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Bullboard - Stock Discussion Forum Oromin Explorations Ltd OLEPF

GREY:OLEPF - Post Discussion

Oromin Explorations Ltd > Both TGZ and OLE will be one by June...
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Post by tony1969 on Apr 09, 2013 4:42pm

Both TGZ and OLE will be one by June...

TGZ has been under pressure and OLE has been holding around .45.  Both companies will benefit as they will be one of the largest mining operations in west africa.   They will have the only mill in Senegal and enough gold to mine for 20 years. TGZ needs to extend its mine life and OLE needs to sell or merge asap. There may not be much of a premium in the transaction but both stocks will benefit tremendously when a deal is made.  This is the worst kept secret in west african mining and is why others have not approached OLE knowing that they would have to buy TGZ as well.  Chet has held on long enough and I believe he knows that this is his best option. This is just my opinion but I truly feel that something will happen before June.
Comment by goldn1 on Apr 09, 2013 6:46pm
  Tony:   I know it is just your opinion, but why would you think TGZ and OLE would get together by June. Whether they hired a new PR firm two months ago or two days ago is doesn't give a good sign that discussions are getting any closer to being done. Certainly the stock isn't looking like something will happen in the near future as I don't think too many people would ...more  
Comment by parkssam on Apr 09, 2013 7:16pm
you tell tony basically why would anyone want to own this stock yet how many years have you goldn1 and exactly how much profit did you see evaporate?Oh wait, it's all Chet's fault-lol
Comment by tony1969 on Apr 09, 2013 7:24pm
It is just speculation G1 but OLE has nothing else to prove.  Any potential bidder has had more than enough time to think about this project.  A lot can happen in a couple of months and an improved gold price and TGZ share price can make this happen.  TGZ just signed a long term deal with Senegal that enables them to know what their royalties and taxes will be which enables them to ...more  
Comment by IloveNDM on Apr 09, 2013 7:55pm
right on poarkie on goldn nut   oh wait you're me-lol
Comment by Roro1 on Apr 09, 2013 7:58pm
PG also said deal by June.
Comment by imurhuckleberry on Apr 09, 2013 11:05pm
Don't count on a consolidation until you consolidate the property first...43.5% does not play ball at the negotiation table, I don't care what the CEO of the joint venture says. You want to play hard ball, let's do a reverse split on JV shares and make an actual company have the authority to negotiate at the big boy table....you wonder why we've yet to see this - it's my ...more  
Comment by arlene2 on Apr 10, 2013 12:41pm
Tony---Re "TGZ wants us as much as we want them"-------In early April 2013 TGZ announced that they were cutting back in their exploration budget for year 2013......This would ,IMO, lend a great deal of credibility/probability that they do plan to merge/buy with someone soon that has proven gold resources..Best Regards , Arlene2
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