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56.5¢ orecorp limited

Ann: Notice of change of interests of substantial holder, page-21

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slammin

104 Posts.

3

06/12/22

16:03

Post #: 65179012
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Originally posted by MadMax69: ↑

Didn't realise it was previously Barricks. The management do have a bit of history with Barrick. eg, CEO/MD was part of the Equinox to Barrick deal.

So, might meet the Tier 2 criteria if they go that way. Barrick start losing ounces in Africa from around 2026 I think with one of their other mines running down. Maybe having three mines in close proximity in Tanzania isn't ideal risk mitigation in Africa though.

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Yes was originally owned by Acacia Mining (Barrick owned entity) and due to dispute over taxes with Tanzanian govt had to sell and Barrick took it over and then sold to Orecorp. We basically got it for nothing, ~$11m from memory.

ORR Price at posting: 47.0¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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