Ann: Robust secures strategic Indonesian partner , page-7

re: Ann: Robust secures strategic Indonesian ... Hey Nathan

Think of it this way ROL never had the full 100% to begin with, they had 75% then they bought the remaining 25% for $20mil, now they have sold off 22.5% for $30mil (at a profit) to a partner that can help them get into production & likely help finance the project.

ROL has no resource announced to date & no costs of getting into production & producing, so its still early days, selling the 22.5% just valued ROL at almost $2 a share $105mil for Romang + the $60mil in bank = $165mil as is not bad imo, so with further drilling & if they can beat market expectations when they announce the resource ROL is in a good position to head higher over time with the right partner..