Oromin Explorations Ltd OLEPF

More of the same from TGZ web cast.....

[tony1969]

The only comment that could be tied to OLE is that the only way that they would need to issue equity is for an acquisition.  Production and costs where 68k ounces at a cash cost of $535 (down 18% on costs from q1 2012).  Those are not full in costs which I think would be somewhere around $1000 or so per ounce.  They did not report earnings but will do so in about 2 weeks.

[arlene2]

Thx Tony for the recap of pertinent points from TGZ web cast.......Sincerely appreciated.........Arlene2

[dmuy]

Listen to the TGZ presentation at the European Gold Forum at about the 12:35 mark: https://www.europeangoldforum.org/egf13/webcast-egf13/egf13-webcast-day-2.html

[goldn1]

  thanks for the post dmuy. It is rare we get something that is worthwhile to read/liaten to. Seems TGZ wants OLE but it is all about the $$$...    

[topoftheridge]

so TGZ said (months ago) "if the price was right" TGZ says (at the European Gold forum)  "it is all about the price" no doubt TGZ wants OLE...TGZ is a reasonably solid company, making money, actually producing gold etc.... OLE is living on credit, (almost) desparate for a buyout...(DS told me in Jan that they "can get another loan to keep the lights on (paying for

[topoftheridge]

the "paying for Chet's bentley" comment is all my conjecture, DS did not say that.