Oromin Explorations Ltd OLEPF

Oromin will be sold soon

[Capharnaum]

For all his faults, Chet has never been shy about raising money on the market. I fully believe that unless he was certain to sell OLE before it ran out of cash, Chet would have raised money when the share price recently hung around 80 cents. Imo, the transaction is just waiting on the PFS as it will be used by the buyer to justify the transaction to their own shareholders.

[adit123]

 Imo, the transaction is just waiting on the PFS as it will be used by the buyer to justify the transaction to their own shareholders. Here is hoping your opinion is correct...!

[hoosier1]

Hope you're right Cap. h1

[Roro1]

Cap - great point.  It all adds up.

[Goldfather]

...........good point Cap ! ... I agree totally...... also, you'd think with so much riding on the FS, and so many VIP's waiting for the FS  this time, and a $750 mil deal ( 3/4's of a $billion !! ) waiting for SRK to deliver on time ( for once)... I believe  that they will  in fact ,  deliver in late  December!!!!!........I agree w/ Cap

[Roro1]

I imagine that Chet would have already consummated and announced financing by this time. Cash is running real low at this point. But Chet doesn't seem worried. Hopefully deal is just about done.  Big test for the Phins this week. Keep your seatbelt on Tony! Best-Roro

[roadking08]

Maybe my most valuable post ever. Always said price of buyout #3 would be pushed down before something would happen to make offer look more attractive premium wise and that would be the signal.... I'm going to back up what is left in my wheelbarrow tomorrow and buy if price sticks around 0.65. TGZ had second best volume day in last 3 months with GMP Capital buying $431,262