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 > Buyout from Nordgold imminent...

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Comment by BabyGoldon Sep 21, 2021 1:20pm

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Post# 33892811

RE:Buyout from Nordgold imminent...

Hi Tijana,

Rumors or speculation about the buy out?

anything possible but I find it hard to believe that NG is willing to take a risk at this stage and buyout OREA. Yes maybe if they buy out now it will be cheaper but they are taking huge risk.

Remember, assuming the FG didn't appeal then Supreme Court will force FG to renew the concession (there are penalties that the FG will have to pay for the delays). After the concessions is renewed OREA/NG will have to apply for the construction/operation permits. Also, capex is at $361 million, that is before the new project design which was announced earlier this month.

So IMO, if there is a buy out about to happen soon it makes more sense for someone else to buy OREA out.

Long story short, why take all the risk if you can share the risk. This is not the only project out there.

last, all the buying that's been happening lately, non was made by the major shareholders of OREA because there hasn't been any insider filing. Maybe there is a buyer out there who has been accumulating and are waiting for the renewal of the concession to throw an offer and grab the remaining shares.

I am actually really excited to see how this story is going to fold.

GLTA, and I am interested to hear from you guys what u think of my speculation, whether you agree or if I am way off.