drbubb Posted April 30, 2018 Report Share Posted April 30, 2018 Fortuna Silver/FSM (ex Roxg: 133k oz.> 200k oz) Fortuna vs Silver Roxgold (ROGFF) shareholders receive 0.283 of a Fortuna share "receive 0.283 of a Fortuna share". so $5.00 x0.283= $1.415 for ROGff x1.252 = C$1.77 ROXG (4.2/5.0= C$1.49) FSM vs- AGQ. Apr'16 - Aug'21: 5yrW: 2yr: 1yr: 10d / Update: 8.12.21: $4.20 -0.24, yr.L:4.13 FSM .... All: YTD: Last: $4.20 Roxgold (133,000 oz) & other cheap Gold miners Roxgold / ROXG.t ... 10-yrs : 3-yr : 2-yr : 1-yr / 10d : Last c$1.15 x 0.78= us$ 0.897 Later chart follows 373,469,095 Common Shares x $1.15 x 0.78= us$ 335.0 Mn cash balance of US$72.2 million /373.47 = us$ xx /sh, or us$ xx /sh ROXGOLD ANNOUNCES A NORMAL COURSE ISSUER BID Toronto, Ontario – April 30, 2018 - Roxgold Inc. (“Roxgold” or the “Company”) (TSX: ROXG) (OTC: ROGFF) announces that its board has approved Roxgold implementing a normal course issuer bid ("NCIB") and a Notice of Intention to make a Normal Course Issuer Bid has been filed with, and accepted by, the Toronto Stock Exchange (the "TSX"). The Company is implementing the NCIB as it believes that from time to time the market price of Roxgold's Common Shares ("Common Shares") does not reflect the underlying value of the Common Shares. This belief is based on Roxgold’s excellent operational track record, highlighted by the recently announced first quarter gold production results of 40,452 ounces from the Company’s Yaramoko Gold mine (see press release dated April 9, 2018), which has resulted in Roxgold continuing to build a strong balance sheet with a March 31, 2018 cash balance of US$72.2 million. The NCIB will allow Roxgold to purchase Common Shares for cancellation if, in the opinion of management, the purchases can be made on terms which will enhance the value of the remaining outstanding Common Shares. The NCIB will commence on May 2, 2018 and will terminate on the earlier of: (i) May 1, 2019; and (ii) the date on which the maximum number of Common Shares that can be acquired pursuant to the NCIB are purchased. Purchases of Common Shares under the NCIB will be effected through the facilities of the TSX or alternative Canadian trading systems at the market price at the time of purchase. Roxgold may purchase up to 10,000,000 Common Shares under the NCIB (representing 2.7% of Roxgold’s issued and outstanding Common Shares), which is below the maximum allowed under TSX regulations of 18,673,454 Common Shares, such maximum being 5% of Roxgold’s issued and outstanding Common Shares as at April 18, 2018. Pursuant to the rules of the TSX, the maximum number of Common Shares that the Company may purchase under the NCIB in any one day is 94,810 Common Shares, which is 25% of the average daily trading volume of the Common Shares on the TSX for the six months ended March 29, 2018, being 379,242 Common Shares. As of April 18, 2018, Roxgold had 373,469,095 Common Shares issued and outstanding. Roxgold may also make one block purchase per calendar week which exceeds such daily purchase restriction, subject to the rules of the TSX. Any Common Shares purchased pursuant to the NCIB will be cancelled by the Company. Link to comment Share on other sites More sharing options...
drbubb Posted October 17, 2018 Author Report Share Posted October 17, 2018 Has touched long term support ROXG ... update Link to comment Share on other sites More sharing options...
