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Robex Resources Inc V.RBX

Alternate Symbol(s):  RSRBF | V.RBX.WT

Robex Resources Inc. is a Canada-based gold mining company. The Company owns two assets in the prospective Birimian Greenstone belt: the Nampala producing gold mine in Mali, and the Kiniero Gold Project in Guinea (Conakry). The Kiniero Gold Project is a 470 square kilometers (km2) package of mining licenses in the prolific Siguiri Basin, Guinea, and consists of the adjacent Kiniero (mining) and Mansounia (exploration) licenses which host numerous deposits. The Nampala Gold Mine is located in the Republic of Mali, approximately 250 kilometers (km) southeast (335km by road) of the capital of Bamako, 45 km northwest of the Syama Mine (operated by Resolute Mining Limited) and 91 km southwest of the Morila mine (operated by Firefinch Limited). The mine is in the Sikasso administrative region. The property has a total surface area of c. 280km2 and consists of two parts: the Nampala exploitation permit covering 16 km2, including the Nampala mine, and five exploration permits.


TSXV:RBX - Post by User

Bullboard Posts
Comment by Goldenboy1180on May 29, 2020 6:32am
119 Views
Post# 31086212

RE:RE:Now that everything is possible

RE:RE:Now that everything is possibleI'm speachless, i have to say.

As an accountant, I can't even describe my appreciation on the spectacular performance accomplished and shown in Robex's Financial Statments.

Everything seem to have been planned such a long time ago, so the company is pictured as moving effortlessly, through all challenges being put on its path.

If I can kindly just add some little comments and one question on your in-depht analysis, dear Phil :

-When you put a closer look at the long term debt (note 14 F/S), you can understand that after November 2020, the company will generate close to 450k$ per month (5,4M$ a year) in free cash flows, from all debts that will have been reimbursed at that time, which is substantial and usefull to sustain payments of the dividends suggested by Phil.

-It it is written on the MD&A, note 16, that the mine and its exploration sites will get out of the total confinment in early June, wich is in couple of days from now.

- It's not a huge thing, but I was expecting a deeper decline in the fuel cost.  Maybe I will ask about that on the shareholder annual meeting.

-Question : Do you think it is allowed and politically correct to ask what was the purpose of the extraordinary assembly, and why it has been removed of the schedule, just to obtain a better understanding of the plan, thoughts and sequence of action we all have such pleasure and success to be part of ?

Phil, in all case, thank you ever so much for all your devoted and dedicated work, I have to say that you have been my preacher in the past years, that kept me faithfull in those long moments without news and light from George Cohen and its team. 

I totally understand and will say like him : "We there's nothing new, we don't publish that we there's nothing new".  But sometimes, words of confidence and positive thinking are really welcomed and can ease the long journey of a long investor like me (in Robex since 2010).  Thanks Phil to have done such an essential part of communication for me and for all other poster of this board.

Robex is King, long live the King !

GLTYA

Goldenboy



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