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0.00% 48.5¢ robust resources limited

re: Ann: Robust secures strategic Indonesian ... I fully agree...

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  1. JID
    3,568 Posts.
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    22/02/11
    12:37
    Post #: 7932104
    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
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    lightbulb Created with Sketch.  Great analysis
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