... having created a new company on the AIM for their Kyrgyz assets, with a pro-forma mc of $50M. Then add to that their assets of Romang and cash, which is their flagship project, of a many multi-million mc. ROL still has only got a $31M mc. NO wonder they (like LNC), have moved their Kyrgyz assets to a more liquid bourse, which is already valued at many multiples of that asset.
I think ROL are disappointed with the ASX, and it is already showing benefits of creating this new co in London.
ROL has a report immanent on their manganese project, also they keep drilling into mass mineralisation on Romang.
With the backing of the Salim group, ROL would easily be one of the most undervalued shares on the ASX.
ROL will be at a much higher sp come years end, if not well before. imho.
E.
... having created a new company on the AIM for their Kyrgyz...
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