Orea Mining Corp OREAF

Metals & Mining Gold

Orea Mining Corp. is a Canada-based gold exploration and development company. The Company’s principal business activities are the acquisition, exploration and development of resource properties. In French Guiana, Orea holds a major interest in the world-class Montagne d’Or mine development project. The Montagne d’Or project is situated in western French Guiana and is comprised of over two mining concessions and over two exclusive exploration permits, covering an area of around 93.5 square kilometers (km2) and is accessible in all season forest road from the town of Saint-Laurent-du-Maroni, for approximately 120 kilometers (kms). It also owns 70% interest in Maripa, which is situated in French Guiana, France. The Antino project is engaged in gold exploration, which is situated in mining friendly Suriname, South America, approximately 275 kms southeast of the capital Paramaribo. The project consists of Rights to Exploitation of Gold (Suriname mining titles) covering across 200 km2.

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Orea Mining Corp > OREA and NG's present action.

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Comment by lumpy13on Nov 02, 2020 4:13pm

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Post# 31824467

RE:OREA and NG's present action.

Unfortunately, NG is a wildcard. They want to buy cheap and - in the case of Cardinal - screwed themselves. An initial 45 cents offer was a joke and then Shandong came in with an offer and a bidding war ensued. NG could have avoided it all with a reasonable bid (a 50-75% premium at minimum). I'm rehashing this as they control OREA and seem incapable of thinking strategically. I have built a significant position in OREA, was once up around 40%, but now down 20%. I like what they have, but we may well need to be patient for a while.

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