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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 > I wonder if B. Faso is a lot more shakey than ceo is
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Post by drunk@noon on May 07, 2024 9:46am

I wonder if B. Faso is a lot more shakey than ceo is

letting on. Needless to say we all know the turmoil in the area, and the twice yearly coups. So far the lastest coup gov't apppears to be reasponsible, or so we are lead to believe. The danger is things could change in terms of dramatic changes in royalties/ taxes etc. Not saying this is going to happen, have no idea, but who knows. Also if things on the ground are shakey, maybe the local bank isn't looking to make any more loans. If things aren't great in country or the area, maybe they don't have the capital to lend.  Certainly not 186 million, and no other financial institution is chomping at the bit to put money into the country. 
In short, the stabilty of B Faso may be a more serious matter than we are aware. Like I said, I have no idea.
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