Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Comment by mrsly0on Dec 01, 2022 3:45pm
187 Views
Post# 35144234

RE:almost

RE:almostwe are talking about the warrants received for free at the last pp... the small warrant trading under ore-wt is not liquid, no volume, and you can't get rid of millions there... those who were in the last pp need to convert and don't need to add more cash, just sell enough shares and wait... if shares are below 0.80  at end of january for whatever reason they don't need to exercise and keep the proceed of the share sold and if desired buy back shares below 0.80.  It has to be much below 0.80 since the orezone "share" market is also not lliquid... try buying for one or two millons dollars in a day... without moving the needle.  so even at 0.75 if you have 2 millions warrants better pay the extra 0.05 to get them without increasing the price you will pay for those shares... hopeffully we won't get into that situation...

note. some amount of warrants alreadt been converted... the amount left is part of the Q3 results, as of end of september I would assume.  you can convert your warrants now into shares if you want... why would you? ;-)   eum....

that situation should get rid of itself soon enough... too bad for guys buying warrants they can't afford to pay for... dump them too on the open market :-)

good luck

Curbside100 wrote: a million shares and warrants traded ---I would pnly consider selling my warrants if stock was $2.00 and not sure of that yet


<< Previous
Bullboard Posts
Next >>