Here we are again!

There’s an old saying about not wasting good news on a bad market with the basic premise being don’t waste good news on a “bad” market. It must be understood that material information pertaining to any public company needs to be disseminated in a timely fashion. So throw that axiom out the window.

Additionally, I don’t consider bringing Oromin Explorations (OLEPF.OTCBB) to your attention (once again) as wasting good news—“bad” market or not. In fact, I’ve recently had quite a few people inquiring as to the status of Oromin (www.oromin.com OLEPF.OTCBB) and Madison Minerals (www.madisonminerals.com. MMRSF.OTCBB). I would speculate and say that if it were not for these difficult market conditions, both companies would be enjoying substantially higher share prices.

That being said, Oromin has held up quite well, especially over this past week or so (April 12, 2007) and I think that when market conditions change; and change they will, Oromin just might bounce back faster than the rest. Here is the key—Oromin could be a profitable enterprise even at $400.00 gold. That means there is cushion for a profitable enterprise even in an environment such as we have today.

Madison is picking up the pace on their current drill program in Nevada so we’ll just have to be patient and see what results will be forthcoming. Of course general market conditions are always going to affect most equities. The juniors are certainly not different.

The Basics

The basics are very simple. Either you believe in the precious metals complex or you don’t. If you believe in gold, you are going to find junior mining companies that have excellent management teams, work in the precious metals sector, have excellent projects, the ability to fund said projects, the willingness to promote said projects and it is all backed with integrity and the ability to look beyond ones own immediate agenda. For any company that is willing to look after its shareholders will have its shareholders looking after them—greed and fear aside. Make up your minds and fish or cut bait. Fishing takes patience and skill—so does investing; especially in this sector and particularly in these current messed up markets of which we’ve only just begun to see what the powers that be have been so anxious to cover up. Remember that transparency is a wonderful thing—in government and in business. The more we discover transparency in the operations of a company or a government, the less the need to cover up. Those cover ups are always the trip wires that bring down the big boys—just look at Enron.

The Ruling Class

Fear rules the markets in this current environment. The ones who will make their fortunes are the ones who suck it up and stay with their game plan. I know only too well how difficult this may be to accomplish. You can either run with the bulls in Pamplona Spain or run with the Sheeples in New York. I would much rather take my chances running with the bulls in gold and the precious metals complex or running with the bulls in Spain. In other words, run with anything except the Sheeples. And I’m sorry but if the shoe fits, better put it on.

There is light at the end of the tunnel because Gold and Oil will be two winners at the end of the day. Any junior exploration company that has a solid shot at going into production on either gold and or oil should be seriously considered. Oromin has proven results on the gold side and the Santa Rosa oil prospect in Argentina has yet to be seriously explored. In fact, the Oromin story is not well understood. Simply put this project is enormous in many different categories from concession size to the number of gold zones already defined. The Santa Rose Project—the oil and gas play in Argentina is icing on the cake. It also happens to be an integral part of Oromin.

Nothing has really changed in Our Corner of the World except our New Web Site!

Gold and junior mining companies are being lumped together with the major indices. But nothing has really changed in our little corner of the investment world. If anything, we continue to build a base from which quality junior mining companies will launch. Some will flourish. Some will fail. Some will have a transparent formula for success and others will be trying to fool too many people on too many occasions.

Ladies and Gentlemen, it really is quite simple. Just learn to figure it out for yourselves and boot the gurus, myself included although I don’t consider myself a guru. I feel myself more akin to Shakespeare’s Everyman. Everyman is just an average Joe through the eyes and intellect of the Baird himself.

Speaking of construction, I’ve been continuing to build my own web site which will focus not only on junior mining companies but also on a plethora of different subjects that affect our everyday lives. Key topics such as health, the environment, pets and animals, and even music will have their place on it. Of course, the main focus will be on helping folks understand the junior mining sector, the precious metals complex, and on how we might all benefit from that arena. I’m also going to be on the look out for small companies with good track records and excellent management. I believe I’ve found one and will announce it with launch of the site sometime in the next several weeks. There is also an oil and gas play I’ve been following that you should know about. Roger Wiegand of Trader Tracks, brought it to my attention and like a good detective novel, I haven’t been able to put it down.

If the new CEO does what is anticipated, this is a small company that could do very nicely; no-it could go to the moon. Right now, there are great deals everywhere. The key is to pluck the crème de la crème.

The address is www.seacoast-consulting.com and you are not only welcome, but your opinions and views are also welcome. There will be a special place where we will be posting some of the ideas, questions, and views of our readers. Everyone wants to be heard and I’ve picked up that message loud and strong from so many of you who have taken the time to write in with opinions, questions, and often times with answers! We are going to keep the site simple and we are going to try and have fun with the process. Our belief is that most things in life are interconnected and we should not lose sight of that fact. After working a bit on this website, I have to give Peter and Chris more credit for what they do so well on GoldSeek.

Remember One Thing!

