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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 May 01, 2023 3:07pm
664 Views
Post# 35423403

So where did the money go?

So where did the money go?The issue is not a 10/1 split (which would not be necessary if RBX is as strong as they say it is).  The real issue is that RBX is bleeding cash and depending on borrowing just to stay in business.  Not to mention betting everything on a high-risk, low-value project.

Once again, RBX has reported an accounting profit when in reality they are losing money.  Cash is down, borrowing is up.  They are totally dependent on credit to stay alive.  Where did the so-called profit go?  You have to be sharp in reading the report to see through the shell game and find where the money went.  I don't have time now to make a detailed report.  But anybody thinking of owning RBX should know how to get that information.  And how to recognize the fake information that will be posted in response to this post.
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