RE:The toad-of-a-CEO running ORE is the worst destroyer of you were pissed when the shares were 0.50 and now again at 1.60. I see all you messages on other boards and yes, you are drunk way before noon... lol ;-)
for the others not drunk and who can read... :-)
here are the results for the first full Q of this new mine.
https://www.globenewswire.com/news-release/2023/05/09/2665114/0/en/Orezone-Reports-First-Quarter-2023-Results.html good luck
drunk@noon wrote: shareholder value I have come across. The property was/is Golden. It will produce 250,000 of low cost oz's I Could've financed it. But what does the toad do, he unleashed an S load of dilution, leaving the company with over 400 million shares fully dilluted. This of course includes convertable debt, so you get to pay interest AND ;diluted existing shareholders. Anyone else would've got this done leaving 300 fully diluted shares using a streaming company, and of course issing straight debt vs convertibles. And remember 300 milion shares vs 400, increases intrinsic value per share as well as nav per sh
are cashflow per share and thus share price easily 33% higher. Instead even with gold price 2000 plus we sit pennnies above where the shareprice was sitting at the time of the financing.
On top of this he rushed out and added more dilution not too long ago. What for? They just finished free casshlfowing 40 million cdn. Another maddening thing is take a look at the SGA . $6.5 million cdn for the qurter. over 25 million anually. How do you blow through 25 miliion plus a year one a one project company with a small staff. $25 million a year for costing me money.
The cheerleaders on this board don't have a clue.