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Bullboard - Stock Discussion Forum 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... see more

TSX:ROXG - Post Discussion

Roxgold Inc. > For 2021, with Roxgold we expect.....
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Post by GreenGecko on Jan 02, 2021 1:07pm

For 2021, with Roxgold we expect.....

a buyout offer from Teranga.  Teranga will be rolling in free cash flow and want to enter the realm of major African gold producer.  
Some will expect a buyout offer from the Chinese.  Maybe.  But the Chinese seem more concerned with base metals albeit not entirely base metal focused.  
Teranga is a gold producer, and they have proven that they can build relationships with African governments.
Good luck to all in 2021.
Holding shares anticipating a good offer.
Comment by stocksnbonds on Jan 04, 2021 6:41pm
Not likely having Teranga as a buyer as EDV.to is purshasing Teranga in a 2.4B deal.  We may get bought out by EDV-- yes. Not for a little while longer though.  This gives ROXG a chance to start the new mine and get re-rated higher as a two mine producer as opposed to a one mine operator and explorer. For those not sure about the price projections, I do see a $3+ price possible over the ...more  
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