RBR 0.00% 0.2¢ rbr group limited

10 cent share in the making, page-17

  1. 8,280 Posts.
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    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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