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Bullboard - Stock Discussion Forum Oromin Explorations Ltd OLEPF

GREY:OLEPF - Post Discussion

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Post by edmed on Mar 04, 2013 12:31pm

PDAC

spoke to the boys at Oromin yesterday at the PDAC conference

they estimate they have enough money on hand to go another 12-18 months.

cash burn at the camp is about 150,000 monthly

Sole purpose of management seems to be to get this property sold.

Although TGZ would be the most logical choice I think they are very far apart in price

They would not commit as to whether there are any other interested parties.

Nothing to do but sit and wait.

Hopefully Senecal will put some pressure on both sides to get a deal done.

It would be better for their mining Industry if this were to happen.

here's hoping

trying to be more optomistic than PG seemed in his last letter

Comment by roadking08 on Mar 04, 2013 12:55pm
Thanks edmed for the good info from PDAC...much appreciated.
Comment by Goldfather on Mar 04, 2013 1:13pm
Thank you edmed....thats more info than we have recd from the Co in a long time. !   Can you add anything else ?... did they comment at all on the Senegal Gov officials that made the trip and are Speaking as well as mallo from Ole tuesday... Both are on the shcedule. The trip from Senegal to Toronto is quite a hike, and am assuming Chet  brought them along for specific duties  ...more  
Comment by edmed on Mar 04, 2013 1:27pm
I think it is a good sign that a presentation is being given. Also why bring Senegal officials all the way here if there aren't goiing to be some serious talks going on? Hopefully the interested parties can compromise to the benefit of all, including us shareholders.  
Comment by goldn1 on Mar 04, 2013 5:38pm
  GF:   Any idea when Mallo is speaking?     G1  
Comment by Goldfather on Mar 04, 2013 7:07pm
on the Co ws.... shows all the speakers, agenda... tuesday afetrnoon i think... take a look
Comment by goldn1 on Mar 05, 2013 10:07am
  Thanks GF, wasn't aware they knew how to update their website. The information is below, hopefully we will get an NR or at least a transcript of the Q&A.     G1       February 21, 2013 Oromin Explorations to Present at the 2013 PDAC   Vancouver, B.C. - Oromin Explorations Ltd. (the "Company") is pleased to ...more  
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