Post by
ABDPhil on Mar 23, 2021 9:04am
@Jexcelm
You are right Jexcelm. The wait always ends up wearing down the confidence of some investors. You have been a Robex shareholder for a long time and you, like most of us, have recognized this opportunity. Congratulations.
By comparison, Robex sold its gold for an average price of CAD $ 1,960 in 2019-Q4. As of 2020-Q4, the average price was CAD $ 2,445.
In 2020-Q1, Robex sold its gold at an average price of CAD $ 2,130 while for 2021-Q1, the average price is still CAD $ 2,284.
Beyond the increase in the price of gold, we must also consider the implementation of the new discharge line in 2020-Q4. The previous conduct was the last element that limited the production capacity. In short, we have the value of gold which has risen as well as the production capacity. Therefore, we don't need to wait for the next financial results to realize that we are on the right track.
In the long run, understanding will always be the best tool there is.