Roxgold (ROG:TSX) has been outperforming its peers and is one of few gold companies that is up in value over the past 52 weeks.

According to TMX Money, insiders bought $1.59 million worth of Roxgold recently which makes it the most heavily net bought stock by insiders on the TSX Venture of late.

Since April 11th, the reporting insider, ANRH Sarl has purchased 3,890,088 shares between $0.622 and $0.70 according to CanadianInsider.

On March 28th, ANRH Sarl picked up 1,216,500 shares at $0.60.

ANRH Sarl stands for the Appian Natural Resources Fund.

Appian Capital Advisory is the investment advisor to the Appian Natural Resources Fund (“Appian” or “the Fund”), a leading private equity vehicle which pools investor capital to invest into natural resources companies, assets and management teams across selected geographies and commodities.

Appian Natural Resources Fund owns greater than 10% of Roxgold, which makes it an insider.

Appian Capital Advisory explains that its team has collectively built and managed 60+ mines into production and managed transactions in excess of $200 billion. This provides Appian with a unique offering enabling it and its portfolio companies to maximise value from high quality assets.

The company’s founder and General Partner, Michael W. Scherb, lists a number of sector deals he has participated in.

Two M&A linked deals are featured below:

  • Rio Tinto PLC on its defence against a $153bn unsolicited approach from BHP Billiton PLC
  • New World Resources N.V’s proposed $1.2bn acquisition of Lubelski Wegiel “Bogdanka” S.A.

On April 10th, 2014, Pinnacle published an article, titled, Roxgold proves cash still available for ‘select’ gold miners.

“Three separate insiders have bought shares in Roxgold (ROG:TSXV) in the past 20 days. In addition, the junior gold miner significantly oversubscribed a recent bought deal financing, raising C$29 million after previously announcing intentions to raise just C$20 million.”

Additional excerpt:

“Roxgold’s Chairman, Oliver Lennox-King, bought 802,000 shares at $0.58, reported on March 25th. That’s well over $400,000 worth of stock. Richard Colterjohn, a company director, picked up 500,000 shares of the company at $0.58 (acquisition under a prospectus).”

Click here to read the entire article.


Roxgold last traded at $0.71 per share Monday on close to 50,000 shares.

Roxgold’s latest news came on May 6th 2014, when it announced it had intercepted 226.76 grams per tonne gold over 3.1 metres (2.7 metres true width) in drilling at Bagassi South. A small excerpt from that press release is below:

“Infill Drilling Confirms Further High Grade Gold Mineralization at QV1 Target

Roxgold Inc. (ROG: TSX.V) (“Roxgold” or the “Company”) is pleased to announce the latest results from its exploration program at Yaramoko’s prospective Bagassi South Zone, where it continues to intersect high grade gold mineralization.

Highlights from the current diamond drilling program at Bagassi South’s QV1 target include:

  • 226.76 grams per tonne (“gpt”) gold over 3.1 metres (2.7 metres true width) including 442.00 gpt gold over 1.6 metres (1.4 metres true width) in diamond drill hole YRM-14-BG-041

  • 3.04 gpt gold over 5.0 metres (3.2 metres true width) including 11.30 gpt gold over 0.6 metres (0.3 metres true width) in diamond drill hole YRM-14-BG-043 as well as an additional intercept of 3.04 gpt gold over 3.8 metres (2.4 metres true width)”

Click here to read the entire press release.