Rick Rule
Orezone Resources Inc.
OZN-T
HOLD
Mar 14, 2025
Seemed to him to be a high-cost company, but that wasn't correct. Stock's been punished because of geographic location and its political instability. Likes management and the deposits. Equity financing cleared up balance sheet. Should do better this year, unless more political issues in Burkina Faso.
Have identified a resource of somewhere between 3 and 5 million ounces. Not sure it has the same upside as some of the more beat up stocks as it has held its value much better than the others. Good land situation. Likes the company, but likes the price of others somewhat better.
Seemed to him to be a high-cost company, but that wasn't correct. Stock's been punished because of geographic location and its political instability. Likes management and the deposits. Equity financing cleared up balance sheet. Should do better this year, unless more political issues in Burkina Faso.