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Bullboard - Stock Discussion Forum Orezone Gold Corp T.ORE

Alternate Symbol(s):  ORZCF

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

TSX:ORE - Post Discussion

Orezone Gold Corp > Is ORE caught in the gold mining stocks down draft?
View:
Post by lumpy13 on May 30, 2023 6:07pm

Is ORE caught in the gold mining stocks down draft?

ORE keeps dropping inspite of strong 1Q23 results and expected strong '23 results.  Am I missing something?  Is there a something going on at ORE which I'm not aware of or is it just the general market disfavor of gold stocks.  Assuming ORE can maintain the same profitabily for the entire year vs 1Q23 profits of 7 cents, ORE is trading at just over 3xPE!
Comment by Curbside100 on May 30, 2023 6:38pm
I am getting ready to buy more despite the huge number I own now 
Comment by karead on May 31, 2023 2:55am
Certainly that's part of it. But it still doesn't make sense. The only thing I can find is that there were a bunch of optiions exercised recently around the $0.80 mark I think it was, and if they wanted to take profits right away, there just aren't enough buyers out there right now. So they keep selling into the bid, so that drops the price more than normal. But by anybody's ...more  
Orezone Gold Corp
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