Bullboard - Stock Discussion Forum Roxgold Inc. T.ROXG

Metals & Mining Industrial Metals & Minerals

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

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Roxgold Inc. > What's going on?

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Post by penniestodollar on Sep 18, 2019 12:02pm

What's going on?

This stock had some great momentum and semed to just peter off lately, pretty weird.. thoughts?

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Comment by kirk15 on Sep 26, 2019 11:45am

Roxgold like any producer share price is tied to the price of gold, gold got hit down almost 30.00 yesterday, ergo most gold stocks declined.

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Comment by penniestodollar on Sep 28, 2019 5:24pm

Got hammered down prior to that gold crash. Still long on this one. Anyone know when earnings are

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Comment by challenger426 on Sep 30, 2019 10:47am

I'm not sure when earnings will be but my guess is around the middle of November. My other guess is that the earning will be very good based on these numbers. Average gold price for the 3rd Quarter around $1475/ounce Gold production of at least $40,000 ounces All-in sustaining cost between $765 and $795/ounce Outstanding shares of around 370 Million Do the simple math: The worst case ...more

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Comment by penniestodollar on Sep 30, 2019 9:05pm

Love the company, think it's going in the right directio based off intrinsic value but bought at 1.25... always hard to stomach when youre down big

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Comment by challenger426 on Oct 02, 2019 11:23am

You have 2 things that might help when looking at the ROXG chart. One is the rising 200 DMA support level which is at 99 cents. The other is the RSI which is now indicating oversold. The bonus is that the price of gold is up today and hopefully continues higher as expected by the gold bugs. Good Luck.

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Comment by easlett on Oct 02, 2019 2:11pm

Yes, I agree, and also all my charts seem to support a push to $130 to $1.40, I am thinking if Gold continues up with all this bad data from the world economics, no China - U.S. deal, as China can simply wait out Donald trump if they do not get the deal they want, Brexit mess, etc... that resistance at 1560 for gold may be broken sooner than later and ROXG will be free to test $1.30 and maybe $1 ...more

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Comment by penniestodollar on Oct 02, 2019 3:27pm

Yes not worried about it still solidly holding on... almost want to add. Bought the first time they looked oversold and it went quite well. Up we go I hope!

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Comment by FIFOKid on Oct 21, 2019 8:52am

Obviously they have been high grading the 55 mine over the past years. IMO there has been a major erosion in overall headgrades being produced and so far the Bagassi South ore has not contributed to reverse the trend. If this happens you will probably will get some recovery in the price of the stock. I was a buyer on last year's tax loss selling event investing here based on the thesis ...more

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Roxgold Inc.