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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

Comment by Curbside100on Dec 01, 2022 5:14pm
229 Views
Post# 35144610

RE:RE:almost

RE:RE:almostThe warrants are not very liquid except today nearly 190,000 traded and maybe three or 4 days in the last 12 months had we more than 100,000 traded ---however the news release makes ORE a produced and more activity may occur  an expectation of much higher share price in the  next 30 days and thus the leverage in the short term. The warrants need to be excercised by Jan 23rd ( I think) so I added some warrants to my position when the price of the share was lower - this was added to the position I got from the PP.  I decided to this fully expecting the share price to be higher than when I bought them  based on the mine functioning as laid out by the CEO---- There is always risk the shares may drop but not in my vision.
So If by Jan 10th the share is trading at $2.00 the warrant would be at least worth a $1.00, Then I must decide to sell at $1.00 and reduce my overall risk or double down and buy the shares at .80 --A decision I would love to have
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