Robex Resources Inc V.RBX

Imaginary gold bars

[Tree2tree]

Our friend is talking about gold bars when RBX does not have the money to build a mine, and there has not even been an investment decision to build a mine (although they keep borrowing money to give the impression of advancing).

Our friend says "pay attention to the barriers that will fall one by one".  Indeed, there is one huge and unknown barrier that is perhaps not getting enough attention.  There is no chance of securing financing for a mine when noboby knows how big a share the Guinea government is going to take, and therefore will there be any profit or not from this low-margin project.  Anyone who follows the news and coups in West Africa knows that the rules of mining are being rewritten every day by coup leaders.  Except the ‘rules’ are not written – they can withdraw a mining licence or make new demands any time they like.  The more a company boasts to shareholders about their potential profitability, the more the government will demand – officially or unofficially.  Does the government lose anything by demanding more than RBX can pay, and when they can't pay, they withdraw the licence and sell it to somebody else?  Including their closest friends?

Thanks to our friend's diligent reporting, we have this information from July:
"The conclusion of the establishment agreement with the Guinean authorities is scheduled for when?
 Mr Bonneviot mentions that Guinea has concluded very few mining conventions in recent years, that it is a process that is restarting, and that Robex is on this file which is progressing very well. Consequently, they expect to announce the signing of this agreement during the summer. Mr Bonneviot adds that this agreement will establish the fiscal framework for the Kiniero operation for the next 15 years."

It is very significant that RBX talked about this only when asked a question, meanwhile there is nothing about the establishment agreement in their news releases.  You can guess your own odds and make your own bets.  Meanwhile, it is helpful to research the projects in Guinea that have been delayed year after year by failed negotiations.

[ABDPhil]

Without a doubt, ROBEX’S SUCCESS CREATES ANXIETY IN YOU.   Guinea is very far from what you claim to be. They have an excellent mining code and a policy that encourages development. Concerning the mining convention, it is an extension of the mining code, and describes the privileges from which Robex will be able to benefit, in particular tax advantages which may differ from the normal

[Tree2tree]

For one example, Rio Tinto was taken to court for using bribery to get a licence, since it was impossible to get through the 'legal' channel: https://www.sec.gov/news/press-release/2023-46 Not to mention when "In July 2022, the Guinean Government ordered work to stop at the project to force the shareholders to agree on joint venture (JV) terms." Btw I have colleagues who were

[ABDPhil]

These 2 companies deliberately negotiated the parameters of a project for 2 decades. During this time, Guinea had no economic impact, with no job creation. Guinea's intervention was fully justified, to move things forward.   Regarding your story, which only you know, you know what I think...  ;0)

[Tree2tree]

I suggest  RBX should at least hire a professional investor relations agent, because their volunteer spokesperson on SH is making things worse by constantly shooting himself in the foot.