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Bullboard - Stock Discussion Forum Roxgold Inc. T.ROXG

Roxgold Inc is a Canadian gold mining company. It is engaged in acquiring and exploring mineral properties. The company has two reportable segments; Mining operations and Exploration and evaluation of mineral properties, located in Burkina Faso. Its key asset is the Yaramoko Gold Mine, located in the Hounde greenstone belt of Burkina Faso, West Africa, and Seguela Gold Project located in Cote d... see more

TSX:ROXG - Post Discussion

Roxgold Inc. > THESE PEOPLE RUNNING ROXG INSULT YOUR INTELLIGENCE
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Post by cigarbutts on Feb 11, 2019 8:32pm

THESE PEOPLE RUNNING ROXG INSULT YOUR INTELLIGENCE

Lets see.........we have all this cash building on the balance sheet........ lets see how we can intelligently allocate capital?

1)Pay down the debt.

2) Pay a dividend back to our shareholders

3)   Let's buyback stock at 2.5-3 EV/EBITDA  with low debt already..............

NOPE,   Only in Candyland would they blow $20M CASH US plus some  bonus $$$$
for aland package in ANOTHER COUNTRY,   so far away from the existing mine it has ZERO synergy..................

SCREW  these people..............VOTE THEM OUT ASAP.............a destruction of shareholder value..................THEY want to just keep their jobs................they do not care on BIT about making money for YOU!!!!
Comment by yoshka2000 on Feb 11, 2019 10:54pm
Why don't you try thinking outside the box. As it apears the board is planning on sticking arounf for a long, long time. I feel it's a good deal they made and it's money in the bank down the road. Another company I'm invested in was called Spur ventures, now, Atlantic Gold,, they got their start the same way with exactly the same amount of cash invested in the same resourses, just ...more  
Comment by Method on Feb 12, 2019 10:04am
I like this deal too. Gold investors like growth and this gives them a high ROE place to spend free cash flow. High growth and no dilution while diversifying country risk.