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Orezone Gold Corp T.ORE

Alternate Symbol(s):  ORZCF

Orezone Gold Corporation is a Canada-based gold mining company. The Company is engaged in the exploration and development of gold properties in Burkina Faso, West Africa, focusing on its 90%-owned Bombore gold project (Bombore Gold Mine or Bombore Project). The Bombore Project is a open pit gold mine situated approximately 85-kilometer (km) east of the capital city of Ouagadougou. The Bombore project hosts free digging oxide resources underlain by higher-grade sulphide resources.


TSX:ORE - Post by User

Post by drunk@noonon Jun 13, 2024 9:23am
77 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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