Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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

Post by ABDPhilon Oct 12, 2022 8:09pm
772 Views
Post# 35021063

The last sprint is underway.

The last sprint is underway.
Mr Tree2tree seems worried. This is not surprising because a text of 30 words, of not very credible origin, is enough for him to form an opinion on the security issues of an entire country. If he wants to be reassured by countless useless press releases, he should buy AGG/TRE. Otherwise, he will have to wait for the steps to be finalized.
 
Now that the 43-101 technical report has been published, Robex must submit a final statement of account to Sycamore for the investments made on the Kiniero project. In order not to delay the production of the Q3 financial statements, it seems logical to me that this account statement must include the amounts invested until the end of the quarter, on September 30.
 
Then, this last statement of account of Robex must be transmitted and integrated into the liabilities of Sycamore. Considering that Sycamore's debt has an influence on the quantity of Robex shares to be issued, it is expected that Sycamore may choose to reimburse this debt in proportion to the shares held by each shareholder. As Sycamore is made up of ~7 shareholders, 7 responses are expected, in addition to money transfers for those who will proceed with the reimbursement. In the last step, the final financial statements will be produced, then sent to Robex.
 
Upon receipt of Sycamore's financial statements, the calculation of debt-related deductions will be made by Robex. Necessarily, this calculation will have to be approved by the shareholders of Sycamore. If everything is in order for all parties, the conclusion of the transaction can be finalized.
 
Despite the low level of complexity of all of these steps, they are nevertheless numerous. Consequently, I believe that as of October 12, this delay is completely normal and a few additional days will probably be necessary.
 
In conclusion, the last sprint is underway and worries have no place.
<< Previous
Bullboard Posts
Next >>