Oromin Corporate Presentation
Well done, very professional and most important very exciting!!
Well done, very professional and most important very exciting!!
http://www.oromin.com/i/pdf/CorporatePresentation.pdf
October 21st, 2009
Categories: General . Author: admin
Depth By Price
Bid
Orders Volume Price
1 2,500 0.99
2 4,500 0.98
2 7,500 0.97
2 5,000 0.95
2 2,500 0.94
Ask
Price Volume Orders
1.02 21,000 4
1.03 7,500 2
1.04 10,000 1
1.05 5,000 1
1.08 2,100 2…Depth for those who need it?Vancouver time 9:32.dsh
Caliche,
Can you find the time to do an analysis of the project like you’ve done in the past with a major NR? It would be very appreciated by us geologically challenged readers of this blog.
NEW YORK (MarketWatch) — Gold futures lost further ground on Thursday, after overnight concerns about China’s economy along with mixed U.S. earnings and jobless data, fuel safe-haven gains in the dollar.
“Global equity markets are on the defensive on news that China’s economy grew ‘only’ 8.9% year on year in the third quarter, missing estimates by a tenth of a percentage point,” said Sal Guatieri, senior market economist at BMO Capital Markets, in a note…………..US possibly dropped 9%………..Can you believe they have the nerve to mention this..best of all to put it in print?????????????
The report helped fuel risk aversion and bump up the dollar from 14-month lows. ****The U.S. currency has tended to act as a safe haven currency over the past year.****** A firmer dollar tends to pressure dollar-denominated commodities, and also competes with gold………………Can you believe the poop that comes out of some of these news writers…
Caliche,
What do you think Oromin will finally get in a buyout and when do you anticipate the transaction would occur?
Also take a look at the MDL shareholder update from Sept. 2009:
http://www.mineraldeposits.com.au/user/files/Investor%20Centre/Presentations/MDL_Sharholder_Update_September_2009.pdf
Of interest are pages 10 and 13.
On page 10 to the left (West) outlined in red is the MDL exploration concession and outlined in blue is the MDL mining concession (previously in the middle of the Oromin concession). Note from page 7 of the Oromin Corporate Presentation that Oromin relinquished to MDL all of Oromin concession land to the West of the MDL mining concession. To the right (East) outlined in black is the Randgold exploration concession where they have found one deposit (Massawa) of 3.4 million ounces. MDL has their deposit of 3.5 million ounces which is hedged for over 2 years of production at $850. Looks like MDL & Randgold have a lot of moose pasture. Right in the middle of the other two outlined in red, blue, black and purple is the Oromin exploration concession with its 7 gold deposits and 18 prospects. To me the map indicates Oromin has the cake; the others have the crumbs.
On page 13 they show the Oromin deposits in more detail & salivate on the possibilities of near term area consolidation opportunities.
If I remember my history correctly Oromin had first choice on what became the MDL mining concession land but turned it down even though it was at the time right in the middle of the Oromin concession. Also I believe Randgold drilled for 3 years before they got lucky and hit their one deposit.
wow thats a loaded question.. i really have no idea .. i would like to see between 5 and 7 .. it all depends on how things go down .. there are so many permutations.. .. its difficult to compute..what will happen first .. what will bendon do will ole buy mdl will someone buy everyone or will there be a bidding war .. its pretty exciting .. i wish i was a fly on the wall .. or had some invisible potion ..LOL
*The US economist widely credited with having predicted the financial crisis has warned we are already “planting the seeds of the next crisis”.*
Nouriel Roubini told the BBC that he is concerned about the growing gap between the “bubbly and frothy” stock markets and the real economy.
Over the last six months, the Dow Jones Industrial Average has risen about 45%.
*Frothy markets’*
Property prices have already declined sharply. According to the National Association of Realtors, the national median has dropped almost 13% from a year ago to $177,700 (ÂŁ110,100).
Many believe the crises in the residential market could spread to the commercial real estate market causing more headaches for the banks.
So where does the “froth” in the markets come from?
**Mr Roubini – like many other economists – believes it is engineered by the Federal Reserve and the government which has been pumping cash into the economy to dampen the pain of the recession.**
**”There is a wall of liquidity chasing assets,” he said. “But I think that there is a growing gap between what is the asset prices and the real economy.”**
Although he thinks there will be a correction, he believes some of the mistakes of the past can be avoided if reforms are implemented .
