Lund neighbour up friday
Amarc was up friday on some volume .. AHR on the venture
the pinchi target they are drilling straddles the boundary onto lunds ground.
haywood has been the biggest buyer with around half a million shares..interesting
lund has only 60% of amarcs shares outstanding and trades at about a third the price..
good leverage play in lund
300,000 shares may have been a good buy 🙂
Thanks Caliche
PR out,
PR out, they are looking for more money
Doublem2
October 19, 2009 Trading Symbol: TSX – OLE
OTC/BB – OLEPF
Web Site: http://www.oromin.com
OROMIN CONTINUES STRATEGIC PLANNING
FOR DEVELOPMENT AT SABODALA
Oromin Explorations Ltd. (“Oromin”) reports that concurrently with engineering optimization studies and
ongoing exploration, it is continuing with strategic planning for the development of the Sabodala property. As a
part of this planning process, Oromin is presently interviewing financial advisors to assist it with its funding
obligations as part of Oromin Joint Venture Group Limited (“OJVG”).
Oromin and its partners in OJVG have applied to the Government of Sénégal for a mining licence at Sabodala and
OJVG is committed to advancing the development of Sabodala in the shortest practical time frame.
The Sabodala gold district hosts greater than 10 million ounces of resources, including OJVG’s global mineral
inventory of almost 3 million ounces, and has significant potential for expansion.
To find out more about Oromin Explorations Ltd., visit http://www.oromin.com.
On behalf of the Board of Directors of
OROMIN EXPLORATIONS LTD.
“Chet Idziszek”_________
Chet Idziszek, President
Cautionary
WOW!!!!! Green on the screen the morning after a news release… Need to go check the Hades for ice.
well we had an up day.
What does this latest PR mean?
are they gonna try to make a mine, or is this just “lip service” and “going thru the motions?”
I was wondering that also. Can someone with more experience here speak to this? Does this mean we are attempting to “go it alone” or is this just money to advance? I thought we had money till Q2 2010? Maybe we aren’t waiting till the last minute this time.
kwhurs01
I think there is lots happening behind the scenes right now..i think the money will be used to advance the sabodala project as a whole not for general exploration.. funding for regular exploration is done through oromin as operator..
One drill hole!
Explorer Canaco Resources (V.CAN) announced on Sept. 28, 2009 : This zone of alteration and mineralization intersected the target at approximately 70 metres below surface and has returned an overall gold grade of 4.32 grams gold per tonne over 53 metres.
http://www.canaco.ca/s/NewsReleases.asp?ReportID=365582&_Type=News-Releases&_Title=Canaco-Announces-Preliminary-Results-from-Magambazi-Drilling
Then on Oct. 6, 2009 they announced completion of the same hole : This zone of alteration and mineralization intersected the target at approximately 70m below surface and has returned an overall gold grade of 4.28 grams gold per tonne over 59 metres.
http://www.canaco.ca/s/NewsReleases.asp?ReportID=366629&_Type=News-Releases&_Title=Canaco-Announces-Complete-and-Restated-Results-from-Magambazi-DDH-001
The stock price soared to over .40 from .10 on the first results and then to .64 on the final results.
4.28 grams over 59 meters, pretty good for an African property and it’s the first hole drilled. But it’s still only one hole!
I have much more confidence in Epsilon turning into a mineable high-grade deposit with, if I counted correctly, over 18 holes of 8 or more grams reported with more coming. Many intercepts are narrow but included are 12 meters of 10.2 grams & 12 meters of 23.53 grams. Also some of the intercepts are of spectacular grade like 4 meters of 196.27 grams, 4 meters of 81.1 grams and 3 meters of 98.37 grams.
The junior gold explorers market has recently been very much drill hole centric. Canaco is just one recent example. Maybe our next drilling results release will focus some of the drill hole crazed eyeballs on us.
Is there a hole 109 waiting for us in one of the Oromin deposits?
I am stumped by the fact that Lund has 60% of amarcs shares outstanding. What does that mean? I have waited a long time for any information on Lund.
Also, Lund is down .01 today.
i dont remember the numbers but say amarc has 100 million lund has 60 million …there are fewer shares outstanding is what i wsa trying to say..lol
Profit taking ????
Depth By Price
Bid
Orders Volume Price
1 2,500 0.95
2 2,500 0.94
1 2,500 0.93
4 8,400 0.92
1 14,400 0.91
Ask
Price Volume Orders
1.00 15,000 1
1.01 2,500 1
1.02 6,500 3
1.03 5,000 1
1.04 10,000 1….Oromin depth T9:20 Vancouver time.I am afraid there might be a iceberg offer (one that you cannot see) at $1.00..Going to be interesting if they can muster enough buying to get through it?If they hadn’t P****d of their share holders this might not be happening now?Its seem they cannot even close a minor PP on MMR for a LOUSY .15..hard to believe.dsh