Oromin Explorations Ltd OLEPF

Management is going to have to adjust...

[tony1969]

their target price for a buyout or a merger.  Last week in an email a fellow shareholder sent me who spoke to DS said that he was told that they would not even consider $.75 per share.  They are looking for at least $1.00. This move in gold should expedite any kind of decision as the project is now worth less.

[imurhuckleberry]

Tony, Please define "worth less" per your comment in regard to target price and your fellow shareholder...thanks in advanced.

[tony1969]

Huckleberry.as the POG had dropped significantly the property is worth less.  They are in the gold business correct?  What do you not understand?

[SPACEDOC]

This post has been removed in accordance with Community Policy

[SPACEDOC]

This post has been removed in accordance with Community Policy

[tony1969]

Space when gold was $300 per ounce you could mine it for a quarter of the price of what it costs to mine today. According to OLE's feas study their break even point would be $1000 per ounce. The combination of rising extraction costs and a decline in the POG is what has got us here. By paradigm shift I assume you mean going from one way of thinking to another. 

[imurhuckleberry]

Tony- thanks for the reply. Ole is in the exploration business. And what I do not get is your definition of worthless. You see, up in the Midwest, something that is worth deems no value. I can't speak for the sunshine state, but I could be wrong. 

[imurhuckleberry]

*worthless*

[tony1969]

Huckleberry in my post a couple of days ago I said that because of the collapse of gold the OJVG is worth less not worthless.  That space between the two words makes a huge difference.   

[imurhuckleberry]

Okay, stand corrected. Just another Mr. Obvious statement....got'cha. Thanks.

[tony1969]

Huckleberry about the only thing I say has been obvious for the past couple of years is that someday OLE and TGZ will be one.  I still stand by that but OLE will have to wait for a major to come by and scoop up TGZ then OLE at these depressed levels which could easily lead to a double if not more in both stocks. Unfortunately at this point OLE will have to wait.  First you

[imurhuckleberry]

Yup...I'm sure you're the first one to "call" that one.. Why would a company come in and throw lowball bids for 43.5% of a project? The JV is protected for the short term dysfunction of the markets due to the ownership breakdown of the property. Do you really think the other partners will take $1.00 a share? I'd like to smoke whatever that is you guys have

[tony1969]

Huckleberry you double down on TGZ as their mill is the key to this whole area. At these prices for TGZ that should not even be a question.  I live in Doral where there are more Venezuelans than Cubans. What is your issue with ethnicity?  I was born in Miami but I am of Cuban parents and could not be more proud of it.

[imurhuckleberry]

Love Cuban women...it was a compliment.