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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 26, 2023 1:39pm
141 Views
Post# 35514842

DD33: because I'm furious about the mine financing being

DD33: because I'm furious about the mine financing beingbothed. Would've made a quick 80% by now. But the blizzard of dilution that went into the mine fanacing was beyond belief when given the fact the CEO spent 6 months beforehand bragging about the great finance package he was putting together. When the fincing was announced the shares plunged and never recovered. What is worse is the property is fantastic, as 250-300,000 oz low cost production was always in the cards, Think of the NAV at that and compare it to what he issued shares at, especially considering most companies would've done 40% debt, 30% streaming and only 30% shares. That's the difference between the shareholders losing money over the last 2-2.5 years and a nice fat payday. 
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