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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 RONNIE111on Apr 29, 2021 9:19pm
288 Views
Post# 33098974

RE:Yikes what a mess!

RE:Yikes what a mess! The arbitrage on this deal is ten cents today, or in other words if the deal went thro at todays Fortuna share price and stayed there you would get $2.10 for your RoxG share not the $2.00 that was todays price.  

Fortuna's market cap has fallen $440 m since the deal was announced and if RoxG's share price was $1.7 before any word of the deal was leaked, then RoxG market cap has risen by $112m.  

Perhaps there is some thinking that if the deal doesn't fly then RoxG will go back to $1.7 , and hence the 10 cent arbitrage.  And no one seems to think there will be a better offer, or RoxG should be at least at zero arbitrage, and I would agree a higher offer  seems highly unlikely.  And some seem to think the deal might not complete which I think is also highly unlikely.  So I would conclude that RoxG is a great buy at this price with that 10 cent difference. 
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