its cheap based on sentiment not on fact. Fact is its a JV sitting on a mountain of resource and until its not its a buy IMO. Just have to have the guts to hold it. As some have said earlier they made a bomb last time round. Perhaps thats some offset insurance to wade back in? Cant imagine Salim tipping in tens of millions of his own hard earned to find out whats there (from a scientific prospective) just to then take it? Hes not some hack with a banana plantation hes a global businessman with a reputation to uphold. If it ever gets taken it wont be done in his name.
ROL Price at posting:
34.0¢ Sentiment: Buy Disclosure: Held