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Roxgold Inc. T.ROXG

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'Ivoire, West Africa. The company's primary income is derived from the sale of gold.


TSX:ROXG - Post by User

Bullboard Posts
Post by hulio300on Apr 16, 2011 6:35pm
405 Views
Post# 18441988

Important: Please read

Important: Please readI received this directly from management. The Bagassi Central intercepts were spectacular and would be a hard act to follow anywhere in Burkina Faso. In other words these were huge, bonanza grade intercepts and we have not one but 2 of these extra-ordinary holes.They are working on quickly sourcing a diamond drill and should be back drilling Central in 2 weeks. If they can't find one quickly enough, they are quite sure that Riverstone would lend them one of their RC drills. Central is being RAB drilled as we speak. With incredible Grades like theses, they have the ability to add ounces very quickly. The share price here is extremely cheap. Over time as they drill the hell out of this thing, ROG will be easily a multi-bagger from these levels and with $15,000,000 + in the kitty, they have the money to literally turn Central into swiss cheese. These panic situations allow me and other like minded individuals to add at prices that we never thought we'd see again. I'd say act when the market Gods give you a situation like this. That's why one should always have lot's of dry powder. It doesn't matter who is running Burkina Faso, no one wants to kill the goose that lays the golden eggs, regardless of who is running the government. BK, does not have the money, the infrastructure, the know how or experience/expertise to develop these huge gold resources. They rely heavily on the foreign miners to accomplish this for the mutual benefit of everyone involved. Take this for what it is, soldiers firing shots off in the air to protest there food and living allowances. Posters like blueeagle, dudediligent et al, are fear mongering on every Burkina faso board in order to "save investors" there, all out of the goodness of their philanthropic hearts, lol. Ah, the human condition. These posters try to panic people into selling a great investment at fire sale prices. This is an extremely lazy and particularly unscrupulous way to earn money on the markets, but I guess it takes all kinds. To mike: this is not a falling knife scenario. hulio
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