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 > An other bad news!!!

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Comment by Tree2treeon Mar 28, 2024 10:20pm

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Post# 35959639

RE:An other bad news!!!

The consolidation in itself is not bad news, but it is the result of years of bad news and bad management. The share price has been on a straight-line downtrend since 2020, and is still overvalued. This is a classic value-destruction company. When a company is not able to create a higher share price through profit and growth, then in desperation they resort to a share rollback, to avoid being seen as a high-risk penny stock. The previous news almost guarantees that the downtrend will continue after the rollback.

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