RE:Kobada - AGG Hello jdn55,
If Robex has to pay more to participate in a project that is worth more, honestly, I don't see where the problem is ...
I have always been honest about my level of appreciation of the Kobada Project. However, this quality does not affect the merits of Robex and its excellent financial results. On either side, the AGG / RBX merger is not a matter of life and death but of common sense. Therefore, I do not believe that it is useful to attempt to determine which of these parts needs the other the most.
For Robex, the Kobada project is an opportunity to accelerate its development. Otherwise, Robex will be able to expand its Nampala project and continue to develop its Sanoula project to eventually build a factory there.
For African Gold Group, this is the long-awaited opportunity to generate income and end this recurring dilution of shareholders.
Regarding the financial capacity of Robex, I remind you that a total of $ 122 million has been generated in EBITDA for the last 2 years, or more than 20 cents per share. Considering its current mineral reserves, the potential for expansion of the Nampala project, the quality of its other exploration licenses, its expertise and its 40 cent SP, I believe that Robex is indeed a gem.
Robex's financial performance, despite the low gold grade of the Nampala permit, is a demonstration of its operational efficiency in an environment similar to that of Kobada. As already mentioned, the numbers speak for themselves. I qualify this context as very favorable for a company wishing to raise the necessary financing to set up a plant as planned for the Kobada permit. In my opinion, it is ill-advised to doubt Robex's financial resources.