Caliche, 5 -7 seems just a tad bit low when you look at the previous buyouts of gold Jr’s and the previous pricing of gold. 5 – 7 will really anger a lot of people and this stock will go down as a sell-out by Management if this is the case?
Thoughts?
Hi DW .. i hope you are right .. what number are you looking for?
I have always thought the gold would go from 5 to 8 but lately I am more worried there won’t be a buyout at all rather they will mine it or toll off of MDL…thoughts?
The numbers that I would like to see based on past and present sales of the magnitude that we possibly are looking at is at least 12-15 a share based on the 42.5% split. With Gold prices based at an average of $700 an OZ because we have to face the facts that nobody is going to buy gold at the current levels and then take into account the discount for the un-mined gold values. We all know that this mine is going to come in with well over 10 Mil OZ proven gold.
Comments?
mino2126
You bring up a very scary point. With the way that it “appears” Management has been wasting and spending money to drive the price of the stock downward, I can only fear what would happen to the price if we were to mine it and have no controls on the amount that is actually going to market?
Great point, but for one – I do not want to see that happen under this current Management. That has never happened before as far as as I can see from the past?
Discussion?
I don’t want this to happen but I can’t rationalize the need for a finance analyst to come in and give them suggestions on ways of going forward, that is what scares me. Oromin always seems to surprise us so I am not eliminating this possibility. Who knows, maybe they find another backer who comes in with alot of dough, they pay out a special dividend, and then start minining…I really don’t know.
Hey Mino21
That would be great, $10 – 15 dividend a share and then let’s mine it and take a profit, but we all hope they just don’t dilute again which has been par for the course to date.
IE: what is the new stock ticker OLE.NEW
Does anyone know what this is?
DW
Didn’t realize that my price-per-share question would create such an array of thoughts and discussion. What the heck happened today……….huge percentage selloff?
Yeah Andy
We are going to blame you for this sell off 🙂 JUST KIDDING!
Anyway, Caliche – now that we have all sounded off a bit, what are your thoughts on the pricing, todays drop and I would still like to know what and who OLE.NEW is, traded 0 with a price of around a buck on the TSX
Is something up – possible split (OIL PLAY) 🙂
DW
selloff by Anonymous and Jordan …… Jordan could be from Amman stock exchange as I am not familiar with this name ……but googled it and there is a broker called Jordan
Volume was pretty low, so it doesn’t surprise me. We have had some ppl trying to push pricing down by selling small volumes hoping to trigger some automatic outs in the past.
They purposely sell small qty at low values hoping to trigger other ppl’s sell triggers and then away you go on the short side. It only works with low movers like ours. I wouldn’t worry about that.
kwhurs01
Hey can anyone tell about this…
http://www.brazzilmag.com/content/view/1587/1/
it was a brazilian gold project owned by Oromin and Lund? They’d have to finish by EOY 2009 I think? Do they still own?
kwhurs01
They gave the Brazilian project up a couple of years ago.
First time I’ve seen takeover of MDL mentioned other than on this blog.
“Mineral Deposits is also the subject of continual takeover speculation, with its Sabodala treatment plant shaping up as the central operation for new discoveries made by it and others in the region.”
http://www.theage.com.au/business/great-gold-exodus-gathers-pace-20091025-herb.html
Big blocks of MDL (t.MDM) traded in Toronto again on Thursday (4.9 million & .1 million shares).
Below is what I just heard and it is similar to what I have been hearing all week…
“From what I understand, Randgold, Iamgold and Anglo are looking at the acquisition and consolidation of MDL and Oromin. Rand, IAG and Anglo all have projects in the Senegal area and MDL has the plant, Oromin adds more ounces and oxides, so it makes a lot of sense as the major and mid-tier firms need to add more ounces to increase shareholder value.”
G1
FYI,
Dave Scott confirmed that the JV Partners. Badr, Bendon and Oromin are meeting this week… Something is brewing…
G1
Are we going to get sold out here?
What happens to the oil if there is any oil?
Will we be privie to what goes on in these meetings?
Are we jum,ping the gun – it appears that we are just on the tip of a gold rush and already talking of selling/mergers, etc?
Thoughts, comments?
Why would the JV partners sell now when the value is low as far as any major would be concerned.
