This is a new project without a JORC . The value is in the location and the management and the sentiment of the market .
Regardless of charts this company is doing the hard work to get a foothold in Mongolia . So far it has done very well and can be based at around it's current price with confidence .
This is not a short term trader thread . It is the thread where we discuss the performance and future of the company from a little bit more than a five minute perspective .
Holding overnight may be a big thing for some but I prefer to hold over a period of performance .
IF the company doesn't perform I will move on .
ROB is a screaming buy on fundamentals , not all of them proven .
Plenty hold here knowing it is a screaming buy on fundamentals alone and don't require a chart of what happened yesterday to know that ROB is in an uptrend . I am sure Tim's calls are backed by his knowledge of the fundamentals and his faith in the management's ability PRODUCE . He has likely read every announcement unlike many chartists . Clearly the uptrend started in July last year and fundamentally it should continue . It is therefore a possible short term , long term and day trade target .
Anyway if it heads south there is plenty of scoopers about who know what to do .
ROB Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held