Robex Resources Inc V.RBX

Well well well

[Rob0012]

Can't hold myself from posting this excerpt from CEO debriefing that goes straight in line with the reasons why I got out of here few years ago, even if ABCDEFGH was already claiming all good reasons why Robex was to be THE right investment opportunity.  Don't try to argue, just have a look at the 5 year chart...  The only way for RBX to do better would be to divest from West Africa.

 Burkina Faso Plans to Expropriate Mining Rights

During a radio address, Burkina Faso's junta leader Ibrahim Traore said, "We know how to mine our gold and I don't understand why we're going to let multinationals come and mine it." Without singling out who specifically will be impacted, Traore (apparently) intends to strip certain foreign entities of their mining rights, further stating, "In fact, we are going to withdraw mining permits" - Burkina Faso plans to withdraw some mining permits, junta leader says.

Gold is the main export of the West African country, where frustration over a long-running security crisis helped bring the junta to power in 2022. Since then, it has severed longstanding ties with Western allies and sought closer relations with Russia.

West Africa is proving to be a most challenging jurisdiction for a foreign entity to operate. Burkina Faso's neighbor Mali, another military junta-controlled (resource-rich) nation, is looking to up its stake in (foreign-owned) mining interests to 35% from the current 20%.

Publicly traded companies with operations in the West African nation include Fortuna Mining (the Yaramoko mine), Endeavour Mining (the Mana mine and Hound project), IAMGOLD (the Essakane mine), Orezone (the Bombor mine) and ASX listed West African Resources (the Sanbrado mine).

Though all the above-noted companies have gone out of their way to assure investors that their BF assets are secure and in good standing—Fortuna Mining says Burkina Faso will not withdraw existing permits—uncertainty (fear) remains. All of the above have experienced significant share price weakness over the past few sessions. The following chart belongs to IAMGOLD (IMG.TO)...

With all due respect,

Rob

[ABDPhil]

As a reminder, you left Robex in 2016 to acquire Frontline Gold shares. However, the Frontline chart should concern you more than the Robex chart because this company is dead and buried.   That said, you completely missed the 500% increase that Robex experienced in 2019-2020 and you will miss the next one too. Rob's Post