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Just wonder if Nordgold is listed in London stock market or not? If not, there is a possibility for reverse merger.
non-disclosure agreements,nordgold wants deal silent to prevent bidding wars
A reverse merger is a possibility and I have wondered about that too.
Thanks. Is it possible that Nordgold could be reverse mergered into oreaf? I remember folks talked about Nordgold halted its IPO in London a few months ago and possibly mergers with oreaf. Any information or progress to share here?
bought 200 000, awaiting the PR from the company ....
buy-out at 2 USD, i'll agree
$OREAF For newbies to Orea,There is Article-SeekingAlpha
Welcome aboard!
https://seekingalpha.com/instablog/535947-darp-research/5654929-orea-mining-what-is-billionaire-backed-company-2_2-billion-of-high-grade-gold-worth-23#comments
Orea Mining: What Is A Billionaire Backed Company With $2.2 Billion Of High Grade Gold Worth? $23 Million?
OREAF .118 now +19% up. Still see no PR, but 1 year ago they did not PR for 7 days after decision.
Chart? Love it, it is right on upper Bollinger Band. The bands are widening. Last time it broke upper band after it widened OREAF tripled from .08 to .26. about July 21.
Make that .12 new high and +21%.
Make that .1276 about +29% And Cha Ching it broke that upper Boll Band now.
Nordgold wont want to share ownership. The mine is now de-risked so I expect a Nordgold buyout.
It would seem that a buyout of all or large part of remaining Orea interest would be the most logical outcome IMO. Nordgold is the one and only apparent suiter for that share. And Nordgold will provide the CapEx and develop and operate the mine. They have more horsepower to do so
Could it be possible for oreaf to be bought out? Some folks mentioned this possibility here a while ago
berlin market (euros)0.0835+0.0200 (+31.50%)
At close: 08:00AM CET
3rd day of accumulation,OREAF puts out great attorney approved news,watch for demand soon
started a position here 60,000 shares
watching to double up
OREAF
... The decision fell on December 30: France nature environment's appeal is rejected. Nothing now stands in the way of the renewal of concessions. The Russo-Canadian Consortium can therefore prepare a new project, and submit it to the authorities, to obtain an operating license… a new economic, environmental and legal battle will begin. At the same time, another procedure is still in progress. The France nature environment association appealed to the Constitutional Council, believing that mining in Guyana could go against the government's objectives in terms of climate protection.
We Won .. We Won...
The first legal battle against the Montagne d'Or company ends: the 25 year concessions are maintained. On December 30, the Court of Cassation rejected the last appeal lodged by the NGO France Nature environnement. This does not mean that the mega-mine project is resumed ... but the Russian-Canadian consortium NordGold-Orea retains its concessions.
https://la1ere.francetvinfo.fr/guyane/la-compagnie-montagne-d-or-conserve-ses-concessions-1196482.html
Great post geodan! There is always an NGO or several of them apposed to every mining project. Looking good now $OREAF
Have found a confirming News story, this in French TV https://la1ere.francetvinfo.fr/guyane/la-compagnie-montagne-d-or-conserve-ses-concessions-1196482.html They do get 25 year renewal. It mentions that the antimining outfit will try and get gov to kill it anyway, but to do that the gov would have to pay Orea, to buy them out is my read, as Orea has the legal right to mine there now.
Notice below the government gave up fighting Orea at prior court decision, it was an outside NGO group that took it to French equivalent of US Supreme Court. That hints the Government is not all that adamant on this issue.
The stock went to .26 in Sept based off of prior non final court victory, being this is final legal victory should go a lot higher. It is amazing that no mining website has picked up on this, guess language barrier as both articles are in French. Orea needs to comment, has anyone called them?
The first legal battle against the Montagne d'Or company stops: the 25-year concessions are maintained. On December 30, the Court of Cassation rejected the latest appeal filed by the NGO France Nature environnement. This does not mean that the mega-mine project resumes... but the Russian-Canadian Consortium NordGold-Orea retains its concessions.
Véronique Bedz/Franck Leconte/MCT • Published on 5 January 2022 at 05:57
The first act took place in January 2019: following the mobilization against the Montagne d'or mega-mine, the government announced that it wanted to put an end to the project and refused to extend the concessions granted to the company for 25 years. This concerns two concessions: Montagne d'Or and Elysée.
Act 2 takes place a year later. The consortium is attacking the state before the administrative court. On 24 December, the TA annulled the State's decision, and requested the renewal of the concessions. But the Ministry of Economy and Finance is appealing.
July 16, 2021, act 3: the Administrative Court of Bordeaux rejects the appeal. The government is rejected, but it is not yet the end of the process. the NGO France nature environnement files a third-party opposition petition against the decision of the Administrative Court. It was therefore the Court of Cassation – the highest court – that had to decide in this case.
Decision taken on 30 December
The site of the company Montagne d'Or
The site of the company Montagne d'Or • ©Jocelyne Helgoualch
The decision fell on December 30: the appeal of France nature environnement is rejected. Nothing now stands in the way of the renewal of concessions. The Russian-Canadian Consortium can therefore prepare a new project, and submit it to the authorities, to obtain an operating permit... a new economic, environmental and judicial battle will begin. At the same time, another procedure is still ongoing. The association France nature environnement has referred the matter to the Constitutional Council, considering that mining in French Guiana could go against the government's objectives, in terms of climate protection.
Finally.
Time for ascending $$$.
