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 > the scary thing is why are people selling now? 2400 gold.

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Post by drunk@noon on Apr 12, 2024 10:34am

the scary thing is why are people selling now? 2400 gold.

The price hasn't rebouded materially with thie $500 jump up in Gold. You wouldn't thought given the country and managment risks those who feared this would've sold by now. So who is selling and what is the motivation. What do they know that we don't know. My postion isn't large, but money is money. What keeps me in is the supreme value of this rare rare gold mine of a gold mine. Low cap ex, shallow open pit, with plenty of exploratin upside. I am not saying those who sell, shouldn't be selling. I am saying what info do they have that I don't. Thats is what I ask myself, rather than mindless cheerleading that has taken place on this board over the years.

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Comment by habsguy on Apr 12, 2024 10:44am

Drunk.....that was your best one yet... Very good and valid question...... I might add that your typing skills on this one is also up big time..... Time will tell....the bank has got to be going up.....gl

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Comment by Baserunner on Apr 12, 2024 10:53am

It's been a long and very disappointing selling campaign for the last 9 mos! Someone or some unit has a real hate on for this company! You would think a great potential mine would have investors Crawling all over each other to get a piece of this company! A cash cow ! If the CEO doesn't mess things up! 2450.00 gold less 1200 cash cost! Please! O well it is what it is!

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Comment by habsguy on Apr 12, 2024 12:47pm

Fidelity reported on 2/29/2024 that they sold ~ 2.9M shares that reporting period. They still hold ~9M.... FIL investments out of UK reported on 2/29/2024 that they sold ~2M shares that reporting period. They still hold ~6.6M..... Institutions plus insiders own ~40%.... Yes there was dumping....and when funds with large amounts want out in a down markt it can create kaos....but kaos can create ...more

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Comment by Baserunner on Apr 14, 2024 9:24am

So why is it? When you have conference call , the CEO and his PR Lady won't say to share holders we have 2 funds that are lightning up and here is the reason why? Just apply the reasoning when a fund is buying and you are telling everyone the reason why they want in? Is that so hard to be truthful? This BS from them has got a lot of investors nervous! We are all aware of the burkin faso factor ...more

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Comment by habsguy on Apr 14, 2024 11:04am

Base...it appears u need a broker upgrade.... Control your own destiny....if u are waiting for the company to do that u will be waiting a long time as u are at the end of the info line up..... I would highly suggest Qtrade.....lots of good features and good ratings.....can vouch to being better then Td and Questrade.....gl....

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