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Orezone Gold Corp ORZCF


Primary Symbol: T.ORE

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 13, 2024 9:23am
124 Views
Post# 36086750

no one dumps shares for hate. Unfortunetly is they

no one dumps shares for hate. Unfortunetly is theyown a large position of shares, they know more about the situation than we do. So why are they dumping on such good news when ----with the information out there-- it is irrational. Remember this is someone who was willing to invest in B Fasto in the first place. Such fators for low valuation as people not being aware of a tiny mincrocap stock located in B fasto makes sense for a low share price. But for someone aware of the intrinsic value and was comfortable enoough to invest in B Faso is selling hand over fist is worrisome.  Possible reasons
A) management is up to some mind numbing  bonehead move---involoving of course dillution.
B) The situation on the ground in terms of government/politial risk isworse than is being let on.

Will govermnent counitue to act responsibley, in terms of royalites taxes. Or could they decide they want 80% of the proceeds and if the companies don't like it they can leave.
I haven't a clue of which it is, 


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