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Robex Resources Inc V.RBX

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

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

Comment by shorelunchon May 29, 2021 1:20pm
485 Views
Post# 33292676

RE:Bonuses

RE:Bonuses

Thanks for this.


Unless I am misreading something the 2020 total combined remuneration (salaries and bonus, but excluding stock options) for the top 5 executives  (3 of whom are Cohens) was $6MM ie an average of $1.2MM per year per executive. I'm not even sure that the 3 Cohens are devoted full-time to the enterprise - the AGM circular says the Cohens  have other family investment holdings managed through the family management company, Fairchild.

If so, this is egregious but not surprising given the nepotism. Robex is essentially a family business.

And running it (the remuneration) all through a Luxembourg based family managrment company, Fairchild,  is even more confusing to the investing public.

But give credit where credit is due, they do run a nice little operation in Robex, to me it is fully valued at this stage though, without some form of trasformstive transaction.

 

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