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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

Comment by mrsly0on Dec 01, 2022 3:45pm
163 Views
Post# 35144234

RE:almost

RE:almostwe are talking about the warrants received for free at the last pp... the small warrant trading under ore-wt is not liquid, no volume, and you can't get rid of millions there... those who were in the last pp need to convert and don't need to add more cash, just sell enough shares and wait... if shares are below 0.80  at end of january for whatever reason they don't need to exercise and keep the proceed of the share sold and if desired buy back shares below 0.80.  It has to be much below 0.80 since the orezone "share" market is also not lliquid... try buying for one or two millons dollars in a day... without moving the needle.  so even at 0.75 if you have 2 millions warrants better pay the extra 0.05 to get them without increasing the price you will pay for those shares... hopeffully we won't get into that situation...

note. some amount of warrants alreadt been converted... the amount left is part of the Q3 results, as of end of september I would assume.  you can convert your warrants now into shares if you want... why would you? ;-)   eum....

that situation should get rid of itself soon enough... too bad for guys buying warrants they can't afford to pay for... dump them too on the open market :-)

good luck

Curbside100 wrote: a million shares and warrants traded ---I would pnly consider selling my warrants if stock was $2.00 and not sure of that yet


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