Oromin Explorations Ltd OLEPF

Time to rejoice!

[Capharnaum]

At $30/ounce indicated, buyout would be $1B, or at least $430M for OLE. Since Badr needs to pay for capex + interests, you can probably add another $50M on top of it. Hence I expect at least $3/share.

[Capharnaum]

Looking at IMG financials, I think a deal could be $1.60 per share in cash + 1/10th IMG share for each OLE share. At current value, deal would be worth $3.50 per share for OLE shareholders.Hoping Chet can close this for Christmas and give all the shareholders an early gift.

[Goldfather]

  Ok,,,  who has an idea of whats Next ?  Another 7 pm est NR tonite, fri, next monday etc...?... or late next week...  and who is it?.. perseus, semafo, iamgold ,terango ?  and stock or cash ?. $1.10 helped todaqy thats for sure.

[Goldfather]

Oromin shares surges on takeover talksThere is not much to go on, but it's safe to say there's a great deal of interest in Oromin's statement it is in tentative takeover talks.Posted:  Thursday , 08 Dec 2011 HALIFAX, NS -  After prodding from the TSX Market Surveillance department, Oromin Exploration (TSX: OLE) acknowledged it was in talks with a suitor that might lead

[bluestar]

the sp is very cheap considering a deal is in the works.  i would expect more of a run as the buyout could happen anytime as talks have been on for quite some time. i tend to agree with an earlier post that it might be cash and shares. the shares would be a way for chet to sell all the blue sky that ole has as the future performance would hinge partially on the monetization of that blue sky