Robex Resources Inc V.RBX

Alternate Symbol(s): RSRBF | V.RBX.WT

Metals & Mining Gold

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.

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Robex Resources Inc

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Post by Tree2treeon Jul 20, 2023 6:43pm

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Post# 35550643

RBX wants to raise $250 million

That's almost equal to the market cap. Which will it be - more dilution? More debt? Both? What will be the effect on the share price? (That one is easy to guess.)

That is a huge amount of money to sink into a low-return, high-risk project. Or maybe they are thinking of starting more new projects? (That's a joke.) Or maybe channelling money into other companies controlled by insiders? (That's not a joke - it has happened before.)

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