Bullboard - Stock Discussion Forum Robex Resources Inc RSRBF

Primary Symbol: V.RBX Alternate Symbol(s): 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... see more

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TSXV:RBX - Post Discussion

Robex Resources Inc > Bankruptcies!!!

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Post by Piment on Mar 18, 2024 9:54am

Bankruptcies!!!

Are we going to bankrupt?

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Comment by ABDPhil on Mar 18, 2024 10:51am

No way, On the one hand, the closure of Nampala is being considered. On the other hand, Kiniero will probably start with a higher production capacity. This is not bad news, nor is it good news, but an economic decision. It appears that allocating capital to Kiniero, rather than Nampala, is more profitable. For example, $10,000,000 invested today in Kiniero, rather than in ...more

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Comment by Tree2tree on Mar 18, 2024 11:37am

Yes Monsieur Piment, that is certainly the way things are looking. A miracle may still be possible, but based on this news, I would put the odds of bankruptcy at 80:20. And even for those who choose to keep the faith, there is virtually zero hope of good news in the coming months, while more bad news may come any day. So the best strategy I can imagine would be to sell RBX now ...more

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Robex Resources Inc