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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

Comment by templetooth2on Jan 10, 2019 4:10pm
127 Views
Post# 29214830

RE:RE:A few more numbers

RE:RE:A few more numbers
ROXG is from my perspective a little island unto itself. I keep half an eye on it (and even trade it once in a while) because the numbers are easy to figure out and it's an education to keep in mind when you feel yourself getting too enthusiastic about something.

It isn't especially fair to compare a growth stock to a situation like Roxgold where the biggest excitement you can expect is news about ordering and accepting delivery of new sparkplugs. Getting regulatory permission to buy back 1.6 % of the stock kinda shows you the dynamism you can expect from this outfit.

Compare this to, for instance, LMC, with about 10% fewer shares outstanding, just finished the year with production of about 300,000 oz. Their stated objective is to build and acquire their way to 750,000 oz annual production, following the pattern of EDV. Now, will every day be sunshine and bliss for Leagold going forward? Probably not, but it'll be more interesting than reading about the newest batch of greaseguns delivered to BS (Bagassi South).
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