re: Ann: Robust secures strategic Indonesian ...
I fully agree with you Nathan,
Whilst not a holder I have been following ROL for some time.
The announcement today would have been very disappointing had I been a holder.
It values Romang at only $135m and raises a red flag IMO.
I will continue to watch.
I realise that operating in Indo is very challenging (just ask FND and IRN) re local regulations and hurdles and the need for a well connected Indo partner is critical to smoothing the path, however, this seems too low IMO.
Cheers John
ROL Price at posting:
$2.09 Sentiment: None Disclosure: Not Held