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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

Post by Tree2treeon Apr 22, 2022 9:32am
199 Views
Post# 34623263

Why the phool will always be a phool

Why the phool will always be a phool"The imminent publication of the 43-101 technical report is the tool that will make it possible to obtain this financing."

When it's any other company under discussion (eg THX, CERT etc), the phool always says he needs to see financial reports proving profitability before he will invest.  Healthy scepticism, you know.  But when it's Sycamore, the new partner of his beloved RBX, then suddenly he has total confidence and certainty based on extremely sketchy information.  A few of the major red flags:
- Sycamore has ZERO compliant resources - only a "historical" resource based on outdated procedures.  And as the phool loves to remind others, resources are not economically accessible reserves.
- Sycamore failed to produce a feasibility study as required by the Guinea government - why?
- With no feasibility study, or even a pre-feasibility study, Sycamore has ZERO mining reserves, and no guarantee that there will ever be any.
- As a private company, the public has almost no information on Sycamore's assets and operations.  What have they been spending their money on since they took over the project, if there is still no technical report, let alone a feasibility study?
- There are literally hundreds of exporation companies publishing technical reports, but obviously most of them do NOT lead to financing.  So the big lie told by the phool above is transparently intended to mislead other phools.
- It's Guinea - do your own research and draw your own concusions.

But hey, life is a gamble, right?  Follow the phool if you want to throw your money into a black hole based only on blind faith.  Or if you already have money in RBX, just keep it there and watch it slowly melt away, while you miss the real opportunities with companies that are moving forward.
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