Oromin Explorations Ltd OLEPF

How cheap is OLE?

[tony1969]

OLE is so undervalued right now at $.57 that TGZ can buy 30% of the entire OJVG that they do not own for the $45 million in cash that they had on Dec 31st 2012. That is 30% of the portion that they do not own of public OLE, 30% of Bendon's stake and 30% of Badr's stake which is minimal.

Oromin - 118.7 million shares not owned at .57 =  $67.6 million

Bendon - 137.4 million shares at .57 = $78.3

Badr???? Maybe 3 to 3.5% of project. At .57 about $4 million

Total TGZ does not own $149.9 million / $45 million = 30%

That is how cheap OLE is.  If you sell here you are giving it away.  Just my opinion.

[tony1969]

Using my previous post with all of the TGZ ownership and non ownership calculations (giving Badr 8 million shares) if TGZ steals us for $250 million it would equate to exactly $.95 per share or 67% higher from here.  $300 million would be $1.14 and $350 million would be $1.33. You have to look beyond this weakness an realize the tremendous value down here.  I know with the