Orea Mining Corp (OREAF)

[One O'Clock Drop]

Possible buyout or reverse merger between Orea and Nordgold.

The timeline between these two companies is pretty interesting. Back in 2017 Nordgold and Orea entered into an official joint venture together on the Montagne d’or mine.

Montagne d’or literally means mountain of gold.

Nordgold bought into 55% and Orea retained 45% of the mine.



Nordgold is a huge company run by a billionaire Russian, we’ll get to that in a minute.
Nordgold did all the studies, put up a bunch of money. The applied for the permits and the French government denied them. That was a big set back and OREA’s stock price tanked



Fast forward to the end of 2020, after OREA and Nordgold paid for a bunch of studies and whatnot, OREA wins in court against the French government.



Of course the French government sent the case to the appeals court. But OREA won the appeal in July of this year.



At that point the French government had a couple months to take it to the supreme court for their final appeal. The deadline was September 16th to file for it. THEY DID NOT DO SO.

From OREA investor relations person


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Shifting gears for a moment. Let’s look at Nordgold. They are a big mining operation bringing in 2 BILLION dollars in revenue each year.

Website:
https://m.nordgold.com

Look how slick this annual report is https://m.nordgold.com/upload/iblock/1b1/Nordgold%202020%20Annual%20Report.pdf





More on Nordgold:
https://en.wikipedia.org/wiki/Nordgold





Alexey Mordashov owns 99% of Nordgold and is the 4th richest man in Russia.
https://en.wikipedia.org/wiki/Alexei_Mordashov

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Nordgold was intending on doing an IPO on the London exchange.



HERE’S WHERE IT GETS INTERESTING

Just a few weeks before OREA won the appeal case in July, Nordgold postpones their IPO.



Now we have the situation set up as: OREA has won against the French government. Nordgold owns over half the mine, and they also own 8% of OREA. (Which I’m getting too). And Nordgold has canceled their IPO.

We believe Nordgold, at minimum will buyout OREA, and likely reverse merge into OREA.

The share structure of OREA is perfect for a company like Nordgold.



And their financials are not bad at all. 40 million in assets. Zero debt.



Also, let’s look who owns OREA.



Investment funds, Nordgold, Iamgold and Sandstorm. These are not small companies. Iamgold and Sandstorm are also BILLION DOLLAR companies. And they’re publicly traded.

THEY KNOW THE VALUE HERE.

This might turn into a bidding war between these big boys.





Nordgold has a history of buying companies.



And to top everything off, Oleg Pelevin is the director of strategy and corporate development at Nordgold… but is also on the board of directors of OREA





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Just a little more.

One of the main concerns with the mine and the general opposition was that it’s too close to the Amazon rain Forrest.
OREA reworked the plans for the mine and have cut the foot print by 32% and an 80% reduction in CO2 output.

OREA addresses environmental concerns
https://www.wsj.com/articles/orea-announces-new-montagne-d-or-project-design-2-01630496121

Here is the Corparate presentation about the mine.
https://oreamining.com/site/assets/files/3758/orea-presentation-2021-09-01-eng.pdf

OREAF OTC page: https://www.otcmarkets.com/stock/OREAF/profile

Website: https://oreamining.com/

Important tweets:

$OREAF so Multi-Billion dollar companies own 20%+ of the shares of this company! Along with an investment fund holding 20% alone! Follow the money $SAND $IAG Partner NordGold - with a valuation of $5 Billion also holds 8% pic.twitter.com/bCHysc3OHx

— JA (@BinDaddys) September 21, 2021

https://twitter.com/strategicstocks/status/1440320284846743563?s=21

https://twitter.com/warrior16win/status/1440319639804809223?s=21

OREA Twitter page: @OreaMining

We are proud to announce an optimised design of the Montagne d’Or project resulting in a 32% reduction in the #environmental footprint and an 80% reduction in estimated CO₂ emissions 🌎

A crucial step in the development of a leading #gold deposit in the Guiana Shield ⛏️$OREA

— Orea Mining (@OreaMining) September 1, 2021