Oromin Explorations Ltd OLEPF

And my partner says.......

[roadking08]

Don't usually take the time during the day but it's 36 Celsius with not much wind and I had the brilliant idea to do some landscaping. So this is my liquid break, strictly water and probably not the last. How my partner gets to his price is all Chinese to me so don't take it out on me. 

Counting the heap leach and without a new RE he has a 1.02 price and could easily go up if majors start paying more per once on buyouts. 

Back to the wheelbarrow 

PS. Pictet still buying big time, what do they know that I don't know?

[Goldfather]

Wow RK.....  youre partner isnt going to be very popular around here  w/ that prediction. But thanks anyway. :)

[bluestar]

ole just said in latest news that the RE is on schedule so i think the $1.02 is too low. still hoping for arlene type #'s in the $3.00 range. thanks.

[tony1969]

That is only roughly $350 million Roadking.  They will not sell for that. They will go into production or bluff about doing so if that is their best offer. Way too low. Just because they are running low on funds and have not drilled in a while does not mean that they will be pressured into giving this property away. The gold is there and there will be substantially more in due time. Because

[comet52]

If Chet sold for 350 mil he'd have to go into hiding for the rest of his life, lol.

[Mallard2]

IMHO what should be calculated, while we all throw out guesses as to what this will sell for, is what is the net worth of 5 million ounces of gold. At $1700 = 8.5 billion. I would think we should be able to get 10% of that for us. That calculates to $170 in ground gold and no blue sky. Tony is right, this selling for a $1 won't happen.

[Goldfather]

This will remain  a Mystery until they announce it.

[roadking08]

easy, I said a price target not a takeout price. IMHO I think you need to slap a 30 percent premium to the 1.02 and watch me tender. As much as 3 bucks sounds like a thin twenty two year old asking me out it probably has the same odds of happening.  Hoping the RE is five million but I hate disappointment so 4.5 is good news release for me and watch the ask get chewed up. September 20 would be

[Goldfather]

I look for  a good UpDate very late next week, and maybe SP  hits  $1. Next week Cash drops to $500 thou. imo.