RE:RE:Status report on drilling and growth strategy
My first purchase of Robex was made on July 31, 2019 for $0.07/share and the only reason that I even found out about Robex was because it was one of BMO advice directs top equity picks back then so I thought I would take a shot and throw some money at it. As of this morning, Robex is actually BMO’s top pick now with a score of 93.7 out of 100, which is based off of metrics, such profitability, cash flow, value and growth. I think Robex is in a great position right now, they are a low cost producer, they only have about $8-$9 million of debt, they have a huge free cash flow, they have a low P/E ratio and a great management team as well. These are the qualities that everyone should look for when investing in a company and perhaps todays poor liquidity and low share price has everyone here second guessing themselves as to why we all invested in this junior mining company operating in Mali that seems to have everything going in the right direction except the share price.
It has been a long time since we have had a news release from Robex and everyone seems to be getting frustrated by this because we all have big expectations for the company and the share price seems to be stuck in a rut as of late and it is actually down 2 cents since December 31, 2020 which really isn’t that bad considering the POG has been free falling for the past 8 months. I think the POG may have finally bottomed and hopefully will start to resolve up to new highs. I know some people are getting fed up the lack of transparency with management and may even be considering selling their shares in Robex’s on the next run up but keep this in mind:
For every $10,000 that a person invested in Robex at $0.07 back in July of 2019 they would have received just under143,000 shares. Now, 20 months later, if you consider the rise in share price as well as the $0.06/share dividend that was paid that $10,000 investment would have turned into Just under $73,000. I think that is pretty impressive and I think that Robex is just getting started and that the best is yet to come. Look at Kirkland Lake back In March of 2015, they had no trading volume and they were trading for around $0.50/share and look what they have grown too today(even with the pullback); I know we cant compare Robex to them but even if Robex were to grow to 1/4 of their size over the next 7-10 years that would put us at ~$4.65/share + dividends along the way.
Although this is my first time posing on this bullboard, I have read EVERY post on here many times since July 31, 2019 and I am sure that there are many other silent readers on here that really appreciate the efforts that ABDPhil puts into this posts and I applaud him for sharing it with all of us. Thank you ABDPhil, please keep up the excellent work, you make my quick and dirty napkin math look like a joke lol.
I don’t intend to sell this stock for a while and to keep me motivated I just look at the two chart to see what the company has accomplished in such as short time. Most people are happy to make 5-7% ROI on their investments year over year and I cant figure out why the growth we have had here is considered disappointing to many. I think we should see a bunch of good news rolled out over the next 8 weeks along with a rise in gold prices that will hopefully put some wind in our sails and bring us to new heights.
Sorry for rambling on, this is Just my two cents…