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Bullboard - Stock Discussion Forum Orezone Gold Corp T.ORE

Alternate Symbol(s):  ORZCF

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... see more

TSX:ORE - Post Discussion

Orezone Gold Corp > The price is due to the D bag Ceo talking about aquisition
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Post by drunk@noon on Apr 02, 2024 6:45am

The price is due to the D bag Ceo talking about aquisition

That means a blizzard of dilution as they would have to  use shares rather than cash to make the aquiistion. This is unbelievable as they are trading at a fraction of NAV and what will be 50% plus free cashflow yield once phase 2 is up and running. Remember when he announced the financing for the mine the shares were trading in the $1.30 range. The mine was low cost easy to build shallow scoop and plunk quarry operation with as basic processing as you can get, yet the ceo blew it by the bilizzard of dillution he used to finance the mine. Now gold is aproaching 2300 bucks and the share price sits in the mid seventy-eighty cent range. And all he can talk about is making an aquision which will destroy shsareholder value again. THAT IS WHY THE SHARE PRICE IS WHERE IT IS!!!!
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