I have just been re-doing my research on ROL & I am convinced this is one of the better exploration plays around. The grades are just outstanding & having three very strong sounding projects to explore. Think this has been one of the sleepers of the market, however not sure how long for.
I noticed the strike on the options that the management own have a ,lowest strike of 50c & then $1, $1.50...$3 & $4. I think you know what I am alluding to here!
In regards the quarterly just released the only negative I picked up on were the Admin. costs at A$2M for the quarter which seem awfully high especially when senior management salaries are only $1.2M pa. Anyone got have ideas on why they are so high?
ROL Price at posting:
32.0¢ Sentiment: Hold Disclosure: Held