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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. > At this point,
View:
Post by CALISUN on Nov 11, 2020 10:27am

At this point,

It would be nice to see the company start buying back shares. Either that, or a takeout offer from another gold producer. Otherwise I don't see any major catalyst to the SP other than another BIG rally in gold which now seems less likely (due to Pfizer vaccine potential).    ANY THOUGHTS ?
Comment by Curbside100 on Nov 11, 2020 4:09pm
vaccine is a distraction ---all gov. are spending money like drunken fools---wait until see Biden open up the  register 
Comment by fishcarrier on Nov 12, 2020 12:40pm
The company doesn't have the money to buy back shares. They're spending investors' money on drilling and preparing the mine operation. The BIG catalyst that we're all waiting for is the actual first and then continued gold pour. As soon as they announce that they're successfully a producer, share prices should jump. Other catalysts will be finding a lot more gold and/or a buy ...more  
Comment by fishcarrier on Nov 12, 2020 12:45pm
OOPS, I'm sorry. I was just at the PGM site. At ROXG I think the BIG catalysts will be finding more gold at both Seguela and um...the other one Bouroussa? Seguela should be close to becoming an operation, and that will be a major catalyst. Could also be sold. I think that's what the analysts are projecting into their future prices. 
Comment by stocksnbonds on Nov 12, 2020 1:14pm
Catalysts are resource estimates for the three new gold discoveries. Only Seguela is advanced enough to have an estimate in early 2021. The other two will need to wait until end of 2021.  For now, this stock will rise and fall with the price of gold.  It's pretty much baked into projections the company will produce 130K oz AU +/- 5K.  We just need to see what the new ...more  
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