Robex Resources Inc V.RBX

Well i guess....

[studpuppy]

I'm not the only one kind of disappointed from this NR, the market is not reacting whatsover and no volume at all..
As usual Phil can't wait to get your point of vue since you understand alot more with the number crunching, there is something in the NR that stuck out for me towards the end of it...
 "an operating mine that produced 50,348 ounces of gold in 2020"

Correct me if i'm wrong Phil , Q1 14 918 ounces produced
                                          Q2  13 921 ounces
                                          Q3  18 121 ounces so for a total of 46 960
so Q4 3388 ounces?? was it a typo or my calculations are way off... 

Love the fact of the opening of 4 new pits around the main one...amazing good news!!!
Loved the increase of 9% of the new 43-101 compared to the one in july 2020

Acquisition of another permit  Gladie?? at what cost? to be put on the shelf with our Diangoute ..Sanoula...Mininko..and Kamasso permits??

"With the completion of prospecting work, we have temporarily decreased the number of drilling machines in operation to one to focus on the significant investments required for stripping. Once this is completed, it will allow us to access 4 pits opened during our 2020 stripping campaign. This significant investment is self funded and will increase our cost temporarily because of waste rock excavated and lower production of gold before reaching the deposit. This has thus significantly but temporarily increased the daily tonnage of waste rock excavated."

Phil does this concern for Q4? or Q1 or both ?

Now i kind of get the fact there was no Q4 update in feb, from the looks of it won't be that amazing...so nicely packaged with this NR ( good news ..bad news like i said) 
Also I get the dump on march 12th with over 1M shares trading volume when our 30 day average was 145k shares ...

Let's see our final 2020 year end numbers how they will turn out out by end of april 

Let's see if any news on dividends will come out ...my guess hopefully for Q2....(since Q4 and Q1 don't look amazing and 1 is over tomorrow) 
IMHO Q2 will be awesome...
Future looks more promising, short term will be quiet unless they pull a rabbit out the their hat..(div) 

Can't wait to see your imput and your analysis Phil, i hope most of you know i'm not a basher of RBX, been in it since 1998 and not 2019 with 0.07 cent shares...we've been in a somewhat of rut since last August with 3 back to back Q's and maybe 4 with nothing great... i just like to  question or challenge when things are not too rosy !

GLTA regards stud

[TheGesharoo]

Yah I was hoping for a dividend, but trust the team, and will wait to see how this pans out.  The new permit is exciting. glta  g

[ABDPhil]

Hello Stud,   There is indeed an error in your calculation. The amount you used for 2020-Q3 is ounces of gold sold rather than produced. The amount of ounces of gold produced for the 2020-Q4 is 10,803. If memory serves, my estimate was 15,250 ounces. I admit that's a big gap.   In my opinion, this difference is attributable to the stripping work of the various pits. I suspect a

[studpuppy]

Thank you Phil for taking the time to clarify the numbers, well i think its safe to say Q4 won't be that great ...i think and i hope the sp has already priced that in. I will be betting that Q1 won't be that great either since the cone crushers will be working starting next week hence Q2.  One of managements goals of 2020 was to produce over 51 100 ounces of gold , clearly that

[Torontojay]

Even without any future gold discoveries and assuming they deplete its gold reserves and then call it quits, the company is very much a bargain at current prices. You are not paying for any additional gold reserves if you're long the company.  Anyone can perform a discounted cash flow analysis and come to that realization.   

[Jexcelm]

Talk about a good deal! Last year Robex paid a total of 6 cents in dividend. All the indicators are there for a very large increase in the share price.