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!!