Oromin Explorations Ltd OLEPF

Thanks adit123, I try and come up....

[tony1969]

with some scenarios that I believe to be possible and try and get all of you guys to give your opinion or come up with your own guesstimates of how this will end.  What keeps me in this investment and will keep me until there is a deal is the fact that they basically have 5 million ounces of 1.75 grade gold. That is very high grade for this region   With a roughly $230 million market cap (using OLE's fully diluted 150.6 million shares) between all 3 partners you are still getting a big bargain down here.  I give Bendon about 137 million shares because they do not have the 13.6 million stock options that OLE's management and employees have.n

Also remember that Badr does not own 13% because they have not been contributing to the project and have been diluted several times when the company has raised cash.  We (OLE) probably have somewhere north of 45% of the venture.

[hoosier1]

tony Re Badr (& Bendon for that fact), you are not correct in saying they have been diluted.  The issuing of shares is only an Oromin Exploration issue/phenomenon.  Only we shareholders of the company OLE are diluted... OLE & Bendon always hold 43.5% and Badr always holds 13% of OJVG The only dilution for Bendon & Badr come from the Senegalese govt getting their 10% Also

[tony1969]

Thanks for clearing that up hoosier.  I do believe that Bendon has not been keeping up with their part of the deal because as you said it does not look like they have from the statements and this has also been confirmed to me by 2 other investors.  We may still get north of 45% if this is the case. 

[goldn1]

  Tony:   One day Oroming is going to be sold, I hope. Have you thought about what you are going to do with all of your time after this is all over? FYI, I am just playing, you have some great ideas and I wish OLE was a lot more transparant as, in my opinion, a public company should be. I do know I will get a lot more down once this is over. Have a good weekend, see you at a dolphin game

[adit123]

Have you thought about what you are going to do with all of your time after this is all over? I don't know about tony, but I have several other stocks who are just about as frustrating that will take the place or OLE! Is the nature of this business! I will say, however, that except for a few knuckleheads (we all know who they are), posters on this bb are very serious and analytical and have

[eljoro]

When the OLE BB starts to fill up/be infiltrated with dozens of new bashers and pumpers all at once we'll know we're finally close to getting sold...   Thanks for the great discussions. I only own 15K of OLE and haven't been here as long as the rest of you so I tend to defer to my BB "elders", and don't post much.   Cheers, El Joro

[tony1969]

Hey G1, When this is all done with I will look for another trade and probably be just as passionate and obsessed about it.  I have been trading for 26 years now but I have never ever held on to a stock for as long as I have OLE. I love the market and have been fascinated by it for years.  I usually trade beaten down blue chips and I believe that this is the first time that