Robex Resources Inc V.RBX

Alternate Symbol(s): RSRBD

Metals & Mining Gold

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

Robex Resources Inc > 25 cents

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Comment by businesscopon Sep 29, 2023 9:03am

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Post# 35661243

RE:RE:RE:25 cents

Tree2tree wrote: Me? The 'architect' of RBX's decline? That has to be the most phoolish post I have ever seen on SH. The other poster's frustration is understandable (since he always refused to consider logic or objectivity), but honestly I am not the cause of this situation. Am I the one who convinced RBX's ego-driven management to bet its future on a low-value, ultra high-risk project in Guinea? Quite the opposite, I strongly advised against it, but of course my opinion didn't matter then and doesn't matter now.

There are two frequent posters on this board. One is a die-hard, dedicated mental slave of RBX who cannot see any risk in his investment no matter what happens. The other offers independent observations from somebody who studied the company and decided not to invest. So at least this board offers two different points of view, so readers can decide whether one of the viewpoints makes more sense to them.

Speaking very objectively, with a steep uphill struggle to possibly build a mine in Guinea, and very low trading volumes, it doesn't take many sellers to bring the price down. There appear to be very few new investors coming in, only old ones who keep wondering whether they should hold on to hope, or sell and at least get a part of their money back. Those who have sold are the ones who are better off now.

If I were to change my opinion and start pumping RBX like the other poster, would that reverse the decline in the share price? No way.

Tre2tree thanks to you I sold them all a few months ago with a small profit