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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

Post by templetooth2on Jan 25, 2021 7:14pm
200 Views
Post# 32380607

Congrats where due

Congrats where due
I just discovered the financing announcement of last Thursday. It sure took a while but full credit to the company for at least getting it done.  I can think of other companies that are sitting motionless in the weeds, doing squat to advance their properties to production.

Lest I get too generous with my praise, this financing only serves to illustrate how totally useless and unnecessary was the giveaway financing a short year ago: 37.6 million units ( 1 sh + 1/2 wt). That outrageous "deal" (rhymes with steal) was done at 54 cents.  It was always known that there would be a substantial equity component as part of the project financing. The deal just announced at $1.05 and no warrant just rubs salt into the wound of that earllier giveaway.

I'll be watching over the next 18 months or so of construction to see if an opportunity arises. Good luck to all.
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