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Robex Resources Inc V.RBX

Alternate Symbol(s):  RSRBF | V.RBX.WT

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

Bullboard Posts
Comment by Data101on Jun 13, 2014 4:48pm
176 Views
Post# 22659268

RE:AGM Part 2

RE:AGM Part 2Thank you for this second part of your report Golden, much appreciated. I would like to address a few things that you reported, First, I don't really agree with Mr. Cohen explanation for the share drop. It would be really stupid of long-standing shareholders (former member of management) to dump enough shares, because of their insatisfaction, to really have an effect on the SP. I'd rather bet on the falling gold price, the lack of follow-up info on the construction progresses and the inherent behaviour of many retail investors who are constantly chasing the "saveur du jour".

As for the "barely compensated" siblings of Mr. Cohen, let's just say that Benjamen and Julien Cohen hold 16 M and 18 M shares respectively. And let's not forget that the Chen family sits on a fortune estmated between 250 and 350 Millions Euros! With that kind of cash, I would say that to them, Robex is a minor play for the moment.

That being said, I really wish the best for Robex in the future as Ihold a pretty large chunk of shares in this Company.

GLTA 

Data
Bullboard Posts