Hi @WarnieI spent about 2 months watching and researching before...

Hi @Warnie

I spent about 2 months watching and researching before taking a fairly sizable position in ROG, for a LT hold.

I looked into Beech Energy (ASX:BPT) and the info there. Also look for DLS (Drill Search), who did the initial drilling and spent about $50m on the project before being bought out by Acer, who then got bought out by Beech. Some announcements from DLS in 2012 refer to the Innamincka project if you have the time to investigate.

the guys on this thread also gave me a few pointers where to start:

https://hotcopper.com.au/threads/ann-rog-ext-to-acquire-innamincka-dome-proj-from-beach-energy.4604373/

After that I suggest getting up to date with the funding ROG have with issuing additional shares (Check the notice of EGM from August'18, all resolutions were approved), however I believe they are ok for funding as of today's announcement).

Lastly, I spoke to Andrew on Monday and had a encouraging conversation. Self promo here!, but I wrote up my notes on this thread, a couple up from the bottom:

https://hotcopper.com.au/threads/ann-ext-to-acquire-innamincka-dome-project-from-beach-energy.4626243/

For me, it was the tiny market cap, good management, near term production prospects, company vision... well many factors that pointed that this IMO is a many-multi bagger from this SP. I was fortunate enough to accumulate at 0.002 however, which I doubt we'll see again for a long time!

I hope this helps.
MSN