drbubb Posted February 3, 2019 Author Report Share Posted February 3, 2019 January 21, 2019 Roxgold Exceeds 2018 Production Guidance and Provides 2019 Operational Outlook 2018 Highlights Gold production of 132,656 ounces in 2018, exceeding the increased guidance of 120,000 to 130,000 ounces Gold production of 25,845 ounces during the fourth quarter at an average mill feed grade of 10.8 grams per tonne ("g/t Au") achieving 98.2% gold recovery Sold 133,030 ounces of gold for annual gold sales totalling approximately $169.2 million Cash operating cost1 per ounce and all-in-sustaining cost1 per ounce expected to be at or below the lower end of the guidance range of $450 – $475 and $740 - $790 respectively Strong balance sheet with cash balance of approximately $60 million2 and long-term debt face value balance of $38 million2 as of December 31, 2018 Strong safety record maintained with a 12-month rolling lost time injury frequency rate ("LTIFR") of 0.39 per one million hours worked 2019 Outlook Gold production is expected to be between 145,000 and 155,000 ounces in 2019 Cost estimates for 2019: Cash operating cost (per ounce produced)1: $440 - $470 All-in sustaining cost (per ounce sold)1: $765 - $795 Exploration budget: $10 - $12 million With the recent under budget completion of the Bagassi South project, Yaramoko's second high-grade underground mine, we expect to have a strong year in 2019 in which we are forecasting production to be between 145,000 and 155,000 ounces of gold. Link to comment Share on other sites More sharing options...
drbubb Posted February 3, 2019 Author Report Share Posted February 3, 2019 ROXG to MNT.t Link to comment Share on other sites More sharing options...
drbubb Posted February 12, 2019 Author Report Share Posted February 12, 2019 Roxgold TO ACQUIRE THE séGUéLA GOLD PROJECT IN CôTE D’IVOIRE AND ANNOUNCES addition to mANAGEMENT team Toronto, Ontario – February 11, 2019 – Roxgold Inc. (“Roxgold” or “the Company”) (TSX: ROXG) (OTC: ROGFF) is pleased to announce that it has entered into an agreement with Newcrest West Africa Holdings Pty Ltd (“Newcrest”) to acquire a portfolio of 11 exploration permits in Côte d’Ivoire (the “Tenements”), which includes the Séguéla gold project (“Séguéla”), for total upfront consideration of US$20 million (the “Transaction”). All amounts in this news release are expressed in US dollars. Highlights of the Transaction Highly prospective exploration permits covering 3,298 km2 in the attractive mining jurisdiction of Côte d’Ivoire with significant scope to build upon existing data and high-quality exploration work completed to date Near-term development potential at the flagship Séguéla project, which hosts the Antenna deposit and a number of satellite opportunities Séguéla’s Antenna deposit hosts a mineral resource containing an inferred resource of 5.8Mt at 2.3 g/t Au for 430koz Au1 Acquisition cost of $20 million upon closing with a further payment of $10 million upon first gold production from the subject land package Addition to management team with the return of Paul Criddle to a full time executive position John Dorward, President and Chief Executive Officer of Roxgold commented, “Roxgold is excited to acquire Séguéla and the related permits from Newcrest. This acquisition represents a meaningful addition to our growth pipeline, providing a key second asset, immediate additional resource upside and a large prospective land package all in an accretive transaction for Roxgold shareholders. Rarely does such a large and carefully assembled land package become available from one of the world’s leading gold producers and Séguéla is expected to materially increase Roxgold’s overall resource inventory, particularly after we bring the deposit up to National Instrument 43-101 standards later this year. We also believe there is substantial near-term exploration upside at this deposit, and regionally, with the opportunity to significantly advance Séguéla in the near term.” Paul Weedon, Vice President, Exploration added, “This acquisition provides Roxgold with a very attractive exploration portfolio that includes highly prospective early stage opportunities as well as an advanced stage exploration asset in Séguéla. Acquiring these assets from Newcrest allows us to build upon the high quality exploration work they have completed to date. We are eager to get to work on this portfolio to fully explore the potential upside we see at these assets.” Terms of the Agreement Roxgold is acquiring the Tenements from Newcrest for upfront consideration of $20 million. Roxgold is also committing to a further payment of $10 million in cash upon production of the first gold from any of the areas covered by the Tenements Link to comment Share on other sites More sharing options...
