Oromin Explorations Ltd OLEPF

We are back to about a $140 million...

[tony1969]

market cap.  Less than $30 per ounce in the ground not counting further ounce potential.

TGZ is down to about a $325 millon market cap.  Less than the cost of their mill and its upgrade.  If these two adjoining properties are not takover candidates now then they will never be.  Both companies are valued at $465 million when they can make about half of that in profit a year assumming $1550 gold and about 350k ounces in production with a cost of $700 per ounce. Unreal. Combined they are worth twice as much.

[Roro1]

Tony - ya never know what's going on behind the scens. I have to believe a lot is going on. Don't want to see PG getting a divorse. 

[tony1969]

Something should be going on especially between these two companies.  I know no one wants to hear it but they are the key to each others future.  No doubt about it. OLE is for sale and there is a price for everything so they eventually will get a bid by someone and TGZ will either be involved or left out.  TGZ's Trump card is their mill. Without it they would have

[tony1969]

Thanks for the ratings guys. Sorry for the "even" typo. As I have mentioned in the past, this spring should bring the end of the road for OLE as an independent company.  Whether it is for $.75 or $1.25 per share is the question.  They will take the highest bid and move on. By then they will have proven and promoted themselves to any interested party including TGZ.