TSXV:RBX - Post Discussion
Post by
ABDPhil on Jul 28, 2021 9:28am
Am I surprised?
No, I'm not surprised to see the strong correlation between AGG's stock price and that of RBX. If you multiply African Gold Group's stock price by 3 since the end of June, the chart will be almost identical to Robex. It is not a coincidence. If this perfect marriage is made in the ratio of 3 shares of AGG to 1 of RBX, the annual free cash flow will be 30 cents or more when the new plant is fully operational. Obviously, a company that generates 30 cents of free cash flow annually cannot trade at 40 cents. At just 5x the profit and with a 10% discount we're at 237% return. With a possible increase in the production capacity of the Nampala plant and the development of the Sanoula permit, I believe that this formidable management team has not ceased to impress us. Clearly, Robex is on the rise and we can count ourselves lucky to have such a high level of knowledge as the first phase of external growth in its history begins. GLTA
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