Whatever the reason is, Robust's actions do not suggest they are in control. Is it just me or does anyone else have a problem with the sale of a further 17.5% to Salim for $5m? How does a project valuation go from $100m+ at the original sale of 22.5% to Salim to less than $30m now, when all they have done is spend $25m+ on drilling with a ''much trumpeted'' positive conversion rate of 93%?
This stinks....
ROL Price at posting:
20.5¢ Sentiment: None Disclosure: Held