RE:RE:once of goldHey Phil, the 3 factors you mention (structure, operating volume and the POG ) makes complete sense and we well basically i'll speak for myself i get it .
Now so for me to understand a bit more your reasoning , please explain to me your timeline when you mention ..."long term" , what is a long term? 5-10-15-20 years?
When the Cohen's took over almost 9 years ago we all agreed that it would be a steep hill to climb and the big gains would come much later, hence for me a long term investment, i will forget and won't count my years invested BC (before Cohen) , i will only count since 2013 and the 0.18 cents price at which he took over.
So here we are 2022, you mention short or medium term objectives sp wise, most of us here are not flippers, and are here for the med-long term all depending of our ages, and what some of us if not most of us are very dissapointed with the PROGRESSION of the SP, and i'll explain what i mean....
I do not expect this stock to go to or to be at $2 as we speak , but since 2019 when the mine was up and running with all kinks worked out and the milliions invested, with the new 43-101 that extended the life of the mine by at least 6+years 2 years ago, with 2 divis paid you would expect a steady PROGRESSION of the sp over the years,(like most healthy companies) but we have been REGRESSING sp wise (which is one of the ways to judge the health of a company)
When i mean progression, i mean by saying 2019 0.30-40 range ...2020 0.40-0.50 range 2021 0.50-0.60 range ...2022 0.60-0.70 range this is just an example of what i mean by PROGRESSION. (i just threw some numbers)
We are back to early 2020 levels... with Robex it's one step forward 3 steps back.
Now one thing i will strongly dissagree with you , (which is rare ) it's when you mention ..."the Cohen family is one such shareholder".... true they have close to if not more then 400M shares which we all know at what price they got them... BUT let's not forget, they are on the payroll also AND making very generous salaries PLUS bonuses year after year, so what do they care about the sp of the company ??? They have majority, no one's job is threatened, they do not have to perform or answer to anyone, they do as they please!!
That's why the frustration with management , a CEO's job , PROGRESSION of shareholder value NOT personal value , if along the way your personal value goes up also well no one will complain...
Do i believe in the health and wealth of Robex ....yes but i've lost faith in this management team.
You are more resourceful then I am, i have a little challenge for you, because for the love of god i can't find this information anywhere, and RBX being a so called public company we should find this information very easily .
Would it be possible, when you have time to post the link on SH , the salary of our CEO ? would really appreciated.
Back in feb 12th on my post i mentioned we will be heading back to the low 0.30's ...here we are and the drop is not over, we will touch 0.29 again and hopefully good news will be coming soon so we could head back to the 0.40's if not and another bad news well my worst case scenario we will head back to 0.21 but i'm sure LONG term investors won't care!
regards stud