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Bullboard - Stock Discussion Forum Oromin Explorations Ltd OLEPF

GREY:OLEPF - Post Discussion

Oromin Explorations Ltd > I believe that in this environment the best solution for both....
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Post by tony1969 on Jul 09, 2013 12:02pm

I believe that in this environment the best solution for both....

TGZ and OLE would be for them to combine.  In my opinion nothing else even comes close unless a major offers a HUGE premium for both.  I truly believe that they will eventually be one as there are too many synergies that would allow great EPS growth in the future (because of TGZ's low cost per ounce production) for them not too.  There will be dilution but their combined earnings power should more than justify it especially if Bendon gets mostly cash for their stake.  Again, I believe that if it was not for Senegal these two would have been together a while back.
Comment by parkssam on Jul 09, 2013 1:41pm
Knowing the Grandich situation firsthand, I believe what he learned the hard way as many of us have, Chet and his IR man have greatly let us all down. When you put what we speculated on since 2011 up against the facts that have come out, Chet gamble and loss. Grandich is fair in noting a good portion of the loss was due to the cave in of juniors and gold price but the fact is Chet proved to have ...more  
Comment by SPACEDOC on Jul 09, 2013 1:54pm
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Comment by Goldfather on Jul 09, 2013 3:15pm
......were all intrigued about the ' other offer" mentioned by Both Bendon and in the Directors Circular.... but yes "tender and pray? is the  code word... maybe its a "tender mender"  as only the merger will mend all our Losses................and since  PG is now one of us, maybe he will shed more light on whats going on via his industry Intel...... btw ...more  
Comment by IloveNDM on Jul 09, 2013 3:46pm
Dave Scott if you are listening, build a life size statue of GRANDICH in your backyard or one of the golf courses you frequented when Grandich was carrying your a $ $ for the last two years. What the &^%*@ you did to earn your pay we'll never know. But after looking at all the recent filings, you, Chet and company treated the treasury as a buffet and all we're left with are hopefully ...more  
Comment by comet52 on Jul 10, 2013 1:55pm
Well after reading the offer and thinking about this it's clear there's no other choice but to tender.  I don't like the price but who does? -TGZ has the mill right there and can mine/produce the deposit.  OLE never will do this imho.  The current bad environment for gold juniors is going to take years to resolve and borrowing at high interest to finance Chet's ...more  
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