Hi folks - apologies that I am the only one posting Reading yesterday's ann , it seems as though all capex / costs incurred for the entire Balai cluster will be paid back by end of 2015 . Therefore if we assume this is 60m usd ( they contributed over 70m usd ) and add existing cash plus assume a cash build up of only 40 usd ( assume some will go to farm in a acquisitions) then usd cash is likely 175 usd or about 192 aud cash My point is ROC is building up a very significant war chest and I am confident some of the cash or cash flow will go towards growth / reserves acquisitions They really are in a very strong position
ROC Price at posting:
45.0¢ Sentiment: Buy Disclosure: Held
