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Orezone Gold Corp T.ORE

Alternate Symbol(s):  ORZCF

Orezone Gold Corporation is a Canada-based gold mining company. The Company is engaged in the exploration and development of gold properties in Burkina Faso, West Africa, focusing on its 90%-owned Bombore gold project (Bombore Gold Mine or Bombore Project). The Bombore Project is a open pit gold mine situated approximately 85-kilometer (km) east of the capital city of Ouagadougou. The Bombore project hosts free digging oxide resources underlain by higher-grade sulphide resources.


TSX:ORE - Post by User

Post by drunk@noonon May 17, 2024 9:15pm
114 Views
Post# 36046796

I have a bad feeling about the B Faso bank. Just my guess

I have a bad feeling about the B Faso bank. Just my guess but with what happening in B faso with the Russian influence and all, they might be getting what they can out of country and they are certainly no looking to tie up another 150 mill or so in counrty. I have a feeling this new loan agreement  more or less allows Ozone to defer their payments on the current loan, so they can use all the cashflow coming through the door to finance most of the expansion.. It will be some kind of amended loan agreement with this and that, but basically this is what will happen. That way the bank doesn't have to advance them anymore capital but  getsnicely  compensated without much incremental risk. 
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