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
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.