drbubb Posted March 21, 2019 Author Report Share Posted March 21, 2019 Roxgold Purchases 4.9 Million Common Shares for Cancellation Under its Normal Course Issuer Bid BY PR Newswire — 5:30 PM ET 03/14/2019 TORONTO, March 14, 2019 Roxgold Inc. ("Roxgold" or the "Company") (OTC: ROGFF) announced today that it has recently purchased for cancellation a total of 4,949,000 common shares at an average price of C$0.84 per share representing a significant portion of its normal course issuer bid ("NCIB") previously announced on April 30, 2018. The NCIB allows for the purchase of up to 10,000,000 common shares for cancellation. To date, the Company has purchased 5,612,300 common shares under the NCIB. Link to comment Share on other sites More sharing options...
drbubb Posted March 27, 2019 Author Report Share Posted March 27, 2019 Roxgold earns $36.1-million (U.S.) in 2018 2019-03-26 18:40 ET - News Release Mr. John Dorward reports ROXGOLD REPORTS STRONG CASH FLOW AND PRODUCTION PERFORMANCE IN 2018 1. Highlights During the year ended December 31, 2018, the Company: Safety Strong safety record maintained with a 12-month rolling lost time injury frequency rate ("LTIFR") of 0.39 per one million hours worked; Operations Achieved increased production of 132,656 ounces (126,990 ounces in 2017), exceeding the upper limit of the increased guidance range 120,000 to 130,000 ounces; Sold 133,030 ounces of gold1 for a total of $169.2 million in gold sales1 in 2018 (126,555 ounces and $159.4 million respectively in 2017); Achieved a below guidance cash operating cost2 of $426 per ounce produced for a total cash cost2 of $485 per ounce sold and an all-in sustaining cost2 of $740 per ounce sold at the bottom end of the guidance range; Reduced operating costs per tonne processed2 by 12% compared to the prior year; Financial Higher EBITDA2 of $82.4 million in 2018 compared to $67.0 million in 2017; Achieved strong EBITDA margin2 of 49% in 2018 compared to 42% in 2017; Generated improved cash flow from mining operations2 totalling $88.8 million for cash flow from mining operations per share2 of $0.24 (C$0.31/share); Maintained a strong balance sheet with a net cash position2 of $22 million; Generated a strong return on equity2 of 23%; Growth Completion of Bagassi South project on schedule and approximately 10% or $2.8 million under budget; Announced the intention to acquire Seguela gold project in Cote d'Ivoire from Newcrest Mining in February 2019. During the quarter ended December 31, 2018, the Company: Mined 88,277 tonnes and achieved a record quarterly mill throughput of 82,241 tonnes; Produced 25,844 ounces of gold and sold 26,260 ounces for gold sales totalling $32.3 million; Achieved a low cash operating cost2 of $432 per ounce produced for a total cash cost2 of $490 per ounce sold and an all-in sustaining cost2 of $836 per ounce sold; Generated cash flow from mining operations2 totalling $13,690,000 for cash flow from mining operations per share2 of $0.04 (C$0.05/share). John Dorward, President and Chief Executive Officer of Roxgold commented, "2018 marked yet another significant year for Roxgold. We achieved several milestones including beating our production and cost guidance for the second consecutive year, resulting in strong cash flow generation and delivering a high return on equity for shareholders. We have also delivered on our growth objectives by completing our internally-funded Bagassi South expansion project, both on schedule and under-budget, providing accretive growth to our production profile. As a result of our disciplined approach to capital management, we have ended the year with a strong balance sheet while continuing to reduce debt. In looking ahead to 2019, we expect to have a strong year in which we are forecasting production to be between 145,000 and 155,000 ounces of gold. We also look forward to adding to our growth pipeline from our on-going exploration activities at Yaramoko and through our Seguela gold project acquisition." Link to comment Share on other sites More sharing options...
