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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 Tree2treeon Sep 03, 2024 11:32am
459 Views
Post# 36206263

RE:RE:This mine will never be built

RE:RE:This mine will never be builtHow has your mine in Guinea 'evolved', the one that was supposed to be already in production by now?  (Hint: financers had to take over RBX just to make sure their loan gets paid back.  There is no agreement with the junta and the construction 'decision' keeps getting push off to do more studies.. meaning that the conditions for building a mine don't exist.)
 
How has your mine in Mali 'evolved', the one that was supposed to go on forever with new discoveries?  (Hint: The closing has been announced because the reserves are running out, although for years the company won't even reveal any information about the reserves.  The mine is supposedly for sale, but who would buy a mine that is running out of ore and owes more than its value in taxes to the Mali government?)

At least you are giving me credit for being consistent.  I have always said RBX is overvalued, and it just keeps getting more overvalued as its chances of ever making a profit become microscopally slim.  RBX is an interesting socio-cultural phenomenon, but it is not a company capable of making money for its sharehohlders.

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