Aurelian was bought by Kinross a year ago for $1.2 billion with an inferred resource of 13.7 million gold ounces (plus 22.4 million ounces of silver). Majors don’t pay for blue sky – they pay for resources!
http://www.kinross.com/news/7242008-1.pdf
Rounding up a bit & forgetting the silver, this comes to about $100 per ounce. Let’s consider Senegal more favorable politically & stability wise than Ecuador & the current strength in the gold price. Let’s generously bump up to $200 per ounce. The JV’s current 3 million ounces would then be worth $600 million. Oromin’s share at 43% of the JV would be about $250 million. With approximately 100 million fully diluted shares (approximately) this would come to $2.50 per share for Oromin.
Everyone that would be happy to get $2.50 tomorrow raise your hand. I actually for one would be very pleased since the funds could be used to buy any number of other promising Canadian gold explorers that are of great potential with great management that know how to tell their story and are willing to do so.
Of course, I would also be disappointed with so much more potential only 6 to 9 months away. But as they say, a bird in hand…
perhaps the “big players” are thinking lets pay (offer) $2.50 to $3 now as oppossed to $4.50 to $5 later?
as much as i hate to say we should wait .. lord knows we have done enough of that .. we are just getting to the highgrade stuff which will increase our values and the updated feasibility..unless the offer is outstanding i think we will do better to push it out till the new year
I am with Caliche all of the way here, ABSOLUTELY NO SALE until we get paid off for our consideration. A sale now would be very short minded and for those that woulod be happy with $2.50 a share… As it passes throiugh that range, sell off!
I also think we would be alot better off waiting till next year. What would a minning license do for us? I have looked for ole.new and find nothing.
Oromin Exploration Ltd. NEW was the name of the stock when it traded on the Venture exchange. When it moved over to the Toronto exchange, it dropped the “New” part from the name. Is this what you found? An old quote for the Venture stock?
Last 3 trades today
Time X Price Chg Vol Buyer Seller Markers
09:30:12 T 0.90 -0.03 204,500 93 Toll Cross 93 Toll Cross K
09:30:10 T 0.91 -0.02 2,500 28 BBS 93 Toll Cross K
09:30:10 T 0.91 -0.02 10,000 1 Anonymous 93 Toll Cross KL….Cross this morning..We bought some yesterday.we would be willing to wait for a buyout..with possibly some high grade results to come.dsh
Depth By Price
Bid
Orders Volume Price
3 24,000 0.92
1 7,000 0.91
2 7,500 0.90
4 16,000 0.89
1 2,000 0.88
Ask
Price Volume Orders
0.96 1,000 1
0.99 1,500 1
1.00 7,500 2
1.01 4,500 2
1.02 3,000 1…Depth Vancouver time 7:11..Best the stock has looked in a long time..We are trying to buy more this morning but get topped each time?Not saying to buy or sell.dsh
NEW YORK (MarketWatch) — Gold futures eased Wednesday, tilting modestly lower as the latest a batch of quarterly corporate earnings results proved disappointing and as durable-goods data failed to fuel optimism about the U.S. economy, factors that combined to boost the dollar…………I am going to rush out and sell gold and gold shares to convert to toilet paper..Maybe some smarter can explain his reasoning for gold drop and stronger dollar?dsh
OLE, thanks for answeing my question about OLE.NEW. The question originated by a previous post.
I may be wrong, but…I really think we are looking at a buyout the wrong way here.
Everyone is looking at what the share price would be rather than what the OJVG Property is worth. As I wrote/asked before, Why would you sell this property for less than $1.5Billion? Doesn’t make sense. The majors know that OLE is getting into the recording/documentation of the “high grade” goods (@ Epsilon, etc.)… Documented or not, they have been in the business long enough, have seen exploration sites and results many many times…They are adept at making a fairly skilled decision already…whether or not its written in the 43-101, or not.
Also, the property has value besides the primary gold value…it’s proximity to the other gold company’s properties, the fact it surrounds MDL, the infrstructure OLE has already built for the town, etc., etc.
Need to look at the WHOLE value of the property…share price will then come.
$2 Billion +, no less.
h1
Hoosier1
Are you saying a buyout is good or bad?
