Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 cigarbuttson Feb 14, 2019 9:11am
192 Views
Post# 29363046

After doing a little bit more DIGGING...........

After doing a little bit more DIGGING...........No pun ntended.

Yaramoko near pit has to yield some more economical ounces on exploration...........

If they have explored it all already   and there IS NONE to be found and shoveled into the existing mill.......................

SEMAFO has property right on their doorstep to the SW.   Semafo says a few K from the property line with Yaramoko the drills are turning!!  

SEMAFO should offer to buy ROXG today at 25%  premium to 30 day VWAP.   Stock for stock merger.    IF ROXG turns them down,  then SEMAFO should just go hostile on this managment team and gostright to stockholders.    Nobody is going to vote to keep these peoplein their jobs.  

Net Net to shareholders on both sides its a winner!!!!!

SEMAFO pays about 3X  EV/EBITDA net of cash and working capital for a 5-6 year mine life with the hope of finding more economical ounces within trucking distance of the existing mill!!!

The ONLY losers are of course the ROXG management team,  but judging by their recent diworsification announcment to explore in another jurisdiction,   they are already the  losers!     They just want to take the shareholders money with them!! 
<< Previous
Bullboard Posts
Next >>