Bullboard - Stock Discussion Forum Roxgold Inc. T.ROXG

Metals & Mining Industrial Metals & Minerals

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... see more

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Roxgold Inc. > sienttrader

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Post by sparks19324 on Aug 30, 2018 10:48pm

sienttrader

i have held this tock for quite sometime, still a few dollars up. i am unable to to come up with
any reasonable reason why this stock reacts the way it does--i know the number of shares is a holdback. even with the large share count it should be doing better it has one outstanding property and is about to open another and perhaps reach 150k oz/year. with face value and profit projections this stock should be $1.90 to $2.20 even with the number f shares.

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Comment by silentreader on Aug 31, 2018 7:32am

I know. Short mine life is also an issue. Tey need to report full drill results and update their resource statement, which they keep delaying. Knowles bought another 25 000 shares yesterday. Looks like he's taking over from the absent buback program. Simple question - why the heck aren't they jumping on the opportunity to buy back their shares at this price ? ...more

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