Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 > The last sprint is underway.
View:
Post by ABDPhil on Oct 12, 2022 8:09pm

The last sprint is underway.

Mr Tree2tree seems worried. This is not surprising because a text of 30 words, of not very credible origin, is enough for him to form an opinion on the security issues of an entire country. If he wants to be reassured by countless useless press releases, he should buy AGG/TRE. Otherwise, he will have to wait for the steps to be finalized.
 
Now that the 43-101 technical report has been published, Robex must submit a final statement of account to Sycamore for the investments made on the Kiniero project. In order not to delay the production of the Q3 financial statements, it seems logical to me that this account statement must include the amounts invested until the end of the quarter, on September 30.
 
Then, this last statement of account of Robex must be transmitted and integrated into the liabilities of Sycamore. Considering that Sycamore's debt has an influence on the quantity of Robex shares to be issued, it is expected that Sycamore may choose to reimburse this debt in proportion to the shares held by each shareholder. As Sycamore is made up of ~7 shareholders, 7 responses are expected, in addition to money transfers for those who will proceed with the reimbursement. In the last step, the final financial statements will be produced, then sent to Robex.
 
Upon receipt of Sycamore's financial statements, the calculation of debt-related deductions will be made by Robex. Necessarily, this calculation will have to be approved by the shareholders of Sycamore. If everything is in order for all parties, the conclusion of the transaction can be finalized.
 
Despite the low level of complexity of all of these steps, they are nevertheless numerous. Consequently, I believe that as of October 12, this delay is completely normal and a few additional days will probably be necessary.
 
In conclusion, the last sprint is underway and worries have no place.
Comment by Tree2tree on Oct 28, 2022 10:39am
How's that sprint going?  Better watch out for the old heart.  How many more months of sprinting before news comes out, and will the news be good or bad? "Worries have no place" is not a rational approach to analyzing a hyper-risky investment.  I am not worried of course, because I am not holding the stock.
Comment by ABDPhil on Oct 28, 2022 1:46pm
Your attitude is the same as in 2019, when RBX was 7-8 cents. The reality is you're worried about missing the boat a second time.   What is expected from this sprint is the final conclusion of this Robex/Sycamore merger. This boils down to completing the final administrative tasks related to the terms of the merger agreement. For shareholders, this will be another step completed and ...more  
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities