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Bullboard - Stock Discussion Forum Oromin Explorations Ltd OLEPF

GREY:OLEPF - Post Discussion

Oromin Explorations Ltd > Resource UpDate Coming Soon !
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Post by Goldfather on Mar 17, 2011 11:56am

Resource UpDate Coming Soon !

OROMIN ANNOUNCES  4.5 MIL  GOLD OZ.....

Sounds   good , doenst it !  Gonna happen  very soon .....

I think the chances are good they get the Update NR out by the end of March. My sources say they will. I say better that 50% chance. I have heard from good sources they will show 4.5 to 5 mil oz. Which is absolutely Fantastic ! Going from the 3.5 mil at the last UD this summer/fall which were for OZ to May. Then coming up w/ another 1 mil Oz in 6 months is very Impressive. I see the sp Spiking Big Time w/ the NR…… now Chet may delay the NR a bit till the Japan deal subsides a bit, or until POG gets solidly back into the 1400's… But my sources say NR very soon…. also hearing the Co get Restructured w/ the Saudis. Lots of chatter on that Issue. At the stroke of the Pen that happens… this thing goes to $2.50 … easy. Then its off to the Races , then the Buy Out….I see it happening after the New upcoming Feasibility Study mid summer. That could show 6 mil Oz ! WOW !!!! This Co moves at Glacier Speed, but stuff is Now poised to start happening
Comment by doublem2 on Mar 17, 2011 12:53pm
Godfather,    Thanks for the post, it has been geeting very quite here as of late. If we show 6mill OZ this summer, and restructuring, what would you speculate as a Buyout Price?doublem2
Comment by Goldfather on Mar 17, 2011 1:51pm
  DBl2....   my other post didnt make it.hard to say. Depends what the Restructuring Deal is. Could just be a 50/50 Deal, and how many new shares they had to Issue to get to the 50%. But on the Restructuring, I see the sp instantly going to 2.50.... then slowly get back to the passt hi of $4....... and a b/o of 6-8 conservativelyThrow in a Merger w/ Ole/Teranga/Iamgold   ...more  
Comment by bluestar on Mar 17, 2011 9:06pm
the deal with the saudis is key for ole to move forward. i have also heard it is very close now.  i have been adding more shares again and plan on holding for the bidding war.
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