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Roxgold Inc. T.ROXG

Roxgold Inc is a Canadian gold mining company. It is engaged in acquiring and exploring mineral properties. The company has two reportable segments; Mining operations and Exploration and evaluation of mineral properties, located in Burkina Faso. Its key asset is the Yaramoko Gold Mine, located in the Hounde greenstone belt of Burkina Faso, West Africa, and Seguela Gold Project located in Cote d'Ivoire, West Africa. The company's primary income is derived from the sale of gold.


TSX:ROXG - Post by User

Comment by Possibleidiot01on Apr 26, 2021 6:19pm
205 Views
Post# 33071609

RE:RE:answer for Kevmax

RE:RE:answer for Kevmaxif the price of Fortuna goes up , the price of ROXG's shares should trade up . There should / will be a link between the two companies until the deal closes unless another offer appears or the deal is withdrawn.
For instance , if Fortuna went up to $10  before the deal closes, you could sell in the market for $2.83 or close to it. That example is not likely to happen but you should get the idea.
Normally an acquiring company goes down and the purchased company goes up.

RONNIE111 , I do hear what you saying , you're not wrong but not right either. There is a pretty good chance (IMHO) that once investors get over the unexpected shock of the deal that Fortuna regains some of the 18% and that Roxgold goes up by a lesser percentage - in that case your Roxgold proceeds buy less Fortuna shares.
As you say you can hold the shares and get the ratio and there are capital gains to factor in.
Time to consult a financial professional.
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