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Robex Resources Inc V.RBX

Alternate Symbol(s):  RSRBF

Robex Resources Inc. is a Canada-based gold mining company. The Company owns two assets in the prospective Birimian Greenstone belt: the Nampala producing gold mine in Mali, and the Kiniero Gold Project in Guinea (Conakry). The Kiniero Gold Project is a 470 square kilometers (km2) package of mining licenses in the prolific Siguiri Basin, Guinea, and consists of the adjacent Kiniero (mining) and Mansounia (exploration) licenses which host numerous deposits. The Nampala Gold Mine is located in the Republic of Mali, approximately 250 kilometers (km) southeast (335km by road) of the capital of Bamako, 45 km northwest of the Syama Mine (operated by Resolute Mining Limited) and 91 km southwest of the Morila mine (operated by Firefinch Limited). The mine is in the Sikasso administrative region. The property has a total surface area of c. 280km2 and consists of two parts: the Nampala exploitation permit covering 16 km2, including the Nampala mine, and five exploration permits.


TSXV:RBX - Post by User

Comment by watchdogontarioon Jul 27, 2020 8:57am
110 Views
Post# 31322887

RE:RE:RE:RE:Nothing has changed!

RE:RE:RE:RE:Nothing has changed!Sounds like you see what has been happening, with a third party investor. Always pops up when things should be moving upwards rapidly, and puts the brakes on to keep the SP low. Going from a speculative company with no production, and huge debt with a SP of .20 to a company that started production and was paying off debt and showing profit the SP dropped to around .07, and seemed to stay there for ever. Then profits started to really surge, and they added a second crusher, they allowed the SP to finally move to where it has eventually ended now. With the current price of gold, and the much increased production, and much reduced debt, these shares should be going through the roof. The executive has all been rewarded very handsomely, but they throw the shareholders a few crumbs. When the cost of production remains low and the selling price of gold increases like it has, the profitability goes up in multiples.
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