Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Orezone Gold Corp T.ORE

Alternate Symbol(s):  ORZCF

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 project hosts free digging oxide resources underlain by higher-grade sulphide resources.


TSX:ORE - Post by User

Post by drunk@noonon Jun 14, 2023 1:56pm
139 Views
Post# 35496408

investors realize the CEO will likely destroy more sharehold

investors realize the CEO will likely destroy more shareholdshareholder value by unleasing another blizzard of diltion to finance the expansion. Needless to say, given that they will pull in 90 mill more of freecashflow in the final 3 quarter, he should be able to finace the remember of the expansoin with debt. But of course he won't. Not after the butcher job he did with the first financing of the project. i.e the over dilution leaves the shares trading at 1.20 vs 1.80. And I called it at the times as the shares actually traded slightly higher than they do now, when the original finance package was announced. One that had no streaming  but instead a blizzard of shares and of course a convertible debt. So why buy now when more dilution will come down the line.
<< Previous
Bullboard Posts
Next >>