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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 > no one dumps shares for hate. Unfortunetly if they
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Post by drunk@noon on Jun 13, 2024 9:39am

no one dumps shares for hate. Unfortunetly if they

own a large position of shares, they know more about the situation than we do. So why are they dumping on such good news when ----with the information out there?  It is irrational. Remember this is someone who was willing to invest in B Fasto in the first place. Such fators for low valuation as people not being aware of a tiny mincrocap stock located in B fasto makes sense for a low share price. But for someone aware of the intrinsic value and was comfortable enoough to invest in B Faso is selling hand over fist is worrisome.&nbsp; Possible reasons<br /> A) management is up to some mind numbing&nbsp; bonehead move---involoving of course dillution.<br /> B) The situation on the ground in terms of government/politial risk isworse than is being let on.<br /> <br /> Will govermnent counitue to act responsibley, in terms of royalites taxes. Or could they decide they want 80% of the proceeds and if the companies don&#39;t like it they can leave.<br /> I haven&#39;t a clue of which it is,&nbsp;<br /> <br /> <br />
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