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. > FVI ROXG Merger Presentation

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Post by lumpy13 on May 11, 2021 3:32pm

FVI ROXG Merger Presentation

Good presentation on the mutual benefits of the merger.

FVI's stock dove after the acquisition offer, as the FVI shareholders questioned the value of ROXG (with the 40% premium, especially given the African risk) while ROXG shareholders thought they were being sold cheap (given the upside potential of projects being developed, and were especially especially peeved after FVI's stock declined and the premium dropped.

Hopefully, this presentation will assuage concerns on both sides and FVI's price will rebound, especially with the good 1Q21 FVI results. There are complementary benefits for the shareholders of both companies, altho there are minimal synergies operationally.

I'm ok ROXG merging with FVI if the latter's stock rebounds and the 40% premium returns. If not, I'll vote against the merger.

https://fortunasilver.com/site/assets/files/5742/q1_2021_earnings_call_webcast_11may21.pdf

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Comment by hopeitgoes on May 13, 2021 2:54pm

Hey can someone tell me when the voting on this f#$@%%^ merger supposed to take place? I have been a long time ROXGOLD shareholder but this is quite an embarassment and a slap in the face to all of the shareholders holding thisd stock. How the bleep bleep can ROX be so bleeping stupid to let this go for a song and a dance. Not sure where the price will go but I will be dumping 100K shares of this ...more

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Comment by Possibleidiot01 on May 13, 2021 4:32pm

In addition, Roxgold has scheduled a special meeting of shareholders to approve the proposed business combination transaction with Fortuna Silver Mines Inc. on Monday, June 28, 2021. Roxgold is also rescheduling its annual meeting of shareholders to take place promptly following the special meeting on June 28, 2021. The record date for both the annual and special meetings will be Tuesday, May 11 ...more

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Comment by lumpy13 on May 13, 2021 6:20pm

I had a 60% paper gain the day after the acquisition announcement and it's now down to 50%. Unless they succeed in getting FVI's price back up, I'll be a firm no as I think ROXG has a good future..

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