My expectations for 2021 For long-term investors, it will be a good year. And to fully understand what a good year could be, it is essential to understand what is going on in the minds of our management team. Knowing that Mr. Cohen is the master on board, one can easily imagine that everyone else on the management team, as well as the board of directors, are the extension of this successful investor. Therefore, one only needs to understand how Mr. Cohen usually operates to be able to deduce the direction Robex will take. You know, a lot of theories have been expressed on this forum over the years and I have a feeling one of those theories could officially be unveiled this year.
If the first idea that comes to your mind is to sell Robex, I believe you can think of yourself as a short term investor and time will prove you wrong. A man like Mr. Cohen would never have succeeded in building such a fortune without giving himself the chance to take advantage of the growth opportunities that Robex now offers. After obtaining the operating permit, building the plant, paying off the debt, improving efficiency and ultimately, all these free cash flows, you have to understand that to sell a business in this context would be the equivalent of a mother who gives her child on the day of her birth. In other words, the hardest part has been done and the best is yet to come.
And the best for Robex, what can that mean? At the moment, all theories are of equal value. The more drilling results that will be communicated to us, the more the probable theories will become clearer. The more free cash flows accumulate, the more likely it is that one of these scenarios will materialize.
We currently have 6 months of drilling results pending and we know that efforts will continue for several more years. It is the combination of the accumulation of these drilling results and these significant profits that will eventually enable the management team to commit to the best opportunity. Will this opportunity be an increase in production capacity? Will it be the purchase of an already well-developed exploration license? The establishment of a second factory? A joint venture in any project? Personally, I have no idea. What I'm sure though, is that Robex is in the process of getting all of this information to make the best choice.
In conclusion, I have very good hope that the first step of Robex's growth strategy will be unveiled to us this year and I have no doubts that it will be resounding. And to keep us patient, generous dividends will continue to be paid to us.
GLTA and happy new year everyone