We truly have to understand that we are with gold and silver or apathetic to it, Again, if you are apathetic to it, forgettaabout it! These qualities will help you get back on your feet. For my own world, I just don’t believe that I’m going to pay off my mortgage by investing in 90 day T Bills. By the same token, give up the vacations and pay attention to the things that really matter. It’s up to each of us to figure out what that is going to be. But a new Lexus and a month cruise is not the way I believe I’m going to get back on my feet. It’s family and then family and then friends and family along with hard work that will get individuals and Nations back on their feet. That and kicking the bums out who got us here in the first place.

It’s not what you know, it’s who you know!

This old saying is true as true can be. But here is the kicker. You can actively pursue those you wish to know and avoid those who will lead you down a troubled path. I want you to be careful whom you choose to know. There are people out there who actually tell the truth. Goodness, is that refreshing or what. Jim Sinclair of www.jsmineset.com; Roger Wiegand of www.tradertracks.com; Bill Murphy of www.lemetropolecafe.com; James Turk of www.fgmr.com {Freemarket Gold and Money Report}; Bill Buckler of www.the-privateer.com; Richard Russell of www.Dowtheoryletters.com, plus the Aden Sisters, Howard Ruff (yes Howard!), and many others.

I also came to the conclusion some time back that the answers are “out there”. We simply need to know what questions to ask and of whom to ask those questions! It is my firm belief that in my “Gifts to the Gold Community” series, those writers listed when taken in concert, offer a great many intelligent answers.

Remember that talented people may have different takes on things but that doesn’t’ indicate that one is better than the other. What it means is that a gauntlet has been thrown down for us to think. Don’t ever expect someone else to do your thinking for you. Ideas yes, decisions—no!

Summer Doldrums and Fall Opportunities

The summer doldrums are close to beginning a fade and it is time to once again review a few companies that may do well going forward. Yes I realize that it feels like the sky is falling. Frequently, great risk brings great opportunity and that is where we find ourselves today.

You must make up your minds as to whether you believe that gold and silver will do well in the next few years. If you don’t believe in them, move on because you’ll be knocking your heads against a brick wall. Bull markets in gold are like this. This one just happens to coincide with a nasty working off of excesses of the last ten years. Part of the problem is Greenscam’s legacy has come home to roost. Next time you vote, you might think about just how the next administration will treat you as an American citizen who pays taxes. Americans pay a lot of taxes and yet it is never enough. Have you ever stopped to wonder why this is the case?

I wrote about Madison Minerals not too long ago (posted on Goldseek on July 18, 2007) and it was like, hello out there—anybody home? Actually, no one was home because a.) investors are scared and or confused; b.) investors are on vacation; c.) investors are complacent; d.) investors don’t know what to make of the entire global financial machinations; e.) all of the above! I choose “e” as that pretty much covers the bases.

Several days later, actually it was on July 26, 2007 to be exact, Madison announced that they were about to continue their drill program at the Lewis Property in Nevada. It is to consist of a $2.5 million US drill program encompassing a 10,000 foot “core program” and a 25,000 foot “reverse circulation” program. Let us not forget that the Lewis Project is directly adjacent to Newmont Mining’s operating 8 MILLION ounce Phoenix Mine. Madison will have its day; please don’t lose sight of it.

Please Review Madison Minerals and then jump forward to Oromin Explorations

If you have the time, please go back and review that piece because it has some excellent information contained within. Have more more time? Review the last several pieces I’ve written on Madison and then review their updated Website: www.madisonminerals.com. You’ll be pretty much up to speed.

So why do I place additional emphasis on Madison? Simply put, it is because the same group that is behind Madison is behind Oromin Explorations. Again, I’ve written about OLE many times in the past and if folks had purchased it at $.40 US when it was recommended 20 months ago, they would be sitting on some attractive profits and looking forwards to even more.

Now here is the key issue. Oromin is every bit as solid of a junior mining company as is Madison Minerals—and then some.

I don’t like to put things this way, but if I had to choose one company to “sit” on for the next 12-24 months it would be Oromin Explorations. Patience is the key. And no, it hasn’t gotten away from you because I fully anticipate that the price will be double from where it is today within 24 months. That’s my opinion and please do not construe it as investment advice. Now I know that doesn’t help those who need a quick 100% turnaround profit. However, anyone who promises you anything like that should be avoided at all costs. Run, don’t walk, in the opposite direction.

Basic Premises

There are several basic premises to which we must adhere if we are to invest in these junior gold mining companies. First on the list is that gold will be appreciating in price over the next several years. I believe that is a no brainer. Nevertheless, mainstream media will not even mention gold—the subject is so toxic as to be “commodity non grata” in the world of all fiat currencies. However, I do believe in gold and I cannot see how any fiat currency can be created out of thin air “ad nauseum” without some eventual ill affects. Those ill affects are all evident all around us if we simply take the time to look around. Derivatives and sub prime mortgage fiascos are part and parcel of those ill effects.

Secondly, we must understand the fundamentals of both gold and silver. Mr. Bill Murphy, otherwise affectionately known as Wild Bill of www.lemetropolecafe.com is commissioning a law firm to endeavor to determine exactly how much gold is in the coffers of the US government. There has not been an audit since 1955 if memory serves me correctly. Demand far exceeds supply and the only question is by how much. It is so convoluted that no one knows. I think we might be surprised if the web was unwoven.

