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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 Feb 21, 2013 5:49pm
164 Views
Post# 21025329

RE: RE: RE: RE: RE: Things are getting ugly!

RE: RE: RE: RE: RE: Things are getting ugly!

The Primed Report.....are you not seeing what the whole sector is doing?  Pull up the chart of any junior (even near term & producers) and see what it looks like.  This is out of the control of current management no matter how hard they try.  The big fall in the price of gold has made these stocks less attractive to the common investor but in fact they are now even more attractive!  These stocks are now lower than during the lows in the crash of 2008/2009 timeframe when gold was about half of what it is now.

Yes, many juniors will not survive these hard times due to lack of funding but those that have good properties, good management and cash on hand to last until the good times return will provide unbelievable returns!  ROG has already demostrated that they have a desirable property and can raise money in this hard times.  They are cashed up and have experienced management that can take this to the end.

Buy right and sit tight is a proven method that works.  I no longer try to time the bottoms of these as I have learned my lesson that the bounces are very quick and things can quickly change.  If you own quality juniors then its just a matter of time before the market self corrects itself.  I have owned quality stocks that went from historical lows to histoical lows back to historical lows to quickly move back to new highs.....just ensure you own quality juniors.......

Bullboard Posts