Bullboard - Stock Discussion Forum Roxgold Inc. T.ROXG

Metals & Mining Industrial Metals & Minerals

Roxgold Inc is a Canadian gold mining company. It is engaged in acquiring and exploring mineral properties. The company has two reportable segments; Mining operations and Exploration and evaluation of mineral properties, located in Burkina Faso. Its key asset is the Yaramoko Gold Mine, located in the Hounde greenstone belt of Burkina Faso, West Africa, and Seguela Gold Project located in Cote d... see more

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Comment by Curbside100on Apr 27, 2021 12:17pm

RE:RE:RE:1.1B valuation becomes 900m?

EDV could look at ORE

Discussion

Comment by RONNIE111on Apr 27, 2021 11:19am

RE:RE:1.1B valuation becomes 900m?

I have been thinking it would be logical for EDV to takeover RoxG for a long time. EDV is all over that part of Africa, EDV has lots of cash these days, and is great at building new mines. ...more

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Post by robt2009on Apr 27, 2021 11:18am

Well

We sold out the company for f all. We were going to hit 2.30 on our own anyways. Payed with over priced stock in a all stock deal.

Comment by bever64on Apr 27, 2021 10:33am

RE:1.1B valuation becomes 900m?

Maybe EDV.TO can summon up 1B dollars in stock and cash for roxg ; there cap is over 7B dollars....why not keep fortuna out of their juridiction and grow their empire at the same time?? I think rox is ...more

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Post by bever64on Apr 27, 2021 9:58am

1.1B valuation becomes 900m?

All approximate of course...but rox @ 2.25 is about 20% lower due to fvi getting smoked. Enough room for another bidder considering the 40m break fee???

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Comment by Possibleidiot01on Apr 27, 2021 6:40am

RE:RE:RE:RE:answer for Kevmax

I did look up arbritage before my reponse ; decided to leave it out;) The technical definiton seems to be along the lines of same assets in different markets . but yes , I would agree with your ...more

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Comment by RONNIE111on Apr 26, 2021 8:45pm

RE:RE:RE:answer for Kevmax

Yes what you say is true. It is possible for there to be, I think it's called arbitrage , a difference develop between RoxG share price and Fortuna share price x .283. By my ...more

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Comment by Possibleidiot01on Apr 26, 2021 6:19pm

RE:RE:answer for Kevmax

if the price of Fortuna goes up , the price of ROXG's shares should trade up . There should / will be a link between the two companies until the deal closes unless another offer appears or the ...more

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Comment by kevmaxon Apr 26, 2021 5:02pm

RE:answer for Kevmax

thanks, is it just todays close? or till the deal closes,ie in a month fortuna closes 9.64 or greater our price would come up? thanks again.

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Comment by RONNIE111on Apr 26, 2021 5:00pm

RE:answer for Kevmax

No Possibleidiot, you end up with exactly the same number of shares if you sell your RoxG now at todays price, and then use that money to buy Fortuna. Or just wait and get .283 shares of ...more

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Post by Possibleidiot01on Apr 26, 2021 4:50pm

answer for Kevmax

Here's the answer to your question about why not trading at the stated 40% premium. It's all related to the current price of Fortuna. If Fortuna had not fallen ( stayed at Friday close - $9 ...more

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Comment by kevmaxon Apr 26, 2021 4:34pm

RE:$335 million (Cdn $) wipeout

but should we not be getting the 40 percent upside from fridays close? or is it based on fortuna closing price?

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Post by templetooth2on Apr 26, 2021 4:17pm

$335 million (Cdn $) wipeout

I have no idea why un-Fortuna-te should have been worth close to $10 per share just recently, but today's loss of $1.73 per share X 194 million outstanding = $335 million. As others have pointed ...more

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Comment by kevmaxon Apr 26, 2021 4:15pm

RE:RE:RE:RE:RE:RE:It's not a premium when they use FVI's overvalued shares as

can you tell me why the roxg shares sold today are not at the 40 percent premium to fridays close? i agree the roxg shares are a deal at this price.thanks for any info.

Discussion

Comment by stopedouton Apr 26, 2021 3:42pm

RE:RE:RE:RE:RE:It's not a premium when they use FVI's overvalued shares as

I agree, Burkina Faso is dangerous, so I only hold x of ROXG rather than 5x. I think Argentina is way more dangerous so I hold nil of anything touching that country. I would sell my ROXG today but ...more

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