Orezone Gold Corp T.ORE

my understanding

[Curbside100]

They have given up on the French Banks in the short term as none want to visit the site --They are trying to get private financing other than banks ---if gold holds then there should be no problems with the extra financing costs

[dutchman65]

In that case the treasury is going to run out if they actually begin construction.  If I had to guess, I would bet on a delay and a small equity raise again.  It has been the company history.  Hopefully then find someone to come in and partner the project, like West Africa Resources next door?  It could make for a solid combination i would think.  

[Jaydcrzy]

Do you think they would have moved an entire village on site to just end up running out of cash? The bank loan is not off the table. Management was just in BF. Jeff was in quarantine a couple weeks back.. lets not jump to conclusions here. And yes the oxide could be hauled to WAFs mill..but in the if we want a big payday a buyout or 130000 ounces a year is the best for shareholders.  And the

[yoshka2000]

Not to put a damper on things but, I can't see this stock moving North of  $1.00 till after the 1st. pour and, don't forget tax loss is coming. I will wait for the pullback and  the NR for the go ahead which may come after New Year and 1st. pour nine months to twelve after?

[dutchman65]

It would be comforting to know definitively where the financing is going to come from.  This stock would add 50% even before first gold if they could just come forward with how they are going to pay their bills. 

[hcarbon]

yoshka2000, are you for real? 1.00 after the first pour! :-D

[Jaydcrzy]

He fell for that order at 1$ and shorted like crazy .. let him pay up when they announce the loan. 

[yoshka2000]

Not till after,perhaps $1.50  I got  T.rog and lots similarities and same place. It takes time to get there.

[lumpy13]

It's frustrating that the financing has been so delayed.  But, bottom line, value is there so I'm holding and expect a nice upside once the financing closes.  Somebody will step up to provide it as it's an attractive, high IRR project.  the debt is likely be a tad expensive, but would prefer that to dilution.  Also, that it be prepayable so they can refinance once