I personally think we are at Managements mercy and they really only have theselves to think of – stockholders are just a nuisance to them
DW
Everything I’ve seen since 2006 leads me to believe that management will do nothing in the interest of the shareholder. I expect further dilution as Oromin takes at least 2 more years looking for every ounce. In the end I believe we get no added value while Chet digs his heels into the ground dreaming of that $5.00 number.
AB
DW:
I think a buyout is Good…and the only way we are going to see value. What I am saying is in reference to everyone’s post here about $2 per sh or $5 per sh Andy mentions, etc., etc.
There is a 230 sq.m concession owned by OJVG…what is the value of the entire property? That is what is being purchased. This crap that only $100/oz, or $125, or whatever, of 43-101 registered resources is an appropriate..da..da..dee..stuff doesn’t cut it. I can find, and so can anyone else who does some research, many buyouts where a major paid FULL gold price for the 43-101 resource. There are others where they paid more, and others where they paid less. It hinged on the value of the property to the Majors business plan for the area and for their need to add to their global resources.
I find it hard to believe that the OJVG property is less than $1 Billion when Arequipa, back in the ’90’s was aquired for more money at lower 43-101 resources and lower gold prices.
There are many tangible and intangible benefits to this property.
But, hey…I’ve been wrong before… 🙂
h1
SPOT MARKET IS OPEN
closes in 6 hrs. 15 mins.
Nov 03, 2009 11:00 NY Time
Bid/Ask 1076.40 – 1077.40
Low/High 1043.70 – 1082.30
Change +16.80 +1.59%
30daychg +74.20 +7.40%
1yearchg +352.80 +48.75%…………..Hard to believe that we are sitting at .93 and gold is flying..Just gave me a chance to buy some..Thanks Chet..You can have it back hopefully higher..dsh
I think dsh gets it!
AB
We are all hiding!!!!!!!!!!!!!!!!!
MDL up over 5% with over 2 million shares traded in the first hour of trading… No news out, so someone is buying…
Code Last % Chg Bid Offer Open High Low Vol
MDL 1.020 5.7% 1.010 1.020 1.050 1.050 1.015 2,131,816
G1
Wrong time to hide..We were buyers today.My banker thinks i am crazy though.dsh
MDL at $1.15 this morning on the BID! Very nice start to the day.
AB
Depth By Price
Bid
Orders Volume Price
1 10,000 1.05
1 5,000 0.91
1 5,000 0.90
1 5,000 0.89
1 5,000 0.88
Ask
Price Volume Orders
1.05 27,000 6
1.08 600 1
1.10 5,000 1
1.18 900 1
1.29 500 1…..Vancouver time 6:15..Best its looked since pre oil drilling.Good luck.dsh
Sure would be nice if Ole released a positive NR right about now re additional gold assay results…….One should be due shortly ???? Should it not ????
So, Gold hits another high this morning and OLE is down on the market?
What gives, this stock HAS TO BE BEING SUPPRESSED for a reason! What could it be for?
Please someone that knows a lot more than me, Pony up Please!!!
DW
dsh—–I really appreciate the “Bid/Ask” info that you post…Pls continue…..However , those numbers do not seem to correlate to the numbers Stockhouse posts on their snapshot for T.OLE………Can you explain for us dummies , why this is???
Depth By Price
Bid
Orders Volume Price
3 10,500 0.91
1 5,000 0.90
2 10,000 0.89
3 12,500 0.88
2 20,000 0.87
Ask
Price Volume Orders
0.93 11,000 2
0.94 5,000 1
0.95 7,500 2
0.97 7,000 1
0.98 2,500 1…Dept Vancouver time..11:47..I post depth both here and on SW as you know.I use live depth as someone else that might post is using 15 minute delayed time.I bought some OLE yesterday.I will post depth here when I think of it….I see they were finally got someone to buy out a SMALL quantity of MMR..Next to a major and with a possible resourse they couldn’t take it down themselves..things must be tight?The last buyer was months ago by Nell..she has probably given up also?As the world spins waiting for dropping from the?Glad I don’t have to rely on them..I would be down to 99 pounds..dsh
What gives, this stock HAS TO BE BEING SUPPRESSED for a reason! What could it be for?………..I wonder if it’s a two way deal with IMG that Oromin cannot shop it to any other major?Mind you when the stock**TANKED** TO .40 NO INSIDER WAS A BUYER??dsh