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Bullboard - Stock Discussion Forum Cerrado Gold Inc V.CERT

Alternate Symbol(s):  CRDOF

Cerrado Gold Inc. is a Canada-based gold production, development, and exploration company focused on gold projects in South America. It is an owner of both the producing Minera Don Nicolas and Las Calandrias mine in Santa Cruz province, Argentina, and the Monte Do Carmo development project, located in Tocantins State, Brazil. In Canada, Cerrado Gold is developing its owned Mont Sorcier Iron Ore... see more

TSXV:CERT - Post Discussion

Cerrado Gold Inc > If I get to choose.. CERT or RBX?
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Post by Tree2tree on Jul 20, 2021 10:02am

If I get to choose.. CERT or RBX?

I'm not going to deliver a lecture on the topic, but here is one key comparison:

RBX: "We are therefore reiterating our 2021 objectives of producing over 51,000 ounces"

CERT: "Quarterly improvements encourage us to believe that we will achieve our production expectations of 45-55,000 ounces Au annually."

RBX market cap: $240 million
CERT market cap: $90 million

Is one undervalued?  Is one overvalued?  And what if you give CERT some credit for its second project in Brazil that keeps growing?
Comment by ABDPhil on Jul 20, 2021 1:34pm
It's a funny comparison ... The comparison you make is only based on the ounces of gold produced and completely disregards the free cash flow generated. Obviously, you are a beginner.   Cerrado's annual free cash flow 2020: $ 0 2019: $ 0   To finance its projects, Cerrado will have to issue new shares. When you continually lose money, there is no other way to ...more  
Comment by Tree2tree on Jul 20, 2021 9:57pm
RBX shareholders waited a LONG time for any profit (look at the 10-year chart), and even then it was pure luck that the gold price shot up and rescued the company from oblivion.  Probably the Phool thinks it's normal for a company to take 10 years or more to become profitable.  I don't intend on waiting that long with CERT. Other than that, I won't waste time arguing with a ...more  
Comment by ABDPhil on Jul 20, 2021 11:24pm
What? Robex produces ounces of gold from a 1 gram / tonne ore for less than $ 800 CAD and you say the tremendous financial results are the result of the increase in the price of gold? I call it operational effectiveness and economic efficiency, not luck. You are well aware that the cost of production is the main handicap of Cerrado and it is for this reason that you limit your reasoning to ounces ...more  
Comment by Tree2tree on Jul 21, 2021 9:01am
Yes some people may be shocked and confused that an up-and-coming miner could quickly overtake and surpass their own beloved company that they have been faithfully married to for over 10 years.  To be revisited when production, profits and other developments are duly reported.
Comment by ABDPhil on Jul 22, 2021 10:46am
Really, you thought it was better for you to change the subject. It was getting embarrassing ... Your way of denigrating long-term investors doesn't make you more credible in your role as a nut trader. Your ignorance will waste what little you have left. Cerrado is not making a profit and will sooner or later have to finance itself in the markets to invest in its efficiency. With its market ...more  
Comment by Mulli15 on Jul 22, 2021 12:03pm
Phil I don't mind your input. I do have a question for you thought. What is going to make new investors want to invest in RBX, a quick glance has you seeing management continuously dump their cheap options onto the market. If you belive so much in the company, why don't they?
Comment by ABDPhil on Jul 22, 2021 1:07pm
In fact, the majority shareholder owns 66% of the shares. The Cohen family have never sold a single share. Regarding the other sellers, they are people like you and me. Therefore, when 500,000 call options are exercised at 15 cents, an amount of $ 75,000 must be paid to Robex. This, in addition to the tax on the value added on the day of the exercise in the market. With people like you and me, a ...more  
Comment by Mulli15 on Jul 22, 2021 1:55pm
instead of giving them cheap options and diluting the share count only to have the directors dump the shares, why wouldn't they just pay them a wage if they are so profitable. Insider selling is never good no matter how you spin it.
Comment by Mulli15 on Jul 22, 2021 3:33pm
Just looks to me like RBX also needs the price of gold to go up to see an increased share price or they need to change their business model to put shareholders first. Insiders are winning with RBX.