Opinions Rick Rule
Orezone Gold CorpORE.VCOMMENTSep 28, 2016
Rick RuleOwned
$0.79
Stock price when the opinion was issued
$1.25
As of Dec 22, 2021. Market Open.
metal mines
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DON'T BUY
High regard for management. Bit of trouble reaching capacity after finishing recent construction, but bigger issue probably is that it operates in Burkina Faso (facing political challenges with Islamic fundamentalists, plus increasing social rents extracted from mines). This company is not alone with these challenges, and that won't change until we get more evidence of the sanctity of contracts.
Increasing embrace of Russian interests, replacing Western ones, in terms of providing regime security.
metal mines
HOLD
Owners are now pursuing more West African assets. Producing and expanding. Good company. (See Top Picks.)
Michael SmedleyOwned
metal mines
BUY
Gold in Burkina Faso. Good management. His probabilities of success are very good based on management's previous success in selling a gold mine. Have started drilling. Speculative.
Michael SmedleyOwned
metal mines
This is going to be tricky. They pulled their bankable feasibility study. High quality people. He is working on studying the deposit right now, but officially he is neutral on this.