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Robex Resources Inc V.RBX

Alternate Symbol(s):  RSRBF | V.RBX.WT

Metals & Mining Gold
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

Robex Resources Inc > Let's breathe a little
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Comment by ABDPhilon May 04, 2021 10:09pm
746 Views
Post# 33129797

RE:RE:RE:Let's breathe a little

RE:RE:RE:Let's breathe a littleMy latest estimates suggest that we should have around $ 18,000,000 in cash as of March 31st. The treatment of the transition zone since the beginning of April as well as the treatment of the ore deeper from the oxide zone should allow progressing results to be obtained. The results for 2021-Q2 and subsequent quarters will enable the annual objectives to be met.

Considering the cash position at March 31, I believe it is more realistic to anticipate the payment of a dividend in the fall.

The geological formation of Nampala is composed of several pits, which has the consequence of fluctuating the results. This is a normal phenomenon which implies that the results should be analyzed for more than one quarter. In short, I am not worried and I remain very optimistic about the growth activities of the operations. Who knows, maybe we can discuss it at the annual meeting in early June.
 
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