RE:The picture is perfectYes RBX has been spared from bankruptcy twice by rising gold prices. But that has not been enough to repay what investors put in over the years. So it has been a money losing operation overall. And now the Nampala mine has been officially declared as worthless, in spite of a high gold price. Because they know it cannot be operated profitably (except by evading taxes, which worked for a while).
Now the 'market' is valuing RBX at a nonsensical $400+ million, based only on a project from hell that is unlikely to be built. There has been no investment decision, and no agreement with the Guinea government after how many years? Taurus took control of the company to make sure their loan gets repaid, and they are not loaning any more money. So now they are playing the game with other people's money, putting on an act like they actually intend to build a mine. Of course management puts out optimistic pronouncements about first gold pour, as they always have and always will. Until it finally becomes clear that the mine is not happening.