Solid accumulation over the last week with constant re-load buys soaking all the stock.
I was in this over a year ago, but was too early re: FID for the Mozambique projects.
Now with 75% of the LNG sold via off-take agreements, and media articles saying that FID can be as early as March 2019 (which is next week); I've re-bought as the timing is now right.
The opportunity is ridiculously large by way of the potential addressable market here given there are only 3 labor high companies in the entire country with a government licence.
On top of this; RBR (to my knowledge) is the only one of these 3 to have the UK Engineering Construction Industry Training Board certification (ECITB) which the major O&G players will want for their recruits.
The country risk is high re: Mozambique - but thats nothing new... attacks there are common & dime a dozen.
Anadarko; ENI & ExxonMobil are 3 of the largest O&G players in the world; they will have the security staff required & the expertise on how to deal with hostile operating environments. They're investment decisions are worth $75B ... So it's not chicken feed...
Also in 2017, ENI granted investment approval for a smaller $9B project in Mozambique - so this should further reinforces they know the operating environment & how hostile it can be.
Keen to see how this story plays out over the coming weeks
There is virtually zero chatter on socials about this company - one thing that is a huge positive & major attraction for me bc it anecdotally suggests there aren't many eyes on it ... YET
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.268M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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5 | 40500000 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.2¢ | 1761050 | 5 |
View Market Depth
No. | Vol. | Price($) |
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1 | 45473 | 0.023 |
1 | 993189 | 0.022 |
1 | 1000000 | 0.021 |
3 | 1025000 | 0.020 |
3 | 1750000 | 0.019 |
Price($) | Vol. | No. |
---|---|---|
0.024 | 503749 | 3 |
0.025 | 800000 | 3 |
0.026 | 1442103 | 6 |
0.027 | 1300000 | 4 |
0.028 | 989750 | 3 |
Last trade - 16.12pm 15/11/2024 (20 minute delay) ? |
RBR (ASX) Chart |
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