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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

Comment by watchdogontarioon May 02, 2023 12:37pm
590 Views
Post# 35425369

RE:So where did the money go?

RE:So where did the money go?Had the company stayed the same without growth, and just maintained the Nampala mine until it eventually was not producing, there would have been no need to borrow money, but the company is ambitious and would like to grow, and also provide opportunity for the future, once Nampala is defunct. This, I understand, and have no issue with the loans, based on those facts, plus the apparently richer ore on the new aquisitions. My main concern now as it always has been is the lack of transparancy to the stock holders. Most companies recognise the stockholders as partners in business, as they truly are, but Robex seems to think of us as a necessary nuisance, and seems reluctant to share real information on a timely basis. 
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