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Bullboard - Stock Discussion Forum Oromin Explorations Ltd OLEPF

GREY:OLEPF - Post Discussion

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Post by parkssam on Oct 29, 2012 2:43pm

For Sale

Chet's recent interview and the update on the website means ony one thing - the For Sale sign has been hung for all to see.

 

Watch TGZ trading. We could see both go together under one  big deal with a super major.

 

Back to lurk mode

Safety to my friends on the East Coast U.S.

Comment by Goldfather on Oct 29, 2012 4:23pm
Parks; .. thanks for the heads up . TGZ is now at $2.34... close to where they were last Dec when they were supposedly negotiating w/ Ole. Note last paragraph where the Author comments on the reason for the deal falling apart..... ______________________________________________________ Miners show close tiesBarry Critchley | Jul 17, 2012 6:12 PM ET More from Barry Critchley In a digital world, ...more  
Comment by tony1969 on Oct 29, 2012 9:01pm
On page 4 of the presentation made public today there are the 2012 milestones. Near the bottom there is one milestone that states: "Forming the Senegalese operating company, SOMIGOL, is near completion." This stands out to me.  I do not remember them talking about this (operating company) before.  I assume that this deals with formalizing the agreement that OLE has with the ...more  
Comment by hoosier1 on Oct 30, 2012 3:33pm
tony The formation of a Senegalese corporation has been in every FS Oromin has put out for at least 2 or three years... they never did it but in the FS it always stated "...OJVG is in the process of establishing..." the company... We (this board) talked about it in August too, since that is when they finally got around to doing it.  Under the Mining Code of Senegal, the ...more  
Comment by tony1969 on Oct 30, 2012 4:20pm
Thanks hoosier I knew about the 10% to be held by the government but did not know they had to have an operating company to do this.   Thanks for clarifying it for me.
Comment by roadking08 on Oct 30, 2012 9:36pm
Too quiet for my big position...If I keep cracking open cold cans from fridge tonight I might just start "for sale" sweepstakes on buyout price with same sunny prize accompanied with 2 plane tickets but this time free use of my 2007 KIA SUV down there, just pay the gas with OLE profits. snap crakkle pop  
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