ROC 0.00% 8.9¢ rocketboots limited

fid due soon? how much for capex?, page-7

  1. 15,774 Posts.
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    Spoke to company and said the question
    The FID decision for me at least is a no lose situation
    Positive FID will be beneficial for SP
    Negative FID will mean the nearly 70 million USD ( more like 80m Usd at end if dec quarter ) will be retuned to ROC therefore Roc will have cash if circa 140-145 m aud which equates to 41% of market cap

    I would have assumed a decision not to go ahead would be price sensitive and would have been made in a separate ann . I also assume a decision not to go ahead would not be postponed and made on Rocs quarterly report as there are other JV partners

    Lastly the drilling results and early flow tests ann suggest FID very likely to be given .i have been slowly accumulating a few more at 46 in the last couple of days
 
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