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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 Jun 26, 2023 1:39pm
180 Views
Post# 35514842

DD33: because I'm furious about the mine financing being

DD33: because I'm furious about the mine financing beingbothed. Would've made a quick 80% by now. But the blizzard of dilution that went into the mine fanacing was beyond belief when given the fact the CEO spent 6 months beforehand bragging about the great finance package he was putting together. When the fincing was announced the shares plunged and never recovered. What is worse is the property is fantastic, as 250-300,000 oz low cost production was always in the cards, Think of the NAV at that and compare it to what he issued shares at, especially considering most companies would've done 40% debt, 30% streaming and only 30% shares. That's the difference between the shareholders losing money over the last 2-2.5 years and a nice fat payday. 
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