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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 14, 2024 11:13pm
203 Views
Post# 36132407

Over 520 million f. d so far, but likely further increased

Over 520 million f. d so far, but likely further increased as the 520 takes into account the current dilution of the converts whereby the converts are converted at 1.20 or something. Too lazy to look up the convert feature as sedar is now a pain to use.
i.e if they convert the debeture at the current share price ( sometihing I'm fearing as the ceo does't care about dilution) we get another blast of dillution. That will take us well over 550 million share outstanding. So don't go by the understated current basic share count when taking into account valuation metrics. 
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