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Northstar Signs MOU to Mine High Grade Zone 2 at Cam Copper Mine (click to learn more)
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Bullboard - Stock Discussion Forum Oromin Explorations Ltd OLEPF

Metals & Mining Gold

GREY:OLEPF - Post Discussion

Oromin Explorations Ltd > Buyout Estimate
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Post by Mallard2 on Feb 21, 2012 10:06am

Buyout Estimate

I know I am being optimistic about the buyout price but I think that, as I have stated, for every $330M we get for the JV should equate close to $1 a share. I also have to say that I am betting that someone will buy both Teranga and Oromin. It just makes too much sense.

I won't count Chet out until this thing is sold. He likes being a prospector and as I understand it has a ship load of money but does this because it is his passion.

Comment by tony1969 on Feb 21, 2012 10:27am
Mallard I totally 110% agree that it makes perfect sense for a major to buy them both out.  Why wait till Ole makes a deal with either TGZ or some other company when you can buy them both now instead of waiting for a possibly higher price in the future.  A major would seamlessly step in and start producing large amounts of gold once they upgrade the mill to handle more gold.  They ...more  
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