drbubb Posted March 27, 2019 Author Report Share Posted March 27, 2019 Despite the strong performance, ROXG is LOWER than 12 months ago ROXG ... 10yr : 5yr: 2yr: 6mo: 10d: Only a small gain from the news: $0.93 + 0.03 "Higher EBITDA2 of $82.4 million in 2018 compared to $67.0 million in 2017" Reported P/E Ratio: 8.54 on Big Charts -- that is LOW for a Gold equity Earns: $36.1M / 374.5M she = $0.096 per sh. / at 93 cent = PER: 9.69 I need to look into the Life of the Gold Resource, and the grades Link to comment Share on other sites More sharing options...
drbubb Posted March 27, 2019 Author Report Share Posted March 27, 2019 Wallbridge had a super day, and ROXG was up on a good earnings report Poor relative performance for MUX continues - not a good day WM.t $0.335 +0.04, +13.6% MUX : $ 1.64 -0.09, -5.20% Gdxj : $32.88 -0.59, -1.76% GLD : 123.65 -0.65, -0.52% Gcm.t $ 3.83 -0.03, -0.78% Roxg.t $ 0.93 +0.03, +3.33% I can almost hear MUX barking like a dog, while WM sings, "we are the champions" Link to comment Share on other sites More sharing options...
jerpy Posted March 30, 2019 Report Share Posted March 30, 2019 On 3/27/2019 at 10:27 PM, drbubb said: Wallbridge had a super day, and ROXG was up on a good earnings report Poor relative performance for MUX continues - not a good day WM.t $0.335 +0.04, +13.6% MUX : $ 1.64 -0.09, -5.20% Gdxj : $32.88 -0.59, -1.76% GLD : 123.65 -0.65, -0.52% Gcm.t $ 3.83 -0.03, -0.78% Roxg.t $ 0.93 +0.03, +3.33% I can almost hear MUX barking like a dog, while WM sings, "we are the champions" Ha, ha. Suppose I should feel slightly smug ditching MUX, cashing in half my GCM.t and going more overweight in WM.t but I just don’t get why MUX is such a dog other than the short position increased over time. Starting to take an interest in ROXG Link to comment Share on other sites More sharing options...
drbubb Posted March 30, 2019 Author Report Share Posted March 30, 2019 I sold some MUX (like 20%), when I should have sold ALL/ Got into ROXG (below current levels) in reasonable size. Will be looking into MUX further to understand its "dogged-ness" ROXG and MUX have similar production - but check this comparison Symbol :Company---- : Last$: E.P.S.: PE-R: Yield: BkVal: MktCap: netDebt Ebitda EVal/e: nDt/e: P/BV: fx Roxg.t: Roxgold ------ : $0.92: $0.09: r10.2: 0.00%: $0.43: $340.M: $000.M: $92.1m: r3.56: r00.0: 214%.: C$ Gcm.t: GranColum.G. : $3.67: (0.01): r0.00: 0.00%: $5.10: $177.M: $74.1M: $99.3m: r2.17: r0.75: 72.%.: C$ Mux.t : McEwen Mng.: $2.00: (0.13): r0.00: 0.58%: $1.41: $684.M: $55.8M: (17.1m): rN/a: rN/a: 142%.: C$ GORO: GoldResource : $3.93: $0.16: r24.6: 0.51%: $2.16: $241.M: $000.M: $33.2m: r7.15: r00.0: 182%.: US CDE - : Coeur Mining : $4.08: $0.00: r0.00: 0.00%: $4.19: $828.M: $458.M: $123.m: r9.77: r3.72: 97.%.: US AG -- : First Majestic- : $6.58: (1.11) : r0.00: 0.00%: $3.07: $1.30B: $155.M: $52.3m: r26.6: r2.96: 215%.: US Cco.t : Cameco Corp. : 15.75: $0.42: r37.5: 0.50%: 12.62: $6.23B: $1.50B : $627.m: r10.6: r00.0: 125%.: C$ That NEGATIVE Ebitda is pretty shocking. Perhaps this is why the stock price is so weak. Link to comment Share on other sites More sharing options...
