Post by
stocksnbonds on May 06, 2021 4:31pm
Good luck everyone!
Sold out my position today to get into a couple of other explorers with gold in the ground. ROXG will have its price tied to Fortuna. I do see upside for both before the deal closes so yes, I'm likely leaving some profits on the table. This being said, the reward is greater elsewhere after the move by ROXG from the 1.50 level to the 2.00 + level recently and from under $1 last year to today.
For those who hang onto Fortuna, I feel it will be a good company with both gold and silver. The profits will start coming in a big way once the ROXG exploration properties become mines. ROXG would have been a fantastic stand-alone company although the cost of capital would have been more expensive for such a small company. This being said, others did it e.g. EDV, EQX. Mind you, these two companies had true vision, a great BOD and money backing the stories. I hope Fortuna develops the same.
Best of luck to all investors here. See you around the boards and thanks for all the great contributions.
sb
Comment by
bever64 on May 10, 2021 12:07pm
Did same with 50% of the roxg holding...(not thrilled.about the geo risk for the combined co.) What did you move into ? Looking at some of the regulars yamana, b2b, alamos etc....