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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
Comment by ds760on Mar 11, 2013 1:43pm
128 Views
Post# 21111364

RE: Canaccord - Anyone See Morning Coffee

RE: Canaccord - Anyone See Morning Coffee

Be nice to know the reason. If anything it could simply be a dump because the junior markets are going lower for some time yet. The venture junior miner down cycle usually last 4 years. We're half way through so far. We still haven;t seen the tell tail sign of a bottom where last time 70% of juniors went banckrupt. That indicates consolidation. Wait for it probably will happen this summer as these companies which hold under a million and is the vast majority of them will be closing their doors this year. No one can raise cash in this environment so it was at least positive to see ROG raise 10 mill. 

Bullboard Posts