Post by
cordillon on Oct 07, 2021 12:58pm
A bargain I'd say!
I have been following Orezone for a few years and I bought 10,000 shares yesterday at $0.99. By this time next year they will be in full production with the expectation of producing 118.000 ounces a year. I believe it will be more. Their marketcap today is 323M, about one year of income. This is crazy undervalued. If the market value of Orezone doesn't increase between now and first pour, there will certainly be a buyout. Endeavour has their eye on this company. Remember they just bought Semafo a year ago, and they operate mainly in Burkina Faso. At 1.00cdn. this company is way undervalued. You can be sure buyers are closing in. Orezon is on schedule, on cost and fully financed. What is there not to like?
Comment by
hcarbon on Oct 07, 2021 3:09pm
I agree 100%. The only reason it trades at 1.0cad right now is because people think the sp can go down even more if gold sells off, to maybe 1600us. In that case you could see sp go down even more. If this is the bottom i gold and we going higher I would almost go all In!
Comment by
hcarbon on Oct 08, 2021 4:27pm
How many shares does CIBC has to sell? They really unloading some big Numbers of shares...