RE:RE:RE:RE:RE:New presentation??More diversionary tactics from the phool. TV is a human disaster, and now a financial disaster that I invested in twice, and yes I lost money the second time. But it's worth mentioning, because it has certain similarities with RBX, and therefore lessons to be learned. TV was struggling with mines that were running out of economic reserves, and they were betting their future on an expansion project that needed major financing. In good years they earned money, but not all years were good years. Then disaster struck with a flooding event closing one mine, then another mine closed as technical challenges cut into margins.
If RBX goes ahead with merging with Kiniero (along with massive dilution and/or debt), then the overall risk level of RBX will go from high to super super high. If the new project doesn't work out for any of 1000 reasons, or if it is built but can't pay its debts, then bankruptcy will just be the normal course of events. And if there are any more negative surprises at the existing mine (which is rapidly running out of ore, with exporation failing to add reserves), then it could happen sooner rather than later.
These are not predictions, they are weighted probabilities which do happen in the real world, more often than recognized by people who lack objectivity.