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Bullboard - Stock Discussion Forum Roscan Gold Corp V.ROS

Alternate Symbol(s):  RCGCF

Roscan Gold Corporation is a Canada-based gold exploration stage company. The Company is focused on expanding its resource footprint in West Africa. The Company has assembled a significant land position in the prolific gold prospective Birimian rocks of west Mali. Its Kandiole Project consists of its exploration properties located in West Mali. Kandiole Project is comprised of approximately... see more

TSXV:ROS - Post Discussion

Roscan Gold Corp > No mining permit for 2023
View:
Post by oilfiftybucks on Dec 29, 2023 2:06pm

No mining permit for 2023

So much for mining permit by end of 2023. Pure silence from Nana and team. They deserve an F on their 2023 report card. No increase to reserves like they promised, barely any new drill results despite blowing through $10mm in capital this year, no mining permit as promised and shares down nearly 50% for the year. Time to move on to a better story.
Comment by willyk3 on Dec 29, 2023 2:33pm
Mining permit?  Does Mali still have a government?  Is it a completely lawless environment.  no sense in finding more gold for the Russians or Chinese to control when they move in  unless of course some sense comes to the region...but these days the west is more than occupied with wars in Ukraine and gaza
Comment by rockhead7 on Jan 01, 2024 8:43am
I have been investing in West Africa for a quarter century.  Mali is one of the most reliable regiemes in the area- the others don't set the bar very high-pretty sure they have never lost production because of political unrest.  The Chinese Russian connection is new and worrisome but at the end of the day they are there to make money too.  And do not forget ECOWAS-if the Mali ...more  
Comment by willyk3 on Jan 01, 2024 10:04am
Rock I can only hope that your entusiasm is warranted.   The project should be worth plenty more than the stock is priced at and I retain some assurance by the presence of B2 close by and Barrick across the border...but having watched the stupidity in Panama with Quantum and the idiocy that masquerades as sound economic policy in Trudeaus Canada...I worry that anything can happen as ...more  
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