jerpy Posted April 3, 2019 Report Share Posted April 3, 2019 Bought a little stake start of week in Roxg, will make my mind up about more later on. Toe in water for me. Link to comment Share on other sites More sharing options...
drbubb Posted April 14, 2019 Author Report Share Posted April 14, 2019 Roxgold / ROXG.t ... 10-yrs : 3-yr : 2-yr : 1-yr / 10d : Last c$0.90 x 0.75= us$ 0.675 : 1-yr / If/when ROXG gets to 28% of GCM, it might make sense to consider a switch Here's ROGFF to GDXJ ROGFF might make it back to Resistance near 2.4% of GDXJ - then what? (Currently : GDXJ= $31.13 x 2.4% = $0.747 /0.75 = C$0.00 / at $32, maybe C$0.996 ) Link to comment Share on other sites More sharing options...
jerpy Posted April 23, 2019 Report Share Posted April 23, 2019 Found a little volume reversal today low of 83c back to 87c at the close. Was getting a bit underwater but I’ve doubled up, though still a relatively small stake for me. I’m not sure about this one though, could another bad Mux type play for me. Link to comment Share on other sites More sharing options...
drbubb Posted April 24, 2019 Author Report Share Posted April 24, 2019 Many prior cyclical Lows were signaled by some key gold stocks turning a day early Having said that... we need to see HIGHER VOLUME and some follow-through Sym.: Close: $chg. %chg. / Open: $Low: $High: Volume/ (Cl. Off Low?) GLD: 120.12 -0.25 -0.21% / 119.7 119.6 120.2: 4.950M/ (+ GDX: $20.82 -0.16 -0.76% / 20.80 20.71 20.97: 26.54M/ (+0.53%) Gdxj: $28.81 -0.15 -0.52% / 28.70 28.61 29.00: 10.59M/ (+ SLV: $13.91 -0.17 -1.21% / 13.86 13.93 13.93: 7.022M/ (+ SIL : $21.18 -0.19 -0.78% / 24.11 24.02 24.28: 142,332 (+Up Gcm.t: C$3.28 +0.05 +1.55%/ O:3.15 L:3.12 H:3.31 vol: Rox.t : C$0.87 +0.02 +2.34% O:0.84 L:0.83 H:0.88 vol: 466,241 Link to comment Share on other sites More sharing options...
jerpy Posted April 27, 2019 Report Share Posted April 27, 2019 On 4/24/2019 at 1:09 AM, drbubb said: Many prior cyclical Lows were signaled by some key gold stocks turning a day early Having said that... we need to see HIGHER VOLUME and some follow-through Sym.: Close: $chg. %chg. / Open: $Low: $High: Volume/ (Cl. Off Low?) GLD: 120.12 -0.25 -0.21% / 119.7 119.6 120.2: 4.950M/ (+ GDX: $20.82 -0.16 -0.76% / 20.80 20.71 20.97: 26.54M/ (+0.53%) Gdxj: $28.81 -0.15 -0.52% / 28.70 28.61 29.00: 10.59M/ (+ SLV: $13.91 -0.17 -1.21% / 13.86 13.93 13.93: 7.022M/ (+ SIL : $21.18 -0.19 -0.78% / 24.11 24.02 24.28: 142,332 (+Up Gcm.t: C$3.28 +0.05 +1.55%/ O:3.15 L:3.12 H:3.31 vol: Rox.t : C$0.87 +0.02 +2.34% O:0.84 L:0.83 H:0.88 vol: 466,241 Feel more comfortable now with both these latest moves, particularly GCM but ROX is looking a bit better, just when I was starting to doubt. Link to comment Share on other sites More sharing options...
drbubb Posted April 28, 2019 Author Report Share Posted April 28, 2019 A series of higher Lows... like before > ROXg may Roll soon Roxgold / ROXG.t ... 10-yrs : 3-yr : 2-yr : 1-yr / 10d : Last c$0.88 ,= us$ 0.652 ROGff ... chart / Last: us$ 0.652 Link to comment Share on other sites More sharing options...
