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.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Post by ABDPhilon Jan 05, 2021 11:25am
615 Views
Post# 32223737

Dividends in 2021?

Dividends in 2021?
In response to PLE1968 regarding dividends in 2021,
 
Considering that we start the year 2021 with an ounce of gold which trades at $ 400 more than the same date last year;
 
Considering the exceptional prospects for the increase in the value of gold in 2021;
 
Considering that the installation of the new discharge line will make it possible to obtain an increase in annual processing capacity in tonnage of about 10%, perhaps even more;
 
Considering the installation of a cone crusher which will have the effect of optimizing the efficiency of the supply chain and possibly even the recovery rate;
 
Considering that we will obtain a free cash flow of approximately $ 79,000,000 in 2020 and more in 2021;
 
Considering that despite the $ 36,000,000 paid as a dividend in 2020, cash will be 3 times higher on December 31, 2020 than on the same date in 2019;
 
Considering that Robex has perfectly adequate financial results to easily finance a major investment with a bank loan;
 
I consider the payment of dividends in 2021 to be obvious ...
<< Previous
Bullboard Posts
Next >>