Post by
Aton on Nov 07, 2018 8:16am
If we compare to other miners ROXG has 50% discount
This is our close neighbour in Burkina Faso:
Take a loook at Semafo reporting today, they have a m-cap of 900 million and a AISC of 1000 $ per ounce. Cash Flow from operations $21 million in 3Q. Outlook 265.000 ounes 2019.
ROXG m-cap 300 milliom, ASIC $700 / ounce and in Q2 and $25 million Cash Flow from operations 2Q. Roxgold has an outlook of 150.000 ounces for 2019.
So Roxgold has a 30% lower cost and a 20% stonger Cash Flow from operations even as they produce much less ounces, this because the have much higher grade than Semafo. The Share price / M-cap of Roxgold could double without looking expensive compaired to Semafo.
Comment by
silentreader on Nov 07, 2018 9:33am
Semafo is sitting on millions of proven and probable reserves. Roxgold ? We don't know, they haven't published an upodated resource statement for almost 2 years.........ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ..................
Comment by
flashcash on Nov 07, 2018 9:35am
Well that's what you get for poor PR and management allowing the shorters free reign in the chicken yard !
Comment by
flashcash on Nov 09, 2018 2:16am
Yip looks great, but why are they not investing in their own company with the share buyback, seems fishy to me.
Comment by
silentreader on Nov 09, 2018 9:39am
They distributed more shares to execs then they have bought back from their "vaporware buyback program".... They need to kee the money to keep growing their already overinflated personal bank accounts.
Comment by
flashcash on Nov 09, 2018 1:04pm
Need cleverer management, totally out thought by the shorters . Would not surprise me if the shorters got the nod from someone working or near to the company that they will no longer buy shares back. Looks ugly now...I will miss this one.
Comment by
JOHNNYBOYO1 on Nov 09, 2018 1:08pm
They better be buying shares with both hands if they want to show us that they believe in the company and that it is undervalued.