Robex Resources Inc V.RBX

200,000 shares on the ask at 0.28

[Tree2tree]

If they sell at market to get what they can, the price goes below 20 cents.  What kind of white horse is going to ride in and support the share price, when RBX is adding debt every day and hasn't even secured the big financing?  Don't say nobody told you.  Feel free to ignore if this is irrelevant to you.

[ABDPhil]

For the one who has 1000 shares you are a genius. To others, you're a moron. Enjoy your last hours of glory, before disappearing like you did in 2020.

[Tree2tree]

Call me a genius or call me a moron, or worse.  Or look at what is happening to your investment in the real world, off of this board.  Your white horse has no legs.

[Tree2tree]

I admit that a few years ago, I didn't expect RBX to survive this long.  In fact the company was saved by  higher gold prices.  And then the company got way overvalued in the market due to blind optimism, which happens very often of course.  Now the gold price is high enough to make most gold companies profitable, while RBX survives only with borrowed money.

[ABDPhil]

I have no concerns about my investment in Robex and in no case has Robex been saved by POG. It is the high operating margins, the result of optimizations implemented by the Cohen group with processing capacity focused on volume rather than gold content, that Robex is able to generate an EBITDA equivalent to 47% of its revenues. The POG is an important parameter, but it influences the results

[Tree2tree]

You are intentionally decieving yourself and others.  RBX has had to borrow every penny spent on the new project, because the existing operation generates NO CASH when all is said and done.  Everything goes back in to the pit, the plant, salaries, interest and taxes just to keep things running.  Not my imagination, it's all in the financial reports.  Until one day, they won

[bveilleu]

The 200,000 shares were bought in full at $0.275 by a National Bank buyer after all... I can confirm that Robex was saved from bankruptcy a long time ago by Mr. Cohen when he decided to invest in the company... long before the Nampala mine was finally in operation. Today, I'm much less worried, even if I'm disappointed by the share price. Time will tell. GLTA.

[Tree2tree]

It does look like somebody has made a move to support the share price from falling faster.  But for how long?  Bids are disappearing fast on Level II.

[Tree2tree]

Don't forget, we already know that RBX is in default of one or more loan conditions, but the company has declined to provide details.  If and when those conditions become impossible to meet (in the eyes of the creditor), the public will be the last to know.  We will just wake up one morning to a trading halt, then it will be impossible to get anything for your shares.