Oromin Explorations Ltd OLEPF

Merger in the making?

[figtrader]

Can't help but think that a merger of equals of OVJG and Teranga is one of the proposals but that gold hedge of Teranga's is nasty.  Maybe a more senior producer can afford it.  An affordable way to engineer /pay for it would be to put in a heap leach operation.  The expanded Teranga mill would be far more profitable mining operation mining higher grades.  Just thinking.  Anybody know who holds that Teranga 2 m oz  hedge ?  : ))  Wouldn't be Bendon would it?

[Goldfather]

  Fig....i hear teranga and Ole dont care for each other.... and i want to egt paid Now.... Teranga is in bad shape... the sp has  not been higher than the IPo price....no, i hope anybody that can pay NOW will buy em. Heck a $5   sp b/o w/ Teranga would be like  a  2   Txz shares for  1  Ole   and  a lot of cash that TXZ doenst have.

[Goldfather]

Correction.... teranga has 18.7 mil  shares of Ole... and a 15% stake at the time of the Purchase. X $5 is   $93 mil. A 5 bagger is pretty good in 15 months. !

[arlene2]

Fig/goldfarter----Have you given any thought to African Barrick (with help from Barrick) bought both Terranga & Ole?

[Goldfather]

   Snarlene.....Good one. Yes African Barrick......lots of dough.... and i think Chet has sold some of his other projects to them..... 

[hoosier1]

I agree that Teranga doesn't have what it takes... a lot of us have been saying that for a long time...problems with their reserves, money, etc... I would believe that MDL spun them off to get rid of it (or at least to dilute their exposure)..African Barrick or Barrick I like.... IMOh1PS... Goldfather, come'on man... chill a bit... the "snarlene" wasn't necessary... we all

[Goldfather]

H1... you missed it  !   reread previous post.   was a joke