Post by
Aton on Jul 21, 2020 6:09am
Net profit = 104 million US$ / Year .. Mcap = 421 US$
Roxgold seems to be extreamly undervalued as of today, if we just take todays gold price $1800oz minus AISC (approx $1000) we get at net profit at 104 million a year, this measure can be seen as a free cash flow or net profit. Roxgold is also net debt free with $50 million in cash and $37 million in total debt.
Roxgold has indicated thet they projects double production when the new The Sgula Gold Project, located in Cte d’Ivoire, starts up, and here we are now with a Share Price / FCF of just 4. We are not that many months away from the final investment desition and all number so far from Cte d’Ivoire are amazing, this will clearly drive up production to 260.000oz.
But the near term groth will come from Burkina Faso, here we have very interesting news coming from the Boussoura Project, also here we have seen really high grades of gold from the first drills, news will come out soon of drills i guess. https://www.roxgold.com/operations-and-projects/Boussoura/default.aspx
Comment by
Zola2 on Jul 21, 2020 3:51pm
Nice volume today and increase in the stock price. Solid company with good production and more to come.
Comment by
Zola2 on Jul 21, 2020 7:11pm
Unusual large volume. Is there an interest in thie company?
Comment by
Aton on Jul 22, 2020 3:55am
Yes I saw that too, some one bought over 2 million shares at 1,59 near ATH, interesting to follow this is the institutions or funds buying into Roxgold? I think so.
Comment by
GUY2012 on Jul 22, 2020 9:57am
I think its because somebody knows something....either about some "BLOW OUT" results upcoming, or a possible "TAKE OUT" and wanted to ensure the purchase of the shares "outside the legal window to buy or sell" when marketmaking news is "forthcoming"... JMO
Comment by
justasmuck on Jul 22, 2020 8:17pm
ROXG is a money machine and so well run... Its a takevoer and the possibility of a second mine adds to the value