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Orezone Gold Corporation (ORZCF)

Other OTC - Other OTC Delayed Price. Currency in USD
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0.6951-0.0232 (-3.23%)
At close: 1:26PM EST
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  • C
    Connor
    This company raises some red flags. First pour was scheduled for second half 2021, and up until the government of Burkina Fasko closed buisnesses. The company immediately did a press release, citing the Covid Crisis as the reason that they now project that at least an additional year will be needed. This screams loud and clear to me that the project was already delayed significantly, and instead of telling the shareholders the truth, they waited until they had an out, which would have been an apparent probable outcome, as far back as January, when the WHO warned of a pandemic. Right after announcing another year of cash burn with no mine, the company triples in value. Their balance sheet is going to take a huge hit, due to cash runaway and delays. They still need an estimated $150,000,000 to purchase their rock excavator. I know this looks like a low debt, low risk project at first glance, but they have not even gotten passed the relocation stages. Look at the alleged sight on google maps satellite view: there seems to be no evidence of a major mining project. I have a feeling the analysts have not a thorough job making sure this company is on the up and up. I smell a pump and dump scam.
  • B
    Babak
    Orezone's Bombore project has an after-tax NPV(5%) of $434.7 million at the current gold price of $1,400/toz. The initial CAPEX is estimated only at $153 millio
    Orezone's Bombore project has an after-tax NPV(5%) of $434.7 million at the current gold price of $1,400/toz. The initial CAPEX is estimated only at $153 millio
    seekingalpha.com
  • S
    Slingan
    Anyone any thoughts about Orezone? I am trying to find out what they have going on...
  • B
    Babak
    Latest Breaking news and Headlines on Orezone Gold Corporation (ORZCF) stock from Seeking Alpha. Read the news as it happens!
    Latest Breaking news and Headlines on Orezone Gold Corporation (ORZCF) stock from Seeking Alpha. Read the news as it happens!
    seekingalpha.com
  • d
    daniel.martinez15
    what happened?