders.stateside

[goldn1]

For what it's worth, here is the e-mail from Dave Scott advising me that the drill results would be out last week. He has lied before, but he would have been better off saying nothing. Now if they release during Xmas or New Years week, we won't see as much action as the markets are typically slow. Again, it seems they like to bury any news... A bit suprising due to the fact that the

[rogueecon]

Management has been almost anti- promotional over the past several years that I have been a shareholder.  Seem to be reasoning that the gold in the ground is worth the same to the eventual buyer in the end so why waste time and resources "pumping"; neglecting the fact that without promotion financings have resulted in more dilution then would be the case with a reasonable level of

[imurhuckleberry]

In this "gold bull market," any news at all is good news. After the news release look for the share price to to add 10%-15% and a volume increase come the later part of January. That should get the sp moving some as well. We'll most likely have to dilute again, as it's evident the management is going to let the resources speak for themselves. Hopefully, by then the sp will be $1

[stateside]

Someone at OLE screwed up and released results today when 99% of investors aren't reading the news instead of late tomorrow night when 99.99% don't care.  Look for an IR firing for Christmas Day.  Keep suppressing the good news boys.  It must be part of your overall strategy.  Whatever that strategy is.............it most definately is NOT TO INCREASE SHAREHOLDER