Roxgold Inc. T.ROXG

It's not a premium when they use FVI's overvalued shares as

[drunk@noon]

currency. ROXG will cashflow more than FVI when seguala comes onstream, so why don't we get half the market cap of the combination? 
Voting no for the combination is a no brainer.

[RONNIE111]

Interesting that Fortuna is down as much as RoxG is up this morning.  That's good, I guess, means Fortuna shareholders don't think they got the best of the deal.  But it always seems to happen this way, buyer goes down, buyed goes up.  And shareholders so often don't know much anyway.  Probably the algorithms  selling Fortuna.  On first blush it does seem

[Curbside100]

if you followed the volume and price the last month you knew something was up ---same with ugm when Troilus took them over --- a lot of unusual trading 

[stopedout]

All of ROXG's upside taken away. Plus we end up with FVI's Argentina asset which carries big political risk. Political risk in Peru is also trending the wrong way. All for an extra 20-30c per share. But management scores big.

[RONNIE111]

If my past experience is any guide, this would be a great time to buy Fortuna.  When the dust settles and the deal is completed and things are revalued, there is no reason why Fortuna wont go back up 20 or 25% .  This has happened in every takeover I have ever seen.  And if RoxG is as good as we all think it is, it should move Fortuna higher.  

[ozkan123]

No offense but you're thinking Burkina Faso is a safer jurisdiction than Argentina and Peru?? One of the reasons why we've stayed suppressed in share price is because of being raided by any group of militants that operate like it's the wild wild West.  absolute lawlessness.  It's probably the reason why a major has never touched or approached us.  IMO of course

[stopedout]

I agree, Burkina Faso is dangerous, so I only hold x of ROXG rather than 5x. I think Argentina is way more dangerous so I hold nil of anything touching that country. I would sell my ROXG today but have decided to hold for two more weeks to see if this deal attracts a new suiter even with the $40 million break fee.

[kevmax]

can you tell me why the roxg shares sold today are not at the 40 percent premium to fridays close? i agree the roxg shares are a deal at this price.thanks for any info.