It is good that the two largest shareholders has such faith in the future of Robust. To me it signals Robust is good value and the share price does not reflect this value. Either management does not recognise this value, believe they will gain more by recommending the takeover, or believe new owners can manage the company better than themselves. The share price has been depressed because all factors seem to currently being against the company. This will trun at some stage. I was initially against their investment in Tengri Resources because it makes the company lose focus and shows a lack of faith in their core investment (which they would struggle to fund anyway), but they seemed to pull it off and add value to the company. Again, I think this company is still very undervalued and I will not be selling until I have to.
ROL Price at posting:
47.0¢ Sentiment: Hold Disclosure: Held
