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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. > THIS STOCK AND THIS COMPANY JUST DONT ADD UP???
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Post by hopeitgoes on Nov 15, 2019 5:37pm

THIS STOCK AND THIS COMPANY JUST DONT ADD UP???

Why is it that this company is doing as good as any gold exploration company could ever want to do and it just keeps going down in value. All the f#$^&*)) news from this company is positive but we just cant get a break on the stock price. Yes there is unrest in south Africa but its 7 hours drive from where Yaramoko is and Im damn sure it has not affected the production process at this mine. Who wants some answers from this company?? I know I do!! For the life of me I cannot conceive why the price of the stock is as low as it is when all indications and reports for this company is good. Either its a make believe mirage or there is something going on that this company does not want to be seen or heard off. As a share holder I think we should demand some clarity from the company on why this stock is not in line with the balance sheets.
Comment by Malpeque2 on Nov 27, 2019 3:01pm
They capitalize a bunch of costs to make the OCF look better than it is!!!!   Look at cap-ex these past two years for an open existing mine?   Even with the Bagassi South opening,  they dropped a lot of $$$ here in Cap-ex and Exploration Expense.    Then salaries for G&A and stock issuance dilution.     Working capital was a positive $50M US as at December ...more  
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