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Orea Mining Corp OREAF

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.


GREY:OREAF - Post by User

Comment by 123buyholdhopeon Mar 05, 2022 10:21am
107 Views
Post# 34486616

RE:OREA Release - Legal action?

RE:OREA Release - Legal action?While we are speculating here’s another. Would France simply move to seize Mordashov/NG Montagne D’Or asset as an oligarchy confiscation? $4.5 bill valuation gone using an ‘acceptable’ procedure apparently in today’s world.

For Mordashov it’s a pocket change loss at sunken costs of around US$50 mill’ over the last 6 years or so and with today's envronment he is unlikley to challenge.

In fact, recognize, France is dealing with a private company and again, apparently oligarch asset seizure is on today’s main menu. No court challenge by shareholders as there are no public shareholders to be 'damaged’ with NG. Again, Mordashov walks away with minimal past losses. Macron is hailed as the great environmentalist and Russian opposer with his April French elections coming up.

Further, will France then pay ‘damages’ to OREA to walk away? (e.g., 1% US$35 mill to 10% 350 mill). Or, might France with CAD seize the NG Pistol Bay gold project and give this to OREA as compensation for Montage d’Or; again, no shareholder injury?

Minimal Loss – Win - Win?

GLTA - https://twitter.com/EarthsRare

Oh, by the way, does this also qualify as a ‘depressing and miserable’ speculation? BG we await your reasoned analysis.
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