Oromin Explorations Ltd OLEPF

On April 27th, 2012, IAG agreed to buy...

[tony1969]

Trelawney Mining for $585 in cash.  That day OLE was trading at $.75. I remember IAG's purchase having an immediate negative impact on OLE shares.  In the following 12 trading days OLE stock was down to $.51. Take a look at chart. OLE closed at $.51 on May 15th 2012.  What I am trying to say here is that being that IAG is our second biggest shareholder many investors believed and still believe that IAG will buy OLE.

IAG closed down another 5% at a 52 week low of $7.92 today.  As you all know on Feb.1st their CFO said that they had $2 billion in liquidity for mergers and acquisitions.  They mentioned that they will pay cash as management knows that you cannot use a stock that is trading at its lows.

I heard Bob Pisani on CNBC this afternoon say that gold stocks closed at 3 and a half year lows. Nevertheless OLE was only down a penny in Canada to $.74.  The stock is holding strong which may mean that the smart money knows that we may be in the home stretch. 

As far as TGZ.  Since Jan 23rd when it closed at $2.33 it has lost $170 million in market cap.  I believe we are close to max pain for them here at $1.64.  Lets see what they say next week in their conference call.  It should be very interesting.

[Goldfather]

P Grandich recent  quote on Ole.... "The reduction in target price IMHO is more of a reality of this vicious junior resource bear market than anything else. It’s hard to justify a target price of more than double a current share price."

[goldn1]

  GF:   This is a very sobering statement.   :"It’s hard to justify a target price of more than double a current share price."   Although SpaceDoc is going to bttch at me for this. I feel PG is being no more than a paid cheerleader for Chet, trying to justify everything Chet does, blaming it on the "State of the junior market" rather than missteps by Chet

[SPACEDOC]

This post has been removed in accordance with Community Policy

[arlene2]

G1-----SADLY  , I agree....        Best Regards , Arlene2

[goldn1]

  Arlene:   I was hoping we would get the numbers you were looking at. This company was clearly mis-managed and Chet to stick to prospecting and leave running a company to someone who is experienced. Madison Minerals was a bust, i hope Oromin doesn't get the the madison minerals stock price, but this just proves that Chet can find gold, just can't create value for shareholders

[goldn1]

  SpaceDoc:   What is wrong, that this is PG's second time around with OLE and he used to pump this stock at triple the price? (this is accurate)   That he is Chet's chearleader? (hmmm... One day he tells his investors that OLE is a lottery ticket, then he tones it down after a direct discussion with management, now he is setting up investors not to expect a double when he

[parkssam]

Frankman has no interest but to get his jollies off thinking he's causing some pain to OLE shareholders. Treetop is not interested in OLE and is in love and currently taking a bath on TGZ. But at least both are clear in what they are up to and where they stand without being slanderous. Goldn1 on the otherhand, has just made a post that made me say enough os enough. He not only makes

[IloveNDM]

right on parkie. Goldn1 is just a cry baby.

[goldn1]

  Parks:   Do you feel if Oromin spent $135 million over the last 7+ years to get $135 million, this is a success? Should management be praised and given millions in termination payments, options, etc. Have you ever met Chet, been approached to participate in a private placement. When he needs your money, he is all smiles. When he has your money, he runs the company similiar to his