Support is manifesting itself at the old resistance and buyers are soaking up the shares nicely in my opinion.
Geology and Demand are 2 very important areas but perhaps even more important is management and those who stand behind them...
Who are the Kingmakers?
The kingmakers are advisers from geologists to capital to asset advisers. If you have the best management in the world and don't have these kingmakers how will your company grow?
The 3 Kingmakers: 3 Wise Men
For ROB there are 3 important Kingmakers with the most important getting the least appreciation the Geologist.
Mr M. Bold-Erdene of Mine Info LLC is a recognized authority in Mongolia and is the Competent Person for ROB. For me he is the top Kingmaker with over 30 years experience in exploration and mining coal.
For ROB in my opinion the second most important Kingmaker is Cunningham Peterson Sharbanee Securities Pty Ltd.
http://www.cpssecurities.com.au/
They clearly have a track record and just from what I can find out in my research deserve the title of Kingmaker. Hard to find out more then what is on there site but their success speaks for itself in my opinion. Obviously this tells me; one they are good and two if they are advising more acquisitions here it must lead to a price correction long term. You guess which direction!
For ROB the third Kingmaker has already been mentioned on this thread. Celtic Capital!
"Specialists in providing asset based financing from $500,000 to $5 million to non-retail businesses in the United States. Our emphasis on crafting creative, flexible solutions to complex financial issues has made us one of the region's most respected asset based lenders." - Website
http://www.celticcapital.com/
It is very clear that the system is struggling and only certain sectors are going to grow over the next 5 years. In my opinion only I think the growth sectors are obviously going to be Energy.
So ROB has the Geology, the Demand and the Kingmakers; 3 very good indicators. Clearly I think ROB is going to have a good 12mths...
Purposeful human actors clearly determine success in my opinion. If you liked what I've said let me know by voting!
PS - This research could all be wrong, DYOR!
Kind Regards
ROB Price at posting:
2.2¢ Sentiment: LT Buy Disclosure: Held
