RE:Orezone: when the vp exploration is an insider buying moreThis is a beautiful thing. The chart is nice too. Lot's of things happenning at the same time that are positive.
1.Gold up
2. Insider buying (non stop and for a long time now)
3. Industry consolidation (Semafo gets bought out by Endeavour...all in the same country too!)
We are in a very bullish time for Orezone. My take is that we'll see the stock price move up with the price of gold. Either we get bought out $1.20 soon or we run past that by October as gold starts to creep on $2000 US an oz. I think the general market will take a bath in Oct/Nov due to the COVID economic numbers coming in. Banks especially will get hit hard. Could we get the perfect timing play? A hard run up with gold prices doing triple digit increases a few times a week? We've seen this when the price went down...it could easily do it on the way up...a few $120 up days for gold would reprice the entire junior gold market. I'd like to see the later with a buyout from a major in a mostly stock deal. That would allow us to enjoy the bull market in gold and also get exposure to a major player. My call is Endeavour takes out Orezone as well at $1.75 range. This will allow the major banking investors who bought in at .80 cents to double up and ride off into the sunset with a tidy profit.
Good luck to you all,
Atheena
Atheena