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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

Post by sparks19324on Nov 01, 2017 8:55pm
90 Views
Post# 26891560

buyback

buybackI don;t think roxg is in a position to buy back---they could buyback but it would be such a  small portion of the shares9371million and they ony have about fifty million--that is not much of a dent in the numbers.. i am in general against a reverse split because the majority of the time it is done to increase the porice  so that shares can be sold at a higher price to raise money---this is a cycle with some co.. however roxg gold is not in a financial crunch so selling shares would not be a problem. 
however it could reduce the liquidy of the shares.
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