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Opinions Rick Rule
Orezone Gold CorpORE.VCOMMENTAug 24, 2026
Rick RuleStock price when the opinion was issued
As of Dec 22, 2021. Market Open.
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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.
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.
Rick Rule
Michael Smedley
Michael Smedley
He has a lot of confidence in the CEO. They have a mine in Burkina Faso and have bought a new operation in Quebec. He wants to see how this new operation is integrated. He owns shares but has trimmed his position.