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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 Jul 10, 2024 9:08am
146 Views
Post# 36125996

hom hum another blizzard of dilution. But there will be more

hom hum another blizzard of dilution. But there will be moreto come I suspect. I  think the dull ard will adjust the dilutive component of the convertible debenture. Becuase the convert feture of the connverts  currently is  well out of the money, we shouldn't be subject to a further blizzard of dilution. Too lazy to look it up but current is something like 1.10-1.20. But I suspect he might allow the convert to be adjuested down to current share price. Thus allowinng for another blizzard of dilution. 
I can't stress how out to lunch thtis guy is. It is criminal stupidity. Remember he didn't discouver this fantastic property. They borught him on board to build this simple mine. And in doing so he has destoyed shareholder value by nonsensical dilution. 
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