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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. > Pro profit taking has..
View:
Post by Bever73 on Aug 07, 2020 12:17pm

Pro profit taking has..

Been occuring here and elsewhere in the sector for 2 weeks now...HEAVY profit taking....you gotta wonder if this is staged exit...good timing ? Too early? It seems to me this thing now has a bit of safety priced in as 2,000 POG was ext. Unlikely a month or so ago.... Can it hold ? If so this thing "should be 2.00 now and higher down the road"... I dont like the pros selling tho
Comment by GUY2012 on Aug 07, 2020 6:41pm
I'm not sure its the pros selling ROXG.......volume seems to low for that (under 700,000 shares ) for the past 2 days. I think its retail day traders because it seems at this point there are not that many "buyers" or "sellers" as everyone is waiting on Q2 results (Tuesday) and the outlook provided for Q3 (and gold is up $200 from the end of June).   With gold ...more  
Comment by stocksnbonds on Aug 07, 2020 8:06pm
This was expected. The key is to remember that we're in the early innings of this run up in gold. If people trade in and out-- all the power to them. I have my core position and will stick it out for a couple of years unless this gets taken out.  This stock is a medium term play for me. 2 years is long but in the grand scheme of things.... it gets us to the end of the guild of the new ...more  
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