drbubb Posted May 24, 2019 Author Report Share Posted May 24, 2019 ROXG is getting a Bid! It is finally Moving off support levels now ROXG ... All-Log : 10-yr : 5-yr : 1-yr ... Last: $0.96, +0.03 (H: $0.99), vol. 2.76M - Look at the Rising Volume! RECENT HEADLINES Date ET Symbol Price Type Headline 2019-05-14 17:10 C:ROXG 0.90 News Release Roxgold earns $1.9-million (U.S.) in Q1 2019-05-14 17:06 C:ROXG 0.90 SEDAR Interim Financial Statements SEDAR Interim Financial Statements 2019-05-14 17:06 C:ROXG 0.90 SEDAR MD & A SEDAR MD & A 2019-04-29 17:09 C:ROXG 0.90 News Release Roxgold produces 33,652 oz Au in Q1 2019 === Operations: Achieved solid production results of 33,652 ounces (Q1 2018 -- 40,452 ounces); Sold 32,798 ounces of gold (1) for a total of $42.8-million in gold sales (1) (40,050 ounces and $53.2-million, respectively, in Q1 2018); Cash operating cost (2) of $468 per ounce produced and all-in sustaining cost (2) of $775 per ounce sold were in line with guidance; Operating costs (2) of $147 per tonne processed were 32 per cent lower than Q1 2018 as a result of increased throughput and improved efficiencies; Mined 98,140 tonnes and achieved a record quarterly throughput of 106,816 tonnes, which exceeded increased nameplate capacity of 1,100 tonnes per day by approximately 8 per cent. Financial: Achieved EBITDA (2) (earnings before interest, taxes, depreciation and amortization) of $16.2-million and EBITDA margin (2) of 38 per cent in Q1 2019, compared with $28.8-million and 54 per cent, respectively, in Q1 2018; Generated cash flow from mining operations (2) totalling $23.4-million for cash flow from mining operations per share (2) of six cents (eight Canadian cents per share); Maintained a strong balance sheet with a net cash position (2) of $13-million; Generated a strong return on equity (2) of 16 per cent; Repurchased and cancelled 4,949,000 shares at an average price of 84 Canadian cents per share for a total cost of $3.1-million ($4.2-million (Canadian)). Growth: Announced the completion of the Seguela gold project acquisition from Newcrest Mining in April, 2019, and commenced RC (reverse circulation) drilling on the Antenna deposit on April 24; First stoping ore mined at Bagassi South mine at the end of April, 2019. Link to comment Share on other sites More sharing options...
drbubb Posted May 24, 2019 Author Report Share Posted May 24, 2019 Haha. People were worried that ROXG was "sitting below $1" - rather than seeing the buying opportunity In edit: ROXG closed at C$1.00 on May 31st Breakout? posted May 23, 2019 03:28 pm by Method Im not technically inclined but ROXG is breaking above this 95 cent level on big volume. This base has been building for a long time and there are lots of potential catalysts in the near term. rate and reply RE:RE:RE:Q1 results are out posted May 18, 2019 09:30 am by Method yoshka2000 wrote: If so, then why is the stock sitting stagnant below a dollar, and the Co. don't think have any gold gedged unless gold is expected to much higher? The company is a very low cost...read more RE:RE:Q1 results are out posted May 17, 2019 11:47 pm by yoshka2000 If so, then why is the stock sitting stagnant below a dollar, and the Co. don't think have any gold gedged unless gold is expected to much higher? rate and reply RE:Q1 results are out posted May 14, 2019 06:05 pm by Method "Agree solid quarter !" silentreader wrote: A whopping 1,9$M net income, EPS = 0 Impressive, very impressive. ...read more Q1 results are out posted May 14, 2019 06:03 pm by silentreader A whopping 1,9$M net income, EPS = 0 Impressive, very impressive. Of course, caused by external factors.... What else do you expect from an executive team... Outstanding job John. rate and reply Link to comment Share on other sites More sharing options...
