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Bullboard - Stock Discussion Forum Oromin Explorations Ltd OLEPF

Metals & Mining Gold

GREY:OLEPF - Post Discussion

Oromin Explorations Ltd > Think Big! Why Not a Giant Merger?
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Post by socalbernie on Apr 19, 2012 6:16pm

Think Big! Why Not a Giant Merger?

It would take a long time to put such a deal together (Teranga, Oromin plus Massawa now owned by Randgold). We are now into almost 9 months into negotiations. Certainly RBC plus Goldman Sachs are capable if all parties were amenable.

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A merger would solve a lot of problems. This biggest being solved by providing the oxide ore needed  to justify putting Massawa into production. Randgold has been trying to find this on their concession for about 2 years with no success. This in turn would also allow pulling grid power to the area lowering costs for both Teranga & Oromin.

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The new entity would start out with 10 million ounces of resources. This could quickly ramp up to 15 million ounces with Oromin supplying most of this.

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Above map was copied from  the Oromin Corporate Presentation of October 2010.

Comment by tony1969 on Apr 19, 2012 6:25pm
Social, as you guys know I have always thought that TGZ would be a part of this somehow.  I posted about a month ago that I thought it would be some type of simultaneous deal.  A huge merger like this makes perfect sense. 
Comment by tony1969 on Apr 19, 2012 6:26pm
Social, as you guys know I have always thought that TGZ would be a part of this somehow.  I posted about a month ago that I thought it would be some type of simultaneous deal.  A huge merger like this makes perfect sense. 
Comment by tony1969 on Apr 19, 2012 6:26pm
Social, as you guys know I have always thought that TGZ would be a part of this somehow.  I posted about a month ago that I thought it would be some type of simultaneous deal.  A huge merger like this makes perfect sense. 
Comment by tony1969 on Apr 19, 2012 6:27pm
Social, as you guys know I have always thought that TGZ would be a part of this somehow.  I posted about a month ago that I thought it would be some type of simultaneous deal.  A huge merger like this makes perfect sense. Good luck to all.
Comment by tony1969 on Apr 19, 2012 11:04pm
Social, as you guys know I have always thought that TGZ would be a part of this somehow.  I posted about a month ago that I thought it would be some type of simultaneous deal.  A huge merger like this makes perfect sense. You make very good pionts.
Comment by tony1969 on Apr 19, 2012 11:11pm
Sorry for all the same posts guys.  My computer was giving me an error and I thought they were not going through.
Oromin Explorations Ltd