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Robex Resources Inc V.RBX

Alternate Symbol(s):  RSRBD

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 studpuppyon Nov 26, 2020 6:56pm
165 Views
Post# 31986088

RE:RE:The financial statements are out

RE:RE:The financial statements are outWith all do respect Will , not so fantastic for me...let's just say the rain put a damper on Q3.

Expenses are up , admin expenses almost doubled from last year (q3 2019)
production down 30% from q3 2019 ...(because of high rain season) 
way behind schedule on drilling program due to rain and covid 
A bit of creative accounting to save face (by selling 7800/ounces from june) 

Not blaming management, we just couldn't catch a break with the long and heavy rainy season
that explains the hit we've taken on the sp since last week.

On the bright side  Q4 looks very promising so far ...hopefully we finish the year with a  bang

ABDphil cant wait to get your analysis on this quarter , let's see how the sp reacts tomorrow ...

GLTA
regards stud

 
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