The big cloud over MTO is wheather or not they are sued for the miner deaths. How soon before we know one way or the other?

How much damage was done by Mr. Paspalas?

Thanks fireguy. It's a good clip and expresses how Barry has changed status from a small reserve to a major potential. Good IPs overall and only a small part is drilled and needs a concentrator. Between Bacholar and Barry their stretched but they have 4 more good properties and have a private placement in the works for over $4 million at 51.5 cents.

Good news - From stockhouse - figtader

"Ken Kuchling, P. Eng., M.Eng. (Mining), Oromin's Vice President of Engineering, states that, "The benefits from the economic justification of the heap leaching concept will be twofold. A heap leaching operation can provide additional gold production from lower grade ores that would otherwise not meet the CIL plant cutoff grade. These lower grade ores may have been stockpiled for deferred processing at the end of the mine life but could now be moved forwards in the revenue stream via heap leaching. Additionally the presence of a heap leach plant would provide a processing option for yet undiscovered lower grade bulk mining orebodies

A heap leach operation is not prohibitively expensive to set up.
OJVG has ample resources near surface that easily lend to heap leaching.
The cost per oz should be very reasonable without a large investment.
Since this news release I have been thinking .....it's there! monetize it cheaply and take advantage of the revenue .....stop diluting the share value you guys! Keep drilling and prove up the 10-15 m oz (or whatever) in the deposit but not at shareholder expense! The price of gold is $1400 +/- and headed higher for chrissake!"

It seems Toll Cross has shorted more shares of OLE than they can cover without driving the price up. Thus they went back to the company to offer more money for shares at a discount so they may cover their naked shorts!!! Ain't it wonderful?

Is it possible shareholders are being setup for a dilution with let's say an issue of 100 million shares at $0.35?