Post by
Systemtogo on Dec 20, 2023 9:16am
What's going on with ORE
I remember getting into this stock at 29 cents back in 2014. What is going on here these days? Did it only get hammered with the rest of juniors or is there something more sinister going on here? Seems like an amazing pick - solid mine production, solid management ownership is huge with more insider buying, good macro gold market to come. What's the deal?
Comment by
marketman67 on Dec 20, 2023 11:14am
If a company has no other exploration outside of the one project, even if there is lots of potential still ahead, they get punished by the market. Orezone needs to find another project away from Bombore, preferably outside of BF, to start their stock moving again. Good project, good people, just lack of diversification.
Comment by
Baserunner on Dec 20, 2023 12:13pm
Good point 67, but l believe ore is a one trick pony, and it will be taken out when up and running on all discoveries! No diversification required! Good luck!
Comment by
Curbside100 on Dec 20, 2023 3:17pm
Plate full right now -- a merger with West Africa Gold makes more sense and moree attractive to a big boy
Comment by
Systemtogo on Dec 21, 2023 8:06am
What's a realistic buyout price? $1.30-$1.50 ish? Or am I way off?
Comment by
Baserunner on Dec 21, 2023 9:48am
I don't think insiders are looking at those amounts! I don't believe it would even start that low! Too much time, money and risk gone into this project! 900mil market cap is on the low side when in full production!
Comment by
Curbside100 on Dec 21, 2023 3:12pm
as long term shareholders we have been punched hard in the gut with these recent share prices----a coule of good quarters and that $3.00 plus takeover price looks plausible
Comment by
mrsly0 on Dec 21, 2023 3:13pm
look at this updated presentation from management dated (tomorrow)... check the page "Junior Producers with a Runway to Mid-Tier Status" and look at the current valuations of those 3 mines and their production/reserve and aisc.. $4.00 for a takeover is way low... good lock https://orezone.com/site/assets/files/5737/orezone_-_2023_corporate_presentation_12-22-2023_website.pdf