Thirdly, I believe we’ve turned the corner on the gold cycle and the fall is either going to be blistering hot or a complete dud. No “in betweeners” here! I’m worried about the major indices—the DOW, the NASDAQ, etc. I feel that most of the markets with the exception of the bond market are under one thumb or another. The bond market is just too huge to be under any one entity’s control and that being said, I’m not comfortable with bonds at this juncture.

It is a difficult undertaking to recommend anything specific these days. Nevertheless, I still have a solid comfort level with gold and gold related enterprises. Actually, I have a comfort level with commodities in general because more and more the world is depending less and less on the US.

That simply means that we, the US, has had the football for many years and have fumbled badly over the past ten years or so. I picked this up off of Jim Sinclair’s site www.jsmineset.com. I would highly recommend staying in touch with Jim, Dan Norcini, and the whole crew. The price is simply a desire to stay current with what is really occurring in the world around us. No, he’s not always right. Being right is up to you. Listening to a diversity of opinions from which you might create your own mindset—Your own reality—is up to you!

Learn from the fall of Rome, US warned By Jeremy Grant in Washington

Published: August 14 2007 00:06 : last updated: August 14 2007 00:06

The US government is on a ‘burning platform’ of unsustainable policies and practices with fiscal deficits, chronic healthcare under funding, immigration and overseas military commitments threatening a crisis if action is not taken soon, the country’s top government inspector has warned.

David Walker, comptroller general of the US, issued the unusually downbeat assessment of his country’s future in a report that lays out what he called “chilling long-term simulations”.

(This is the comptroller general of the US talking!)

These include “dramatic” tax rises, slashed government services and the large-scale dumping by foreign governments of holdings of US debt.

See the rest of the article on Sinclair’s site.

However, Americans will not be able to support tax increases as foreclosures are drastically higher than last year and half the country is living from hand to mouth. It feels like the other half is living off the gratis of the US government. Where does that leave the Middle Class? That is a rhetorical question.

Oromin Explorations

Now, finally to Oromin. If you believe in the future of precious metals and especially in gold and silver as I do, it really isn’t much of a stretch to find some good companies and work with them. Then stick with them and allow them to develop their properties.

The drill results that have been posted on Oromin Explorations have been solid and consistent. Multiple targets have produced converging gold zones.

Please go to http://www.oromin.com/ and then to investor info and then to Press Releases. Refer to the last two PR’s that have been posted. They’ve become lost in the summer doldrums. The ones posted July 30 and July 11 of 2007 are telling us some important details about the project. I consider you all intelligent individuals who can be let to waters but don’t need you be make to drink!

Goloma West Gold Deposit is Expanding Further West and merging with Goloma Northwest. Just look at the drill results being posted.

7 meters of 25.19 g/t and

15 meters of 5.59 g/t at a Goloma West Step out location.

7 meters is about 23 feet and 5 meters is about 16 feet.

These are but a few of the more significant of many results that have been posted on the website in the last several Press Releases. It’s all there in black and white. I take it you can all read ad I assume you’ve been around long enough to understand the basic nomenclature/parlance of the mining industry. If not, for goodness sake, send me an email and I’ll help you where possible and if I don’t know the answer—I’ll point you in the correct direction. We learn together. There are no stupid questions, only being stupid by not asking them!

These results at Sabodala are becoming more coherent and more impressive with every passing press release. All you need to do is go to the Press releases and review those last four or five. It’s all there people. Make up your own minds. And then decide if you run with the sheeples or you run with the bulls!

And incidentally, A quick way to round off meters into feet is to multiuply the meter number by three and then add ten percent. 100 meters would become ( 3 x 100=300 plus 10% of 300 feet = 30 feet; thereby giving us a grand total of 330 feet.

A step out hole is one that is “out there” in a relatively new location where as an “in fill hole” is one that is between two or more holes that have been already drilled. Step out holes can be exciting because they can be opening up a whole new area.

Remember these names. Goloma, Masato, Maka Medini, Sabodala North, Sekoto, and Niakafiri. Go to the Press release dated July 11 2007 and review the map at the end of the PR. Examine it closely. You might review the map dated April of 2007. Finally, review Peter’s Map on the end of his site—the same one I hope to have inserted at the end of this article tomorrow if it’s not already there when you read this.

Incidentally, Peter Grandlich recently wrote an excellent article on Oromin and if you send me your request and your email address, I’ll be happy to send you a copy of the article and Peter’s particulars. Peter is well known in the industry for his acumen and integrity and has a newsletter titled North of the Border.

Please keep your eyes peeled on the launch of my new site titled: www.seacoast-consulting.com

Please do not forget the hyphen in the address!

If you’d like to be on our mailing list, please send me your email address and mailing particulars and you’ll be home free.

Until Next Time,
D. Stewart Armstrong

Posted by D.Stewart Armstrong in Articles