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Bullboard - Stock Discussion Forum Robex Resources Inc V.RBX

Alternate Symbol(s):  RSRBF | V.RBX.WT

Robex Resources Inc. is a Canada-based gold mining company. The Company owns two assets in the prospective Birimian Greenstone belt: the Nampala producing gold mine in Mali, and the Kiniero Gold Project in Guinea (Conakry). The Kiniero Gold Project is a 470 square kilometers (km2) package of mining licenses in the prolific Siguiri Basin, Guinea, and consists of the adjacent Kiniero (mining) and... see more

TSXV:RBX - Post Discussion

Robex Resources Inc > It's simple
View:
Post by Tree2tree on Jan 31, 2022 3:33pm

It's simple

RBX has been overvalued for years, based on its real assets and potential profits.  Some people started to realize that after the last financial report that showed 9 months of basically zero profit.  So they are taking money out before it falls further.  This is normal for a low-grade mine where the cost of stripping and hauling goes up until there is no profit left in mining.  Nothing strange about it.
Comment by ABDPhil on Jan 31, 2022 5:16pm
2021 will end with $57000000 free cash flow on revenues of $114000000. You failed to consider the lag of a gold sale of 3834 ounces in 2021-Q3, for an additional revenue of approximately $8500000 in 2021-Q4. Few companies have such financial health and can benefit from this privilege. Despite this investment attributed to the stripping of 4 new pits, Robex managed to obtain an operating margin ...more  
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