re: the real purpose for the 219mm Entropylord,
I agree and that was my first thoughts too. They plan everything meticulously - there is no better managed oiler than ROC. It's a 'war chest' for a lease opportunity or a merger / acquisition IMHO.
They could service the debt quite easily and very shortly the revenue increases rapidly.
I believe that there is no better short-term buy than ROC and this will be, in retrospect, a bargain price. Look at the price increase since the last capital raising.
Angola, next year, is "elephant" country and the best opportunity for an oiler to join the big league that is possible. China, too looks good. Mauritania, who knows, but there is upside and very little downside.
Maybe they'll take over TAP - now they need a little management direction ..... I wish !!!
Can't decide between ROC and TAP a.t.m. so have bought both, albeit for totally different reasons. They should both double over the next year.
Good luck ......
might be a cheap time to buy, page-11
Featured News
Add ROC (ASX) to my watchlist
|
|||||
Last
11.0¢ |
Change
-0.005(4.35%) |
Mkt cap ! $11.02M |
Open | High | Low | Value | Volume |
10.5¢ | 11.0¢ | 10.5¢ | $711 | 6.665K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3000 | 9.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.0¢ | 178571 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3000 | 0.090 |
1 | 50000 | 0.085 |
1 | 12512 | 0.080 |
1 | 15000 | 0.077 |
1 | 17464 | 0.075 |
Price($) | Vol. | No. |
---|---|---|
0.120 | 178571 | 1 |
0.135 | 29500 | 1 |
0.140 | 15595 | 1 |
0.150 | 62500 | 1 |
0.000 | 0 | 0 |
Last trade - 16.10pm 22/08/2024 (20 minute delay) ? |
Featured News
ROC (ASX) Chart |
The Watchlist
SS1
SUN SILVER LIMITED
Gerard O'Donovan, Executive Director
Gerard O'Donovan
Executive Director
SPONSORED BY The Market Online