Oromin Explorations Ltd OLEPF

Teranga

[topoftheridge]

As many think Teranga makes sense here...

what do you think of this?

value of OJVG $ 650 + million

.85 ( or more) share of Teranga for each Ole 

Badr gets $25 million in cash ( should  this be more or less?)

Bendon gets to hold onto a percentage of the entire new terenga,  something like 29 to 33%.

sell the whole thing to Randgold for close to $ 2 billion in a year?

all Teranga needs now is $ for Badr... Makes great sense to me, although I admit my numbers might not be right or fair

[Goldfather]

Tony... youre preaching to the Choir....  get chet to listen...... bet tgz goes along w/ that too..... But i think Maya here is saying Badr will eb getting a lot lower ( "will settle for an appraised price in perhaps in the low$$  Millions "). Maya , please correct. As  that  ## would help the Deal get done.

[tony1969]

Hey GF I believe you meant to say Top not Tony in your last post.

[hoosier1]

If TGZ (or whomever) acquires Oromin....they would be smart to only buy Oromin(OLE)...ignore Bendon & Badr. B&B may not like it but they cannot control it.  This way TGZ gets 43.5% of OJVG, and complete operating control without having to pay any additional monies for B&B's part.  Plus per the agreement (which as never been oficially changed) Bendon HAS to pay half

[SPACEDOC]

This post has been removed in accordance with Community Policy

[Goldfather]

  Tony/Top....  yes thats rite... Top...just get w/ Chet.... tell him Teranga's on board .

[hoosier1]

"What but otu price are you looking for?" Space: Basically, what ever the f$$$ we can get...at this point.. h1