Company Interviews

Roxgold (TSX: ROXG) - "Little Fish Taste Sweet"


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Interview with John Dorward, CEO of Roxgold (TSX: ROXG). Really digs in to the strategy and thinking behind the companies approach to Gold mining and operating Gold mines in West Africa. A PEA is due end of 2019 for their recent acquisition of the Séguéla Gold project in Côte D'Ivoire.

Their share price has recovered since the selling by M&G and Wellington mid 2018. Historically Roxgold has been a low traded company because it is held by Institutions but Roxgold is now seeing large volumes trading and volume. And now they are close to being listed in the GDXJ (market cap of +$150M and trading over 1M per day) for investors looking for ETF trading as an option. Roxgold can build the company and grow it without raising any more capital, unless they find a large producing Gold asset. The goal is to acquire a 3rd asset similar to Yaramoko and Séguéla. They are more like a real business as opposed to a mining company which tells us they understand the needs of investors. Different ways of rewarding investors - dividends, buybacks, cost cutting, investing in infrastructure, investing in future growth.

So how do investors make money? If they are to look at an exit it's a necessity to work within mining cycles. Roxgold management want to have 3 projects plus one world class asset, a game changer. Compounding earnings and keeping share count low is a priority for them. Can investors get cash in hand or do prefer having cash reinvested by company at higher and higher rates.

The gold price is moving and the market is changing but it is unpredictable. Precious metals is looking good. Achieving $1,800 Gold again is easy. Liquidity is coming back in to the market.

We discuss these topics and more:Drill AnnouncementPiecing together the Company StrategyFundamentals of Mining in Africa and the Competition in the CountryPossible Gold Market Prediction

Company page: http://www.roxgold.com

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