"... a very ugly Islamic insurgency."Rick Rule's words about Burkina Faso when commenting about RoxGold this week. He blamed the share price decline on what is going on in the country at the moment.
Since TV is supposedly relying on their mine here to make up for shortfalls elsewhere, I'm wondering if this is also the reason TV is getting dumped like ROXG.
At least with ROXG, earnings will supposedly be good later this week. But if you can't be sure that your production or earnings, or even ownership of the mine going forward is a certainty, then how do you balance the risk/reward ratio?
It looks like the market has it's own ideas about this.
Rick's comments:
https://www.bnnbloomberg.ca/market-call-tonight/rick-rule-discusses-roxgold~1533497 I loved TV at a buck not all that long ago. But now, I have to wonder if it is even investible.
FWIW, I'm not pumping ROXG either. As soon as I heard Rick's comments I sold out of it as well.
Anyway, can anyone confirm or refute that this is actually happening in the area of TV's operation? As far as I can tell, Perkoa, which is such a big part of TV's production, is only 50-75km away from the Roxgold mine.
If this is just rumors and inuendo to drive the share prices down, then TV is probably a nice buy, once they get past tax loss season.
I'd appreciate any helpful comments.