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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 Mar 17, 2023 9:52am
824 Views
Post# 35344698

You have to look at real facts and ask the key questions

You have to look at real facts and ask the key questions
1.  The Mali mine's reserves are being depleted and not being replaced.  For now, it may (or may not) be making just enough money to keep RBX alive, but for how long?
2.  RBX did not acquire the Guinea property with cash flow, they acquired it by issuing shares and massively diluting existing shareholders.  In other words, RBX's shares were devalued to make the acquisition (not to mention future devaluation if they have to issue more shares).  RBX is betting its existence, and your money, on one hyper-risky project.  It's actually fair to say that the Guinea project swallowed RBX in its own struggle to stay alive.
3.  The key question is, what are the chances of RBX successfully financing (forget about the vanishing profits), building and operating a mine in Guinea?  Shareholders should open their eyes and be realistic.  Look at RBX's share price chart and ask yourself what are the reasons behind it, and are those reasons going to suddenly go away.  Then feel free to gamble against the odds if you are in the mood for gambling.
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