RE:RE:RE:RE:RE:Gap closed
Alright, so low grade is good according to the phool.
RBX almost went bankrupt with its low grade ore, then was rescued by pure luck in the form of a higher gold price. So they had a couple of years of profit, and even paid a dividend that they couldn't really afford to pay. Now even with the high gold price, the high cost of stripping and a deeper pit, not to mention energy prices, are killing RBX's profits. Who is going to put up money to repeat that same scenario in Guinea? (If they even get as far as producing gold.)
If RBX wants to change the outcome of its current downward trend, they will have to come up with a better acquisition.
The good news is that the deal hasn't gone through. For those who are determined for their own personal reasons to remain shareholders of RBX, my constructive suggestion would be to strongly express your views to the RBX board that they should drop this deal in Guinea and go back to the drawing board.