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Bullboard - Stock Discussion Forum 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... see more

TSX:ORE - Post Discussion

Orezone Gold Corp > Earnings today after the close
View:
Post by Curbside100 on Mar 23, 2023 11:38am

Earnings today after the close

Wonder how Patty will explain the stock performance since the fininacing --Market hated it as did I --

Why the finacing - Why Now and Why value the company at $1.27 --who vetted the institution and what is the money for  --even if he borrowed the money at !0% for the power line  it would have been better than the financing

Lot of splaining  needed ----
Comment by lumpy13 on Mar 23, 2023 8:43pm
Let's put things in perspective.  $16m cash, which funds more expansion and provides a liquidity buffer.  Shares sold basically at market, without any warrants.  Market cap is US$320m, so only a 4% increase in shares.  No big deal.  I've seen time and again a market overreaction when new shares are issued.  If anything, a buying opportunity.
Comment by Baserunner on Mar 24, 2023 2:41pm
Again another very positive news released and we get no movement! One of the most under valued gold companies out there in regards of cost to production and in the ground to be mined material! The future looks very bright indeed to drilling results so far but retail is not cutting for some reason. (don't give me the market is in the dumper) l guess we have to look at it the way management' ...more  
Comment by hcarbon on Mar 25, 2023 5:30am
If management sees that there is limited upside in the near future maybe they are more open for a buyout!? 150 kOz with potential of 250 kOz has to attract some companies....
Comment by mrsly0 on Mar 27, 2023 8:58am
as you heard on the conference call, no analyst are concerned with your concerns...  $16m from who... that's the good question... good luck
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