The current mkt cap in USD is about $22 million as they have about 205 million shares.
In legal docs NorGold has valued the mine:
10-22-2021. Nordgold files Lawsuit Valuing its 55.01% of Montagne d'Or Gold Project at US$4.6 Billion against France.
Curiously Nordgold has set themselves up to pay Orea a lot more ($3.76 billion) if they buy them.
OK a total value of $8 billion is too much, but a current value of $1 billion would seem feasible. This is a huge and high grade deposit, one of the best waiting to be built. Orea own 45%, that is a current value of $450 million, yet before a PR comes out from Orea on this it is trading for $22 million. I bought another 300,000 shares based on this news today, got them for about .093 avg and now have about 1 million shares.
What is $450 million divided by $22 million? Just about a 20 bagger.
What is the NPV officially. I found this from 2017:
Bankable Feasibility Study3
NPV (5%): US $370 Million (After-tax)
IRR: 18.7% (After-tax)
CAPEX: US $361 Million
(After Surplus Tax Credit Refunds)
AISC: US $779 per ounce gold (LOM)
(Including reclamation & closure)
LOM: 12 years
Production: 2.57 Moz (LOM)
237,000 oz/year (years 1-10)
Average Mined Grade: 1.73 g/t Au (years 1-10)
3 For more details on the BFS, refer to news release dated March 20, 2017
Mineral reserves are inclusive of the Measured and Indicated resources and are reported at varied cut-offs dependent on lithological rock types, economics, metallurgical recoveries and a gold price of US$1,200/oz.
OK gold is $1820 now. But when the gold price goes up 50% the value goes up a lot more, all gold mines have leverage to the gold price. Also more ore becomes profitable to mine. There has been some inflation since 2017 but not 50%. At a $900 AISC each oz makes $300 profit at $1200 and a $900 profit at $1800 so that is 3 to 1 leverage to gold price. 2 to 1 leverage would be conservative. So at 2 to 1 that would be $740 million Net Present Value, that sounds reasonable.
$740 Million x 45% = $333 Million / $22 Million = a 15 Bagger. Or in USD $1.57 a share or Cad $2.00 a share. This is entirely possible. The main risk I see is the article is a fake. I went thru website page after page, it appears to be a major French Guyana newspaper.
Now the astounding back to back +20% days for Orea that baffled me makes sense. Once this is PRed the stock should go over $.50 USD. Hence why bought 300,000 more shares.
Cheers
Sorry, I had to search for it so it looks like my search criteria was blank. Go to the main website and search it should come up
https://www.conseil-etat.fr
2nd link, does it ever load?,wheelieThingFor5mins now
Newspaper Orea won
https://www.franceguyane.fr/actualite/justice/france-nature-environnement-perd-une-manche-contre-montagne-d-or-494125.php
That article translated from above link: JUSTICE
France Nature Environnement loses a round against Montagne d'or
FXG, in Paris
Monday 3 January 2022 - 10h32
The association France nature environnement has failed to cancel the extensions for 25 years of the mining concessions called "Montagne d'or" and "Élysée".
On January 21, 2019, the Ministry of Economy and Finance had refused such an extension to the mining company Montagne d'Or. By two judgments of the Cayenne Administrative Court of 24 December 2020, the Ministry's decision had been annulled and the State had been ordered to extend the concessions in question.
Instead, the Ministry of Economy and Finance appealed.
In vain since the Administrative Court of Appeal of Bordeaux rejected his appeals on July 16, 2021.
On 12 August 2021, the same Administrative Court of Appeal rejected the "third opposition" motions filed by the association France Nature Environnement against the judgments of 16
July. The association therefore appealed in cassation to the Council of State which issued a decision on December 30: the appeal is not allowed.
Not rumors the court filing shows the Supreme Court declined to hear the case from the French Gov giving Nordgold/ OREAF the final victory they need to proceed.
The link below from the case filing clearly shows the win.
$OREAF https://t.co/l2ABG6vbbv pic.twitter.com/rBKR21Csj1
— T-4 (@t4kingoff) January 4, 2022
28% Gain? Rumors? Article on Orea
This is only write up I know on Orea https://seekingalpha.com/instablog/535947-darp-research/5654929-orea-mining-what-is-billionaire-backed-company-2_2-billion-of-high-grade-gold-worth-23#comments
Today this is out, but does not deal with court decision https://marketingsentinel.com/2022/01/05/how-has-the-orea-mining-oreaf-stock-appreciated-28-in-the-last-session/
Good to see activity here.
If Nordgold comes in with a buyout
Knockout punch
It is game over, lights out,
Good night sweet prince
OREAF
Agreed, multiple dollars. I'll go back to the feasibility study and come up with an estimate
Well this one claim I believe is valued at $8 Billion which OREAF owns 55% and Nordgold the other 45%. Then consider all the other operations.. Dollars per share i think if it happens
Have there been any talks about what the buyout price would be?
And I am sure as well that the buyout is certainly THE plan. $OREAF
Me too... When the Billion Dollar Company Nordgold buys them out to own the claim outright I want to cash in.
I've got nothing but time........
Give them a few days to allow company yo get it through legal teams and official channels.
I would sure love to see a PR from the company AH confirming the news
Looks like the Supreme Court declined to hear the case from the French Government... Meaning OREAF Won
Once the Supreme Court gives us the stamp of approval, easy dollars
Starting to feel pretty damn locked
Ihub board dead. Other Orea social media sites much more active
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