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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. > 75% of the shorts are closed out..
View:
Post by Aton on Apr 06, 2020 4:23pm

75% of the shorts are closed out..

75% of all shorted stocks got covered today, not bad. But it all makes sense.. I'ts pretty crazy but Roxgold has a profit of 1.700 - 850 = 850 dollar per Oz produced. 

Symbol Issue Name Shares Net Change Date
$ROXG.TO ROXGOLD INC. J 1,816,785 -5,360,113 6 Apr 2020
Comment by Johnny0081 on Apr 06, 2020 9:28pm
Nice. Where did you get that from? Yeah roxgold is a sleeping giant. Cash flow machine.
Comment by Aton on Apr 07, 2020 3:34am
re Johnny,  It's from this site, on the left side you can click on the shorts position and see how it changes over time. https://ceo.ca/roxg  With Gold now at 1700 I think Roxgold is going to show fantastic profits and more important Cash flow, CF that will be used to build up our second leg of production in Ivory Coast and I hope also used for buying back some more shares at this ...more  
Comment by Johnny0081 on Apr 07, 2020 9:47am
Thanks, very cool. yeah, rather them use that cash to find more reserves and build out while keep costs very low.
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