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Orezone Gold Corp T.ORE

Alternate Symbol(s):  ORZCF

Orezone Gold Corporation is a Canada-based West African gold producer engaged in mining, developing, and exploring its flagship Bombore Gold Mine (90%-owned) in Burkina Faso. The Bombore mine is an open pit gold. The Bombore mine is focused on its staged hard rock expansion that is expected to materially increase annual and life-of-mine gold production from the processing of hard rock mineral reserves. Bombore is situated 85 kilometers (kms) east of the capital city of Ouagadougou and is readily accessed by paved international highway thereby offering excellent infrastructure and simple logistics.


TSX:ORE - Post by User

Bullboard Posts
Post by Duediligence33on Apr 18, 2019 7:51pm
99 Views
Post# 29647553

Low Liquidity leverage disparity

Low Liquidity leverage disparityOn a 200 million share company a .01 cent drop from 48 to 47 is a market cap loss of 2 million dollars. The days trading volume was 22,500 so just over $ 10,000 was required to lower the market cap by 2 million which is a 200 to 1 leverage capacity. I have a cannabis stock WEED that trade 5 million shares at $ 60 for 300 million per day. These junior gold stocks are in a " nuclear winter" of Apathy disinterest and trapped illiquidity. The only hope to get out is when the FS attracts financing and construction and buyout at $ 1.50 or more. You can not trade out of this stock with a large position only wait for the timing of a sale to a biggie or a JV.
Bullboard Posts