Oromin Explorations Ltd OLEPF

OLE has lost -.33 in 2013

[frankman]

Now that you can see the the lower volume trading data which confirms that an early exit in the markets into summer is occurring and that even majors are losing value this should confirm for you that M&A has curtailed for now. OLE has had ZERO insider buying since last year and s/p usually goes up NOT down during any talks. Only fantasies continue here as many companies have lost value and seldom deal from weakness. BIDS here were .47 down and anemic at close.   

Date	Close
03/05/2013	0.48
01/02/2013	0.81
Net loss	-0.33

 

Time	#	Size	Bid
14:45	1	8,000	0.47
15:27	1	10,000	0.46
8:30	1	5,000	0.45
03-Jan	1	1,000	0.445
Feb-25	4	20,500	0.44
14:53	1	22,000	0.43
10:23	1	5,000	0.42
03-Apr	1	3,000	0.41
14:53	1	10,000	0.39

Can YOU spot a trend YET?

Teranga (I sure hope you took profit)

[frankman]

Surviving on loaned cash here and the price still dropping I see no evidence of M&A activity and as we head to the summer. There is also no insider activity since last October as there is only a wishing on a star hope and prayer fantasy. Companies don't usually deal from weakness as shareholders would lynch them.     Date Close 03/05

[frankman]

Well even the technical info provided by pumpers is flawed /incomplete. Only the shiny stuff offered. And what does gold,silver prices have to do with this company anyway? I see ZERO revenue, ZERO gold production and ZERO facilities in a country risk scenario with a capex required to buy a nation. Surviving on loaned cash here at 12 percent interest compounded daily paid monthly

[lhorns]

hey frankie just want you to know that if l listened to you i would not have bought at .45 last week.things go two ways.up and down. last comment about you.

[frankman]

BIDS at close were 49,48 GAP 45   Date Close 03/12/2013 0.51 01/02/2013 0.81 Net loss -0.30   Time # Size Bid 13:11 1 1,000 0.49 03-Nov 2 51,000 0.48 03-Aug 1 9,000 0.455 03-Aug

[frankman]

Level 11 BIDS at close here were 48 GAP 45 Date Close 03/12/2013 0.49 01/02/2013 0.81 Net loss -0.32   Time # Size Bid 03-Nov 2 51,000 0.48 03-Aug 1 9,000 0.455 03-Aug 2 13,000 0.45 15:00

[frankman]

And Teranga broke a new 52 week low at $1.26. As trading volumes on the Canadian exchanges continue to lose volume as we slide into summer =lower s/p volatility=sp's drifting lower. I have observed lower TSX trading volumes again for March but would like to see the next report to confirm this.Majors are conserving cash and OLE continues to exist on credit loan $1.8 mil at 12% 

[frankman]

BIDS at close 45 down. Level 11 BIDS at close    Time # Size Bid 03-Aug 3 13,500 0.45 12:16 1 6,000 0.445 03-Jun 2 4,000 0.44 14:00 1 5,000 0.435 03-May 1 5,000 0.42 10:31 1 10,000 0.415

[frankman]

Who knew?   Date Close 04/05/2013 0.415 01/02/2013 0.81 Net loss -0.35  

[stockman6767]

frankman, learn how to add!  Net loss of  0.395 not 0.35.  

[arlene2]

Stockman---Don't question frankman-------As he states  ,   he has a degree in Economics and loads of experience........LOL                  Best Regards , Arlene2

[SPACEDOC]

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[arlene2]

Spacedoc---You are probably correct.............I was , now admitably wrong , just trying to build a larger estate for my grandchildren.........Was not just trying to make my own lifestyle better..     Regards , Arlene2

[SPACEDOC]

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[arlene2]

spacedoc----It is not a "given" at this time that I will have much,if any , less .....I prefer to wait a while longer to see if the fat lady has actually sung........As you know , I do not believe Ole shareprice will go much lower and I do believe that Ole shareprice has significant upside potential in the not too distant future...You must at least hope that I am correct, even

[SPACEDOC]

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[goldn1]

  Spacedoc:   Why wouldn't you sell everything if you are predicting $.25?     G1

[SPACEDOC]

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[frankman]

Stockman yes your correct. That was before the morning coffee as I like to start with fruit and juices not to jolt the liver. I was rounding of to the nearest penny and sometimes forget to modify elements in the table. As for writers at Kitco are all compensated so it is important to rah rah your employers product (gold bullion). Yes it is a really a bad idea to make high risk green banana

[imurhuckleberry]

Interesting.