Bullboard - Stock Discussion Forum Orezone Gold Corp ORZCF

Primary Symbol: T.ORE

Metals & Mining Gold

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... see more

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Orezone Gold Corp > In June of 2021 this stock was over $1.50 a share. Where do

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Post by drunk@noon on Jun 20, 2023 5:36pm

In June of 2021 this stock was over $1.50 a share. Where do

we sit today? This with a fanastic property. Investors we sitting on a GOLDMINE!!!!! Trouble is shareholder value was destroyed and now after years the stock is lower than it was before the mine was built. AND thats with a world class property, with a fantastic NAV and low low cap ex. And with a 5 million oz resource yet, capable of producing 250,000 oz for year, with gold sitting close to $ 2000/ oz.
AND YET THE SHARE PRICE SITS BELOW WHERE IT WAS OVER TWO YEARS AGO>
Let's see one of you mindless shareholders rebut that.

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Comment by lumpy13 on Jun 20, 2023 6:13pm

Can you please explain how shareholder value was destroyed? If you're talking about dilution, the company did a PP in March this year for C$16.5m at C$1.29. In early 2021, the company did a C$73m PP at C$1.09 and a $35m convertible with a conversion price of $1.08. They also raised a $96m senior debt facility. The current market cap is C$462m, essentially the same when ...more

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