The share price (until recently) looked like it was heading to oblivion.
I have been buying all the way down and am surprised no-one (apart from Droxford) has been joining in.
This stock is a cracker. The major risk was just reduced today with the announcement about no issues with the JV. This was always going to be the case as Salim paid ~$30m for their 22.5% of the PT company and have been just about the only buyer in ROL. They are getting close to the 19.9% - either they stop or take it out on the cheap.
Don't forget, ROL has heaps of cash (guessing but over $20m) - but more than enough for the next 12+ months of drilling, have a JORC of 1.2 moz of resources of gold equiv (yes with a lot more proving up to do) + heaps of other metals AND the high grade manganese discovery. And this is only on South Romang. The bigger long term opportunity is likely to be on North Romang.
IMO this should be trading closer to $2 than $1
Good luck if there are any holders out there :-)
ROL Price at posting:
75.0¢ Sentiment: LT Buy Disclosure: Held
