Ann: New Assay Results Confirm Perak Basin Potent, page-9

re: Ann: New Assay Results Confirm Perak Basi...
Locust1,

As I'm sure you are aware, mining stocks have taken a hit for awhile now. Mgmt have coped quite well, in fact, they now own 2 more world class assets, cash has been conserved, and they have weathered the storm. They own multiple rigs and are backed by a multi-national company, and other highly respected companies. Granted, the sp is lower than what I would like, but I am very happy with the progress, cost-cutting and smart buying in tough times.
I believe people who put their hard earned on the line deserve to be rewarded accordingly (like gustie). If people would like to have a good share of, what I believe, is one of the most promising undervalued stocks on the ASX, then they should put up, or shut up (no offence intended). That's just the nature of share trading.
So, to answer your question... YES, I am happy with mgmt's performance atm considering the climate, and I believe ROL will be a multi-bagger. Smaller shareholders that buy above or below this level (31c), have a choice to do so, if they wish. It's how they perceive the companies future prospects, which is highly insignificant, when the sp is multiples of todays sp. Hope this answers your question.


E.