Oromin Explorations Ltd OLEPF

I am going to go out on a limb....

[tony1969]

here and say we do not break $.65 here in the short term.  There will probably not be any catalyst here for a bit but the update was good and the stock is very undervalued here.  We have better (up to date) numbers to go on than we did last month. With the results of the update I believe that any potential bidder has the ability to come up with an NPV that will be similar to the one the feasibility study will demonstrate. Therefore, I do not believe that a deal hinges on the study in order for it to get done.

[tony1969]

The limb I chose to go out on is showing some cracks this morning. Lets see what happens throughout the day. 

[goldn1]

  Tony:   With no drilling going on, i believe OLE is dead money until the updated feasability or if a Buyer steps up sooner. I know for a fact that OLE was about to sign a deal to sell the company last december but it got called off at the last minute. I believe Chet was winding down the cash position and drilling operation back then expecting he would have his money and be gone.  

[tony1969]

Hey G1 I agree with everything you said.  I wonder why the deal got called off?  I believe he will now take as much as he can considering that it would not make sense to start drilling now and wait another year for another update. We will be dead money until something happens here but we are again getting to attractive price levels. On another note, does anyone know the approximate

[tony1969]

As a friend of mine and fellow shareholder just told me one must also consider that OLE's gold is much higher grade than TGZ's gold. OLE's m&i gold (1.77g/t) is 51% higher gade than TGZ's m&i gold (1.17 g/t).  This is one of the most if not the most important factor that makes OLE such a valuable property.

[goldn1]

  OLE has better grade, TGZ has the mine. Advantage TGZ, in my opinion...    

[tony1969]

Limb snapped.  Ouch!!!

[tony1969]

You are right G1 but you cannot discount the importance and value that OLE's high grade gold would add to TGZ. The advantage TGZ has is obvious as their market cap is almost 3 times OLE's even with much less gold.

[tony1969]

The whole tree just came down.

[roadking08]

Hey Tony, can you lay off the fast fod and beer please. the least you weigh the more the limb will absorb our profitable aging period. I'm realy hoping that today is manipultion on share price before stink offer like on my last and only buyout. Sure has the same smell to it. getting bought out with huge market selling just before halt reminds me of january 2012. I now go out on a huge

[goldn1]

  RK:   I think you had a few juices before writing the email above. What are you asking? What will the price of a PP be if the do one? (PP= Private Placement)     G1

[Goldfather]

Hey RK.... way to go. Good idea.  But in mho,,, thet will wait till the FS (feas study)  mid jan... b4 they ( even think) to sell. They  think  that will get them a lot more $$.... and its apparent they want every  single last nickle and dime. Also apparent Buyers buyres are stingy too. This Project is like a nice house in a real bad neighborhood. PG thought