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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 drunk@noonon Oct 12, 2021 3:21pm
160 Views
Post# 33998405

This was always going to be a 200,000 vs 100,000 oz

This was always going to be a 200,000 vs 100,000 oz a year mine. And with it, they had a whole lot of oz's they could've used to payback a streaming deal, that would've left us with 250-280 mill fully dilluted vs current 400 million. Streaming deal they pay back with production when mine is up and running, rather than dilutive finacing years before in the dollar range. Shareholders are paying the price of the worse mine financings done in the past dozen years. 50% more dillution will always means the stock price would be 50% higher than whatever it is trading. Yet the mindless cheerleaders defended the financing. Shame..... shame.... shame......The propery is supurb......management is poor.
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