Robex
My few cents (!) at this point:
- Robex can't CREATE good news when there are none. Yesterday NR was s**t, probably to satisfy some major shareholders looking for updates and to play safe in front of the Regulators;
- there is ton of uncertainty right now that nobody, even less from Robex, can alleviate by any mean, not even by mentioning that "they" measured 1.8KILOS/ton of gold in the processed tonnage!!! what a joke! what a junior mistake! they don't re read themselves before putting out a NR or they wrongly assume that the "market" will take it as real!!?? stupid.
- I'm pissed with the title of that NR; in line with the established calendar...HEY!!! yesterday NR was the second since 3 months where they had to admit that there are delays for whatever!
- uncertainty around the fact that they don't seem to be able to bring the right genius to fix what should be fixable once and for good! there is no "hazard" in this business, there are processes and mecanisms that are fixable or needs to be replaced; one or the other should not take that long;
- I don't like the line where they allude to more cash being required...we were lead to believe that Nampala was going to generate sufficient cash flow to take care of future cash requirements, what does it hide???
- it seems that we have to rely on Cohen's ability to rectify the situation which I start to doubt about; mining and software businesses don't necessitate same kind of competencies and maybe Cohen starts to realize this...
- I'm still FULLY in and still hoping Cohen will draw a rabbit from a hat and bring expêcted value for us and himself;
- I really liked today end of day trading : )
Rob