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Roxgold Inc. T.ROXG

Roxgold Inc is a Canadian gold mining company. It is engaged in acquiring and exploring mineral properties. The company has two reportable segments; Mining operations and Exploration and evaluation of mineral properties, located in Burkina Faso. Its key asset is the Yaramoko Gold Mine, located in the Hounde greenstone belt of Burkina Faso, West Africa, and Seguela Gold Project located in Cote d'Ivoire, West Africa. The company's primary income is derived from the sale of gold.


TSX:ROXG - Post by User

Bullboard Posts
Comment by goldbull636on Jul 13, 2012 2:50pm
257 Views
Post# 20111999

RE: How about this scenario:

RE: How about this scenario:

Well.....this could happen now that they will have a 43-101 in hand within 2 weeks and a lot more drilling completed by 25 Sept.  I do know that management had no intention sellling too early for a low offer as they know that more drillling will uncover a lot more value.  They have a lot of holes at the lab and are aggressively drilling.  If we see them drilling more and more of the new untested targets and bringin in more rigs then this will bea good hint that they might be pursuing this.

I would only expect this to happen if the offer is reasonable since they too are shareholders and own a bunch of options....they would be selling themselves short if they took a low offer just to sell it. 

Obviously Mr Lennox-King sees the opportunity to take this to the end and current management also wants to be the ones that can add it to to their accomplishments/resume.

Just remember that they would need the majority of shareholder's votes to sell it so a lower offer would probably not be accepted.  We all know where this is heading so I definately wouldn't be voting for it until I think we have a good offer based on what is in the ground. 

Bullboard Posts