drbubb Posted June 2, 2019 Author Report Share Posted June 2, 2019 ROXG : still Rolling! C$1.11 + 0.07. 6.73% With GXDJ: $29.53 +1.03, +3.61% Link to comment Share on other sites More sharing options...
jerpy Posted June 2, 2019 Report Share Posted June 2, 2019 5 hours ago, drbubb said: ROXG : still Rolling! C$1.11 + 0.07. 6.73% With GXDJ: $29.53 +1.03, +3.61% I’m figuring it’s about broken your downward chart pattern you posted April 28th? Yes? Added a little more and resisting taking gains, for now! Link to comment Share on other sites More sharing options...
drbubb Posted June 3, 2019 Author Report Share Posted June 3, 2019 This news might have helped the price move a few days ago, but not with ROX over $1.00 But ROXG gave back $0.06 to $1.05 yesterday, when GDXJ was up about 5% ROXGOLD ANNOUNCES TSX APPROVAL TO RENEW NORMAL COURSE ISSUER BID Toronto, Ontario – June 3, 2019 - Roxgold Inc. (“Roxgold” or the “Company”) (TSX: ROXG) (OTC: ROGFF) announces that its board of directors has approved the implementation of a normal course issuer bid ("NCIB") and a Notice of Intention to make a Normal Course Issuer Bid has been filed with, and accepted by, the Toronto Stock Exchange (the "TSX"). The Company is implementing the NCIB as it believes that from time to time the market price of Roxgold's Common Shares ("Common Shares") does not reflect the underlying value of the Common Shares. This belief is based on Roxgold’s excellent operational track record, highlighted by the recently announced first quarter gold production results of 33,652 ounces from the Company’s Yaramoko Gold mine (see press release dated April 29, 2019), which has resulted in Roxgold continuing to build a strong balance sheet with a March 31, 2019 cash balance of approximately $48 million. The NCIB will allow Roxgold to purchase Common Shares for cancellation if, in the opinion of management, the purchases can be made on terms which will enhance the value of the remaining outstanding Common Shares. The NCIB will commence on June 5, 2019 and will terminate on the earlier of: (i) June 4, 2020; and (ii) the date on which the maximum number of Common Shares that can be acquired pursuant to the NCIB are purchased. Purchases of Common Shares under the NCIB will be effected through the facilities of the TSX or alternative Canadian trading systems at the market price at the time of purchase. Roxgold may purchase up to 10,000,000 Common Shares under the NCIB (representing 2.70% of Roxgold’s issued and outstanding Common Shares), which is below the maximum allowed under TSX regulations of 18,495,215 Common Shares, such maximum being 5% of Roxgold’s issued and outstanding Common Shares as at May 21, 2019. . . . During the prior NCIB of the Company, which ended on May 1, 2019, the Company obtained approval to purchase up to 10,000,000 Common Shares and, out of that amount, purchased a total of 5,612,300 Common Shares at a weighted average price of $0.87 per Common Share through the facilities of the TSX and alternative Canadian trading systems. > Link to comment Share on other sites More sharing options...
jerpy Posted June 6, 2019 Report Share Posted June 6, 2019 Took profits @ $1.04 couple of sessions back myself, didn’t want to give it back and happy with around 23% return. Link to comment Share on other sites More sharing options...
drbubb Posted June 7, 2019 Author Report Share Posted June 7, 2019 ROXG was going up too fast, and needed a pause, I reckon "The pause that refreshes" maybe? Link to comment Share on other sites More sharing options...
jerpy Posted June 15, 2019 Report Share Posted June 15, 2019 On 6/7/2019 at 5:53 AM, drbubb said: ROXG was going up too fast, and needed a pause, I reckon "The pause that refreshes" maybe? Consolidating nicely with reasonable volume for Roxg. Any dip into the 90’s might tempt me back. Link to comment Share on other sites More sharing options...
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